Business start up advice

At Ellingsworths we take a hands on approach to assisting our clients take their first steps to running their own business.
There are many things to consider when starting up in business and Ellingsworths can help you with the whole range of challenges:
  • What type of business will you be setting up as? For example, a self-employed sole trader, limited company, partnership or social enterprise? Ellingsworths can help you choose the right type of business structure to suit your needs.
  • Do you have the money in place to set up your business or do you need to find funding? Have you approached anyone about loans, grants or other financial support? Will you need to buy stock, equipment or business supplies? Ellingsworths can help you choose the right finance when starting up.
  • Have you written a business plan? Ellingsworths can assist you with preparing a funder friendly business plan for presentation to banks or other financiers
  • Have you found out about tax and record-keeping? Ellingsworths can advise you on what records you must keep as a business and help you with the set up and maintenance of your book keeping systems and can provide tax advice to ensure that you remain compliant with HMRC regulations.
  • Will you need to employ anyone? Have you found out what you need to do when you become an employer for the first time? Ellingsworths can advise you on the requirements placed upon you when you become and employer and can provide you with a fully managed payroll service to remove a big task so that you can focus your time and efforts on growing your fledgling business.

Ellingsworths Auditors, Accountants, Tax Advisors, Business Advisors
The Willows, Maypole Street, Wombourne, Wolverhampton, West Midlands, WV5 9JB
E: T: 01902 896 730