The start-up stage of a company is both exciting and hectic. Putting your business plan into action, making arrangements with suppliers and customers and defining peoples’ roles are all big priorities.
So too are your accounting considerations. Are you going to operate as a sole trader, a partnership or a limited company? If it’s the latter, will you issue shares? Are you ready for all the accounting and regulatory requirements?
Your start-up could also benefit by attracting investors incentivised by government-backed schemes such as the Seed Enterprise Investment Scheme (SEIS) and the Enterprise Investment Scheme (EIS). You may also attract investment from Venture Capital Trusts (VCTs).
An unhappy fact about start-ups is that too many of them fail in their first year – not because their business idea isn’t viable but because they simply run out of money.
That’s why, when you choose Braant as your accounting partner, who are expert accountants for startups, we’ll keep a close eye on your accounting needs and cash flow, and also help you explore all your funding and investment possibilities. We’ll ensure you’re properly registered with HMRC and Companies House with the right legal structure for your business. We can also provide an interim finance director or chief finance officer to help you through the critical early weeks and months of your start-up.
We have the resources, the experts, the knowledge and experience to help your business grow. And with over 1,000 accountancy clients in the UK and London, the volume of our work allows us to share economies of scale with you.