How do I register my business?

In our quick guide, we'll explain the steps to register your business.

By Chris Andreou

Updated:

February 2, 2024

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How do I register my business? guide
How do I register my business? guide

Registering as a Sole Trader:

To register a business as a sole trader, you need to:

Sole Trader responsibilities

Once you’ve registered, you need to fulfil your responsibilities as a sole trader. These include:

  • Keeping records of your sales and expenses
  • Submitting a Self Assessment tax return each year
  • Paying income tax and National Insurance Contributions

Registering as a Limited Company:

To set up a limited company, you need to:

  • Decide what type of limited company you need
  • Choose a business name
  • Choose how to set up your limited company
  • Complete the company formation process
  • Open a business bank account
  • Inform your stakeholders
  • Get your VAT registration or transfer sorted out
  • Set up your payroll
  • Update your company details
  • Get your books sorted out

Registering as a Business Partnership:

To set up a business partnership, you need to:

  • Choose a business name
  • Choose a ‘nominated partner’
  • Register with HMRC

Read more Limited Company guides