Non-residents UK Company Formation – The StartUp Wallet

February 13, 2024March 5, 2024Non-residents UK Company Formation Uk Company Formation

Starting A Business in the UK from an Overseas Country

📸With love, from Rhodes 💕 can you guess wha

📸With love, from Rhodes 💕

can you guess what I said in slide 4.

At this point, I’m still recovering from slide 3…like really who sent me ??…..

1. 📸 moments at @kallitheasprings
2. breathtaking views 🌊
3. 4am morning hill runs…😩
4. what happens when you run out of poses and something else comes to mind (can you guess what I was saying????)

#cameradump #rhodesisland #vacationmode #femaleentrepreneur #entrepreneurjourney #journeytosuccess #femaleentrepreneurship #femalecoach

Having the right business structure to secure gran

Having the right business structure to secure grant funding for your business is critical to the success of your grant application. Search The StartUp Wallet on YouTube to watch the full video where I share tips on the right business structure for uk grants.

#ukgrants #businessfunding #ukbusinessowner #ukbusinesses #businesstipsforsuccess #fundingopportunity

Tap “❤️” if you agree. ☀️Have a produ

Tap “❤️” if you agree.

☀️Have a productive day.

♻️Share with a business bestie

- Tess

#ukbusinesswoman #uksmallbusinessowners #motivationalquotes #businesscoach #businesstips101 #smallbusinesstaxes #uktax #ukaccountant

To think I started this YouTube channel purely as

To think I started this YouTube channel purely as a creative outlet to share my knowledge about #business , #ukaccounting & #uktax topics…

I often get asked “How do you stay so consistent?” and I’ve often asked myself “What keeps me going despite the challenges that come with growing on YouTube?”

…the ANSWER?..

the sense of community that comes from it

From discovery call sessions, tax consultation sessions and messages received…knowing that my knowledge has positively impacted so many individuals is truly a blessing 🙏

💌My message to anyone starting their #entrepreneurship journey is on SLIDE 9.

Thank you for all the continued support ❤️

▫️Share this with a business bestie that needs the encouragement 👯‍♂️

Don’t forget THIS!👇🏼 💾 (save it or los

Don’t forget THIS!👇🏼

💾 (save it or lose it..)

Many entrepreneurs make the mistake of diving headfirst into starting a business in the uk and are blinded by the prospect of fast results.

So before you start a business in the UK, here are a few things to think about:

1. You may find it challenging opening a business bank account

This is particularly for non uk business owners looking to start businesses.

Without the right professional guidance, it is very difficult to open a business bank account as a non uk business owner.

2. Choosing the wrong business structure

When you’re setting up a business, you need to select a business structure.

The main options to choose from are: sole trader, partnership, company or a trust-based structure.

Depending on the nature of your business, there are other structures you can consider, too (example not for profits and charities)  We see lots of mistakes made around business structures.

Doing it right from the start or as early as possible in your business journey is always better, particularly because restructuring can take time and can become more of a headache the longer you leave it.

3. Dealing with regulatory requirements and legal complexities.

There are numerous legal, tax, and regulatory hurdles to navigate, from licenses and permits to employment laws and insurance.

Staying compliant requires significant time and effort.

So if you want to avoid having to change your entire business structure (and wasting a lot of time and money in the process) ...

☎️DM the word “client” for a business & tax consultation session.

Tap the “❤️” if you agree

Comment below what issues you have had setting up your business in the UK.

👌🏽Share with a uk business owner/ entrepreneur

#ukselfemployed #selfemployed #selfemployment #ukbusinessowner #ukbusinesses #ukbusinesswomen #uksmallbusinessowners #soletrader #uksmallbusinessowner #smallbusinessowner #businesstipsforsuccess #ukbusiness #ukbusinessowner #smallbusinessowner #smallbusinesstips #ukaccountant#uktaxadvice #uktaxreturn #taxplanning #taxpreparer #ukcompany #ukcompanyregistration #ukentrepreneurs

Here are 5 reasons why your business might be stru

Here are 5 reasons why your business might be struggling:

💾 SAVE FOR LATER

1. You don’t understand your obligations as as a self employed person vs limited company director. (I see this far too often).

Running a business involves dealing the numbers as well as several regulatory/compliance aspects…many entrepreneurs simply do not understand this.

2. Falling behind on paperwork Including legal documents required for your business.

Staying organised is a KEY part of running a sustainable business in the long run.

3. Fully dependent on few customers to earn sales revenue and run your business.

Don’t put all your eggs in one basket. Same rule applies when running a business.

Diversity your income streams as much as possible.

4. Adopting the wrong mindset.

There is a huge difference between entrepreneur vs employee mindset.

Be prepared for this.

5. Not adapting to change or taking feedback, where necessary.

Listen to your customers and learn to work on how to meet their needs.

Tap the “❤️” if you agree

👌🏽Share with a uk business owner/ entrepreneur

#ukselfemployed #selfemployed #selfemployment #ukbusinessowner #ukbusinesses #ukbusinesswomen #uksmallbusinessowners #soletrader #uksmallbusinessowner #smallbusinessowner #businesstipsforsuccess #ukbusiness #ukbusinessowner #smallbusinessowner #smallbusinesstips #ukaccountant#uktaxadvice #uktaxreturn #taxplanning #taxpreparer

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