Hi all, I am considering starting a small business.
I have a business idea and i have spotted a premises that would suit.
Never done this before and I am at the very very very beginning of this process. I am currently, and have always been a PAYE worker to date. I have a few questions for all of you experienced AAM'ers out there.
Leasing a premises.
Q - Typically how does the process of getting a lease on a premises work?
Q - Will I have to Buy the Lease and then pay rent, or can I just pay rent. Premises is vacant. Presumably the "purchase" of any lease on any vacant premises is negotaible right now.
Q - In order to get the lease and start the business will I need to show the landlord a business plan?
Business PLan
Q - Is there a specific format for preparing a business plan? Does it need to be done or aproved by anyone or is it simply my plan committed to paper?
Formation of Business
Q - What criteria determines the right types of business to form,i.e. Ltd Company, SOle Trader, Partnership etc. For example I plan to run this business with my better half, we need to have a premises, we will be supplying a service, we need to be able to accept payment by Credit card, we will need to have public liability insurance etc etc ..does that rule out certain tyopes of business?
I know ultimately I will need to speak to an accountant and probably a solicitor to get things set up right, but before I do I would appreciate some ideas and information.
Many thanks.
I have a business idea and i have spotted a premises that would suit.
Never done this before and I am at the very very very beginning of this process. I am currently, and have always been a PAYE worker to date. I have a few questions for all of you experienced AAM'ers out there.
Leasing a premises.
Q - Typically how does the process of getting a lease on a premises work?
Q - Will I have to Buy the Lease and then pay rent, or can I just pay rent. Premises is vacant. Presumably the "purchase" of any lease on any vacant premises is negotaible right now.
Q - In order to get the lease and start the business will I need to show the landlord a business plan?
Business PLan
Q - Is there a specific format for preparing a business plan? Does it need to be done or aproved by anyone or is it simply my plan committed to paper?
Formation of Business
Q - What criteria determines the right types of business to form,i.e. Ltd Company, SOle Trader, Partnership etc. For example I plan to run this business with my better half, we need to have a premises, we will be supplying a service, we need to be able to accept payment by Credit card, we will need to have public liability insurance etc etc ..does that rule out certain tyopes of business?
I know ultimately I will need to speak to an accountant and probably a solicitor to get things set up right, but before I do I would appreciate some ideas and information.
Many thanks.