It’s easier and simpler to set up a new business in the UK than you might imagine, so if you’ve been considering getting a startup off the ground in the past, now could be the right time to make the leap. With people finding it harder and harder to find full-time work it can make sense to go it alone if you’ve got an idea that you think could be prosperous. Once you’ve decided to go ahead, the first thing that you’ll need to do is to register with HMRC as a self-employed sole trader. You’ll need a business name and a business bank account, and it’s always wise to find an insurance package, too.
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