The registration sequence.
WHAT ORDER TO WORK IN
Decide the structure Reserve and register the name or company Obtain the tax identification number Open a bank account Register for applicable taxes Obtain sector licences Register premises and obtain local permits Register as an employer, if employing Establish data protection obligations
WHY THAT ORDER
Each step depends on the ones before.
WHAT TO DO FIRST OF ALL
Establish whether your activity requires a licence.
WHY FIRST
It may determine the structure and the capital required.
WHAT TO PREPARE BEFORE STARTING
Identification for everyone involved Addresses A shortlist of names Funds for fees
WHAT TO EXPECT
Queries, and at least one rejection.
WHAT TO BUILD FROM THE BEGINNING
A folder for every document A compliance calendar
WHY FROM THE BEGINNING
Reconstructing it later is laborious.
WHAT TO DO ONCE REGISTERED
Note every recurring obligation and its date.
WHAT NEW BUSINESSES MOST COMMONLY MISS
Annual returns Employee tax registration State and local obligations Data protection registration
WHAT TO BUDGET FOR ANNUALLY
Compliance costs, which recur.
WHAT TO ENGAGE EARLY
An accountant.
WHY
Establishing correct practice is cheaper than correcting it.
