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Want to set up a buy to let business? Read how this can work, from researching the market, establishing budget, to setting up your own company. Learn today. A Guide to Starting a Buy to Let Property Business 12 min read Beginner's Guide Table of Contents Categories Are you ready to start a buy to let business? The buy to let property landscape in 2024 How much money do you need to start a property business? Steps to starting a property business Begin with market research and analysis Business planning Legal considerations and company formation Creating a financing strategy Understanding buy-to-let strategies Traditional buy-to-let HMOs Holiday lets BRRR How SUAZ can help you Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office Caught the entrepreneurial bug? If starting a property or buy to let business is calling your name, there’s no better time to bring your business idea to life. Real estate is a thriving industry in the UK, generating a turnover of over £65 billion in 2022 , so you’ve certainly picked a popular sector to be a part of. Starting your own business can be life-changing - there’s no feeling quite like being your own boss! But you may experience trials and tribulations along the way as you navigate entrepreneurship. With the right preparation, you’ll know exactly how to handle these challenges and learn from them along the way. Our guide will cover exactly how to start a buy-to-let business in the UK, including the current property landscape in the UK and how to approach your buy to let business plan. We’ll also explain just how easy it is to form your company through SUAZ, to take some weight off your shoulders as you begin your new venture. Are you ready to start a buy to let business? Starting a property business is a major life decision, so it’s important you assess your readiness before diving straight in. Starting your own company requires a lot of commitment and dedication, which you’ll need to make sure you have the time for. You’ll need to wrap your head around the business jargon and regulations that may apply to your buy to let business, and make sure you’re both emotionally and financially prepared for your new venture. To confirm whether you’re ready to start your business, you’ll need to make sure you have the passion and commitment, the funds to get things going and a comprehensive buy to let business plan that outlines your business goals, financial projections and objectives. As long as you’re prepared and have the drive to succeed, there’s no reason why you aren’t ready to start a buy to let limited company. We believe you have what it takes. The buy to let property landscape in 2024 The UK’s property market has seen significant change in recent years, particularly due to economic factors such as the cost of living crisis, which has impacted mortgage rates and house prices. If you’re looking to start a buy to let business, you’ll be pleased to know that the housing market is certainly picking up following a period of decline. With house prices falling at their fastest rate in 13 years in November 2023, and a recent dip in mortgage rates, it’s predicted that the market could recover considerably this year. Overall buyer demand is up by 6% , after many movers held off from buying while they waited for the market to improve. Mortgage rates are slowly dropping, with five-year fixed rates for those remortgaging coming in below 4% as lenders compete against each other. For those purchasing a new home, the cheapest fixed rate available as of January 2024 is a five-year fixed rate of 3.92% . According to data from Moneyfacts, pricing is now at a seven-month low which is good news for buyers who have been holding off moving or buying their first home. Luke Meadows, Executive Mortgage Consultant at Mortgage Link Limited says; “In a bid to tackle inflation, we saw the Bank of England increase their base rate 14 times in 2 years. In recent months we have started to see more stability in rates as inflation improves but mortgages are still significantly more expensive than they were just a couple of years ago. During Covid, I secured a 5 year fixed for clients sub 1%. These deals are now typically 4%+ and rose to 6% at times last year. “The general consensus is that we are now through the worst and things will remain a lot more stable until rates are expected to slowly start reducing from the end of 2024. I have already seen a positive increase in the number of enquiries I am getting from homeowners looking to sell and upsize and this is expected to continue. I sometimes think the uncertainty is worse than the higher rates at times and now people feel this is maybe as expensive as it may get, they have the confidence to revisit those plans to move.” Other considerations as a potential property business owner are trends in the property market, such as a focus on energy efficiency and sustainability. Buyers seem to be more focused on the energy efficiency of a property over the charm of period properties, with 67% of landlords noticing less interest in period properties compared to a decade ago. This is likely due to the rising costs of running older properties, and the cost of energy bills which have prompted buyers to look for more cost-effective, energy-efficient homes. It may be worth keeping these considerations in mind when starting your property business, so you know you’re appealing to the needs of your potential customers or buyers. How much money do you need to start a property business? How much money you’ll need to kickstart your property business will depend on your unique, financial circumstances. It’ll also depend on the type of property you’re looking to buy, and if you need to cover other costs such as stamp duty. If you’re looking to buy a property to rent out, known as buy-to-let, you’ll need to consider the upfront costs of this business venture, and any ongoing costs you’ll need to cover once you’ve purchased your property. Buy-to-let mortgages work similarly to other types of mortgages, but the fees and interest rates tend to be higher. It’s likely you’ll need a deposit of at least 25% of the property’s value. You’ll then need to keep up with your mortgage repayments, but hopefully the rental income from your property will cover this. Other costs to keep in mind include: Stamp Duty Land Tax (SDLT): How much stamp duty you’ll need to pay will depend on the property’s price. For properties £40,000 and below, you won’t pay any stamp duty. Those priced up to £250,000 have a 3% buy-to-let stamp duty rate, properties priced between £250,001-£925,000 have a rate of 8% and if you’re buying a property priced between £925,0001-£1.5m, you’ll pay 13%. Looking to purchase a property of £1.5m and above? You’ll pay 15% buy-to-let stamp duty. If you’re a first-time buyer, you won’t need to pay stamp duty for properties up to £425,000. This limit will remain in place until March 2025, when it’s due to change to £300,000. Legal fees: You’ll need to pay your solicitor to take care of the legal side of purchasing a property. How much these fees cost varies, so be sure to check this beforehand. Ongoing costs: These are costs you’ll need to cover regularly once you’ve purchased a property, including mortgage repayments, service charges and management fees if you’d rather someone else, such as a letting agent, take care of managing your property. Letting agents will charge you the cost of advertising the property, conducting viewings and handling admin, for example. How much you can expect to pay will depend on the services you require. For a let-only service, where the letting agent will simply find tenants for your property, you’re looking at them receiving 50-80% of the first month’s rent on average . Whereas, if you need full property management, the letting agent is likely to charge 12-15% of your tenant’s monthly rent. It’s recommended that you have a starting budget of £50,000 to get your property business off the ground, but this of course depends on your unique, financial circumstances. Steps to starting a property business Ready to embark on your exciting new chapter? Starting a property business could be the life-changing experience you’ve been looking for. Here are the steps you’ll need to take to get started. Read our study on the most profitable locations for a buy-to-let property business . Begin with market research and analysis Getting to know the market you’re looking to operate in is a key first step when starting a property business. Market research gives you insight into current trends and demands in the property market, so you know how to appeal to your customers. You’ll understand the demographics and preferences of your potential buyers or tenants, and how to differentiate yourself and your property from other property businesses. Business planning Creating a comprehensive business plan is a vital part of starting your business. Your business plan is a written document outlining your business’ plans and how you’ll achieve them. It will cover your business’ strategy, financial projections, goals and what success will look like for your business. For your buy-to-let business plan , you’ll need to cover the money you have to invest, the skills and knowledge you can apply to your business and the time you’ll have to invest each week or month for your business. If you’re looking to apply for a business loan, your bank will ask to see your business plan to know what you’re planning to use the borrowed funds for. Take a look at our guide to writing a business plan for more details. Legal considerations and company formation Make sure you understand the legal considerations of starting a property business. The first step is to form your company, which you can either do yourself through Companies House which costs £50, or you can let a company formation agent take care of things for you. Here at SUAZ, we can form your company with Companies House on your behalf, completely free of charge (yes, really!). What’s more, should you need any support or advice, we’re always at hand to answer any questions. Make sure you read up on and understand building regulations and which apply to your business. Building regulations are legal requirements that ensure the health and safety of those who live, work or use buildings. As a property owner, landlord or property management company, you’re legally required to ensure your property is safe for occupants and visitors. The government’s website explains the regulations around renting out your property . Creating a financing strategy How you choose to finance your business is up to you and what you can afford. You may have the money available outright to cover your startup costs, or you may need to rely on one of the following financing options to get your business up and running: Business loans: You can apply for a business loan through a bank and will need to repay the amount through regular repayments. How much you can borrow will usually depend on your credit history. Once you’re approved, you’ll receive the money and you’ll start making repayments, including interest, over a set term such as three years, for example. Partnerships: A business partnership means forming a business with another person. Rather than taking on your business’ responsibilities alone, they’ll be shared. Both of you will contribute financially to getting the business running, and you’ll both be liable for the business’ debts. Crowdfunding: This is where a ‘crowd’ funds a project, such as your property business. To raise the money you need, you’ll need to encourage investors to contribute to your business. There are different types of crowdfunding for you to consider including donation-based funding where your contributors will give money without receiving anything in return. With equity funding, investors will receive shares of your business in exchange for their contribution. Take a look at our guide to startup loans and business financing for more details. Understanding buy-to-let strategies If you’re looking to start a buy-to-let business, you’ll need to get your head around and decide on the different buy-to-let strategies. The buy-to-let strategy you choose will depend on your financial circumstances, business goals and the time you have to dedicate to your new venture. Here are the different types of buy-to-let for you to consider: Traditional buy-to-let As you may assume, a traditional buy-to-let involves you buying a property to rent out to tenants. The rent you charge should cover the mortgage payments and any other expenses, so you come out with a profit each month. HMOs Houses in multiple occupation, known as HMOs, are properties shared by multiple tenants from different families. Your property would be considered an HMO if at least three tenants live there forming more than one household, and if the toilet, bathroom and kitchen facilities are shared with other tenants. Holiday lets Holiday lets are focused on short-term renting throughout the year. If you’re looking to start a holiday rental company, it’s important to choose the right location and property which attracts holidaymakers to ensure you’re making a consistent profit. There are various regulations you must adhere to should you run a holiday let business. Your property must be available for commercial holiday letting for at least 210 days per year, and must be actively promoted and let commercially with the intention of making a profit. The government’s furnished holiday lettings guidance explains this in greater detail. BRRR Buy, refurbish, refinance, rent (BRRR) involves you buying a low-value property that needs work, refurbishing it to increase its value and then refinancing it. Once the property has increased value, you can use the money you put in to invest in another property. This is a popular buy-to-let strategy as it requires low initial capital to get started and allows you to grow your property portfolio fairly quickly. How SUAZ can help you Starting a property business can be life changing. Say goodbye to your regular 9-5 and embrace the world of entrepreneurship today with SUAZ. Our expert company formation service can take care of the hard work for you, so you can focus on the important stuff like your exciting next chapter. Form your company with SUAZ today. Recommended Readings How to set up a joinery business Read More How to write a buy to let business plan Read More The best buy-to-let locations for starting a business Read More

Apply to form a company for FREE in 2 minutes here at Start Up A-Z! Start up your business with us using our company formations and registration service. Free Company Formation In Just 2 Minutes. Check Availability Limited Limited Highly recommended by our partners Where are you on your startup journey? Follow the SUAZ method for the best chance of success The Start Up A-Z Method Let us know how we can help Why we care about your success ⦿ Your success is our success ⦿ Your success will encourage other new business owners to work with Start Up A-Z ⦿ It makes us feel good and makes our job worthwhile ⦿ We can scale with your company and offer solutions to meet your needs as your business grows Hi, nice to meet you! We’re not just another company formation agent. We’re your Start Up A-Z We’re here from A-Z, from the moment you submit your company registration, to landing your first sale. With Start Up A-Z, you’ll have the tools and knowledge to succeed, and the support you need to thrive. 
We do more than just form your company. You’ll gain a support system to grow your business for the long haul. After all, the SUAZ team has been in your shoes. We know the ways to succeed and the things to avoid, and would love to be a part of your success story. Think of us as a free business partner who’ll have your back every step of the way. Find out more Destination Highstreet: From 0 to 7 locations in under 6 months Destination Bromsgrove came to us with a dream - to build the UK’s best high street app. Our design team built their website and created app designs to take the idea to local high street stakeholders. From there, they secured local funding to build the app with the help of SUAZ-recommended developers. Thanks to SUAZ, Destination Bromsgrove secured an effective, low-cost solution to get their name on the map.
 The result? Over 90% of high street businesses in the area now use Destination Bromsgrove to advertise their services. ⦿ 90% of High Street Businesses in Bromsgrove use Destination App ⦿ 5% of local population downloaded the application ⦿ From nothing on 12th of October to a website 21 days and a working app within 60 days ⦿ Destination have just launched in 6 other high streets. Why choose us as your company formations agent? You’ll gain more than just company formation. Some of the benefits you’ll receive include... Get an exclusive access to Business Support Club Empower your startup journey with BSC Once you’ve completed the company formation process with us, you’ll get exclusive access to a Business Support Club (BSC) account.
 You can browse BSC’s business marketplace - your one-stop shop for every service you could think of to grow your new enterprise. 

 From marketing support to accounting, you’ll find a variety of trusted suppliers who are eager and waiting to support you. Get ready to unlock your business’ full potential. Take a look at our services. We're here to help you with your new business We have articles for you to browse Do you need more information in forming a company? By Start Up A-Z Companies House Fee Increases 2026 | Start Up A-Z Following price rises to incorporate a Limited company in May 2024, Companies House have announced further fee increases from the 1st of February 2026. 3 min read By Start Up A-Z Companies House Fee Increases 2026 | Start Up A-Z 3 min read Button By Start Up A-Z The companies owning the most companies 10 min read Button By Start Up A-Z What it takes to be a FTSE CEO 8 min read Button See all articles Got Questions About Forming A Company? Words from our clients / 4.8 / 344 Reviews Frequently asked questions Home Page Registered Office Address Start Up A-Z General Company Formation Help After Company Formation Virtual Offices Address Services Business Call Answering Documents Filing SUAZ Homepage FAQs Other Services Filing Confirmation Statement Business Support Club Partnership Director’s Service Address in Manchester Compare Packages Virtual Office Birmingham Virtual Office How can SUAZ offer company formations for free? Here at SUAZ, we believe that it shouldn’t cost you a fortune to follow your dream. We also know that starting a business isn’t cheap, which is why our company formation service is completely free - so you can keep your hard-earned cash to make your business the best it can be. Wondering how we make our money? Our upsells are bonus features that can help your business get a head start. We also introduce you to other businesses and sometimes earn a commission from doing so. When can your business be up and running? We try our best to get your business up and running as quickly as possible. Submissions sent before midday usually come back to us the same day, but this can’t be guaranteed as delays do happen. We try to get all applications back within 36 hours, but if there are issues with your application such as your company name being flagged for extra checks, this can delay the process. Frequently Asked Questions See all FAQs Ask us a question! Contact Us help@suaz.co.uk Tel: 0330 320 1929 Bartle House, Oxford Court, Manchester M23WQ CRN: 12478555 Name Email Message Submit Thanks for submitting!

Access expert insights and guidance in Suez UK's Knowledge Base. Our articles cover a wide range of topics to help you enhance your business strategies. Article List Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office 10 Legal Considerations When Starting a Business Understand the key legal aspects of starting a business, from business structure and registration to licences and employment laws. 5 Grants to Apply for When Starting a Business Starting a business involves paying set-up costs. Check out our top grants for starting a business and learn how to apply. A Guide to Finding a Dog-walking Business Name Discover the perfect dog walking business name with our suggestions and guide to creating a name. Stand out in the industry and attract clients effortlessly. A Guide to Starting a Cleaning Business in 2024 Starting a cleaning business is a great idea if it's in demand in your area. This guide will take you through the steps required and what you need. Read more. A Guide to Starting a Dog Walking Business in 2024 Want to succeed in the household pet industry? If you're wondering how to start a dog walking business, we've created a complete guide to get you started. A Guide to Starting a Gardening Business in 2024 Want to succeed in the gardening & landscaping industry? If you're wondering how to start a gardening business, we've created a guide to get you started. A Guide to Writing Contracts as a Freelancer Learn how to write effective freelance contracts with our comprehensive guide. Protect your work, negotiate terms, and ensure timely payments. Advantages & Disadvantages of Starting a Business Looking to break free from the 9-5? Becoming an entrepreneur can be life-changing, with the potential to secure financial independence and achieve your dream. Are dog walkers in demand? Find out where the most in-demand locations are to become a dog walker across the UK’s biggest cities and towns. Can You Start a UK Business While on Benefits? If you're choosing to start a business whilst on universal credit or some other benefit, it is important you understand the cost implications. Read more here. Changes to Companies House Fees Discover the impact of Companies House fee changes on agents & SUAZ's commitment to free company formation. Stay informed & empower your business with SUAZ. Companies House register drops for the first time since 2012 The Companies House register has shrunk for the first time since quarterly reporting began in 2012. Read what it means for future entrepreneurs. Do You Need a Business Bank Account to Operate? Are you debating whether a business bank account is necessary? Start Up A-Z highlights the advantages and reasons why your venture can benefit from having one. How Difficult is it to Start a Business? The process of starting a business itself is not difficult, but running a business itself involves lots of hard work, but is it worth it? Read more. How Much Does a Virtual Office Cost? Curious about the cost of a virtual office? In our latest guide, we break down the pricing factors and provide insights into virtual office costs. Read more. How do you open a retail business? Learn how to open a retail business in this step-by-step guide from the experts at Start Up A-Z. Covering everything from market research to business planning. How much professional indemnity insurance do I need? Determine the right amount of professional indemnity insurance for your needs with our practical guide. Read more to protect your business effectively. How to Quote & Charge for Freelance Work Learn to quote and charge effectively for freelance work with expert strategies. Elevate your pricing game and boost your freelance success with Start Up A-Z. How to Set Up a Freelancer Business in 2024 Discover how to kickstart your freelance career with our comprehensive guide. From setup to success, we've got you covered! How to Start a Bakery Business in the UK Learn the key steps to successfully start your bakery business. Get practical tips and insights to turn your passion into profit. Read the guide now! 12 Reasons to Start a Business Today Thousands of people set up businesses every year, each for different reasons. But what is a good reason to start a business? Explore more here. 5 Things to Consider When Starting a Business There are a large number of considerations when starting a business, from finances to time investment and unforeseen circumstances. Read more A Guide to Starting a Buy to Let Property Business Want to set up a buy to let business? Read how this can work, from researching the market, establishing budget, to setting up your own company. Learn today. A Guide to Starting a Construction Company in 2024 Want to succeed in the construction industry? If you're wondering how to start a building and construction business, we've created a guide to get you started. A Guide to Starting a Food Business in 2024 Want to succeed in the food industry? If you're wondering how to start a food business, we've created a complete guide to get you started. Read more. A Guide to Startup Loans & Business Financing While the saying ‘it takes money to make money’ may sound like a cliché, there’s no denying that starting your own business can be expensive. Advantages & Disadvantages of Limited Liability Do you think of starting your own business? Before you dive in, it's crucial to understand the legal terms and jargon associated with forming a limited company. Are Virtual Offices Legal? Confused about the legality of virtual offices? Explore SUAZ's guide to learn about the legal aspects and regulations surrounding them. Read more. Can I Register My Business at My Home Address? Using your home address as your business address has its benefits, but there are some considerations. So what's the best option? Read more. Can a Student Start a Business Whilst at University? Many students use their time at university to experiment and start a business as a way to gain income and experience (visa dependent of course) . Learn more. Companies House Fee Increases 2026 | Start Up A-Z Following price rises to incorporate a Limited company in May 2024, Companies House have announced further fee increases from the 1st of February 2026. Do I need an accountant as a limited company? While there’s no legal requirement to use an accountant for a limited company, find out how a qualified accountant can reduce tax fines and risk of liability. Frequently asked questions on freelancing Read the answers to frequently asked questions freelancers have as you start up your own business. Get insights and advice to help you navigate freelancing. How Long Does It Take to Set Up a Limited Company? Starting a business is exciting, and the process doesn't have to be complicated. In this guide, you can get your company up and running quickly. How Much Does it Cost to Start a Business in the UK? Depending on the business, average start-up costs are about £5k - but can be cheaper when you know how. Find out how much it costs to start a UK business here. How much does it cost to set up a limited company? It can cost from £50 to set up a limited company, but at Start Up A-Z we cover this expense, meaning you can register a business for free with us. Learn more. How to Find Freelance Work & Respond to Enquiries Learn how to find freelance work and respond to inquiries with our comprehensive guide. Use our step by step advice to help set yourself up for success. How to Register & Form a Limited Company: A Complete Guide Thinking of registering a company in the UK? This guide will show you how easy it can be to form a limited company. How to Set Up a Virtual Office Ready to set up your own virtual office? Follow our step-by-step guide to creating a virtual office and enjoy the flexibility it offers. Read more. How to Start a Business with No Money If you're looking to start a business but have no money, keep reading here to find out how you might go about it.

This is the knowledge base of Start Up A-Z wherein you can browse through our articles created to educate you into forming your company. Our Knowledge Base: How can we help you today? Popular Search: Virtual Office, Company Formation, Finance Featured Article Companies House Fee Increases 2026 | Start Up A-Z Following price rises to incorporate a Limited company in May 2024, Companies House have announced further fee increases from the 1st of February 2026. Read More Building Foundations for Success: Your Path to Company Formation Here at SUAZ, we believe that it shouldn’t cost you a fortune to follow your dream. We also know that starting a business isn’t cheap, which is why our company formation service is completely free - so you can keep your hard-earned cash to make your business the best it can be. Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office Company Formations Companies House Fee Increases 2026 | Start Up A-Z Start-Up Finance 5 Grants to Apply for When Starting a Business Beginner's Guide The UK’s self employed survival rates for 2025 Business Trends The companies owning the most companies Company Formations, Business Trends Companies House register drops for the first time since 2012 Company Formations How much professional indemnity insurance do I need? Business Trends What it takes to be a FTSE CEO Beginner's Guide The UK’s most entrepreneurial universities Company Formations What is public liability insurance and what does it cover? Load More Categories Frequently Asked Questions Frequently asked questions Home Page Registered Office Address Start Up A-Z General Company Formation Help After Company Formation Virtual Offices Address Services Business Call Answering Documents Filing SUAZ Homepage FAQs Other Services Filing Confirmation Statement Business Support Club Partnership Director’s Service Address in Manchester Compare Packages Virtual Office Birmingham Virtual Office How can SUAZ offer company formations for free? Here at SUAZ, we believe that it shouldn’t cost you a fortune to follow your dream. We also know that starting a business isn’t cheap, which is why our company formation service is completely free - so you can keep your hard-earned cash to make your business the best it can be. Wondering how we make our money? Our upsells are bonus features that can help your business get a head start. We also introduce you to other businesses and sometimes earn a commission from doing so. When can your business be up and running? We try our best to get your business up and running as quickly as possible. Submissions sent before midday usually come back to us the same day, but this can’t be guaranteed as delays do happen. We try to get all applications back within 36 hours, but if there are issues with your application such as your company name being flagged for extra checks, this can delay the process. Faqs Can't find an answer? Contact Us! help@suaz.co.uk Tel: 0330 320 1929 Bartle House, Oxford Court, Manchester M23WQ CRN: 12478555 Name Email Message Submit Thanks for submitting! Contact Us

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File accounts for a dormant UK Limited/Ltd company. SUAZ can assist you in filing your dormant company accounts or do this on your behalf. Dormant Accounts Filing Use Start Up A-Z to file accounts for a dormant UK Limited/Ltd company. If your company hasn't traded and you are approaching your company accounting deadline, Start Up A-Z can help! Read More Anchor 1 If your company accounting period is due, you may be worrying about filing accounts and the associated costs. If your company has not traded, you may be able to file dormant company accounts, which is much easier and therefore less costly. As your company has not traded, filing accounts is relatively straightforward and therefore not necessary to use an accountancy practice. Start Up A-Z have the experience and know-how to either assist you in filing your dormant company accounts, or to do this on your behalf. Your company must not have traded in order for us to assist in this matter. If your company has traded, we can recommend a plethora of accountancy providers who will deal with your more complex accounting requirements. Either way, we encourage you to get in touch, as filing accounts late can be penalised with fines: When filed up to 1 month late - £150 When filed between 1 and 3 months late- £375 When filed between 3 and 6 months late - £750 When filed more than 6 months late - £1500 Get in touch today for help and assistance in this matter. Choose our virtual office Providing a registered office address for receiving official communications from Companies House, a virtual office can bring big advantages for your business: a prestigious Manchester city centre business address allows you to keep your home address private and give your professional status a lift. Learn More Frequently Asked Questions Frequently asked questions Home Page Registered Office Address Start Up A-Z General Company Formation Help After Company Formation Virtual Offices Address Services Business Call Answering Documents Filing SUAZ Homepage FAQs Other Services Filing Confirmation Statement Business Support Club Partnership Director’s Service Address in Manchester Compare Packages Virtual Office Birmingham Virtual Office How can SUAZ offer company formations for free? Here at SUAZ, we believe that it shouldn’t cost you a fortune to follow your dream. We also know that starting a business isn’t cheap, which is why our company formation service is completely free - so you can keep your hard-earned cash to make your business the best it can be. Wondering how we make our money? Our upsells are bonus features that can help your business get a head start. We also introduce you to other businesses and sometimes earn a commission from doing so. When can your business be up and running? We try our best to get your business up and running as quickly as possible. Submissions sent before midday usually come back to us the same day, but this can’t be guaranteed as delays do happen. We try to get all applications back within 36 hours, but if there are issues with your application such as your company name being flagged for extra checks, this can delay the process. Didn’t find the answer to your question? Ask our Support Team Start Up Finance Streamline the start-up process with fixed-rate finance Why wait weeks for approval for a bank loan, or risk your personal savings to get your business off the ground? Read More Need Business Support? Join Business Support Club, your one-stop shop for your business needs. Avail our startup essentials package to get your business up and running fast! Join the club for free!

Learn how to write effective freelance contracts with our comprehensive guide. Protect your work, negotiate terms, and ensure timely payments. A Guide to Writing Contracts as a Freelancer 12 min read Beginner's Guide Table of Contents Categories Do you need a contract as a freelancer? Key elements of freelance contract Crafting a freelance contract: step-by-step 1. Title and introduction 2. Scope of work 3. Timeline 4. Payment terms 5. Revisions, changes and confidentiality Legal considerations in freelance contracts Can you use a template or should you seek legal advice? Starting a freelance business and need support? We can help Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office Decided you’re ready to wave goodbye to the standard 9-5 and work as a freelancer? Before you get wrapped up in the freedom and excitement of entrepreneurship, you’ll need to consider the legal side of things. As a freelancer, it’s important that you have a contract in place between you and your clients, to clearly outline expectations for both parties. You’ll also be legally protected should something go wrong. We’ve put together this complete guide on how to write a freelance contract so you know exactly what you need to cover. Once you know what to include in a freelance contract, you can fully embrace all that freelance life has to offer. Do you need a contract as a freelancer? There are numerous benefits to working as a freelancer, from having a flexible work schedule to sharing your passion with the world. But those benefits can sometimes be overlooked by the downsides. If you don’t have a contract in place, you could risk not being paid on time, confidentiality being compromised and early termination by clients without notice. So if you’re asking ‘Do I need a contract for freelance work?’, there are certainly many benefits to having one. Here are just some of the reasons why having a contract as a freelancer is so important. Clarifying expectations: A contract between you and your clients clearly outlines the scope of work, deadlines, and deliverables, as well as the responsibilities of both you and the client. This can ensure both parties are on the same page and know what to expect, which can significantly reduce the chances of disagreements or misunderstandings. Payment terms: Contracts can specify payment terms, including your rates, payment schedules and your preferred method of payment. You can also include late payment penalties to encourage clients to pay you on time. Ownership rights: Contracts specify who owns the intellectual property (IP) created while working together. As a freelancer, this is crucial as it clarifies whether the client has full ownership over the work or if you retain certain rights to it, such as permission to use the work in your portfolio. Confidentiality clauses: You may choose for your contract to include confidentiality clauses to protect any sensitive information shared. This may be important if you’re working with clients who work on trade secrets or proprietary data projects. Approval process: Contracts can include details of specific provisions, to address potential conflicts that could crop up, including how revisions and approval processes will work. By outlining these processes, you can avoid unexpected or last-minute demands and have grounds to push back where necessary. Key elements of freelance contract A freelance contract is essential for setting clear expectations and protecting both you as the freelancer and your client. Here are just some of the key elements that should be included in a freelance contract: Parties involved: You’ll need the names and contact information of both you (the freelancer) and the client, including addresses and phone numbers. Scope of work: Make sure you include a clear, detailed description of the work you’re providing. This section should detail specific tasks you’ll be working on, as well as key milestones and deliverables. You can also outline the project timeline, including start and finish dates. Payment terms: Detail specific payment terms, including your rates. Make it clear what you’re charging the client, whether it’s an hourly rate, flat fee or per-project cost. Next, define the payment schedule you expect, including the due dates of any payments and if an initial deposit is required before work commences. Revisions: Clarify the number of revisions you’re willing to make to the work you produce, and if you charge extra for amendments. Should the scope of work need changing, outline the process for handling these changes and how this will be billed. Intellectual property rights: As mentioned above, the contract will need to detail who owns the intellectual property rights to the work produced. For example, both you and the client may have shared ownership, or one of you may have full rights. If you, the freelancer, retain ownership of the work produced, make sure the contract details the terms under which the client can use the work, such as on their website. Confidentiality: Make sure you include a clause to protect any confidential information shared between yourself and the client. If you see it necessary, you may choose to include a separate non-disclosure agreement (NDA) to ensure any sensitive information remains confidential. Liability: You may choose to include a limitation of liability clause in the contract, which limits what you can be held responsible for, should a client take legal action against you due to events like damages, losses or injuries. This can protect you from being held liable for significant amounts of money, for example. Dispute resolution: Include details of how any disputes will be resolved, such as mediation or arbitration, before resorting to legal action. You may also choose to include details of the jurisdiction and legal venue where legal disputes will be resolved if necessary. Termination conditions: Outline the terms under which either party can terminate the agreement and the notice period required for termination, as well as any fees or penalties that may arise with early termination. Crafting a freelance contract: step-by-step If you’re looking for tips on how to write a contract for freelance work, we’ve got you covered. Here’s how to write a freelance contract step-by-step, so you have everything you need to get started. 1. Title and introduction First things first, you’ll need to begin your contract with a clear and descriptive title, such as ‘Freelance Services Agreement’. Next, you’ll need to put together an introduction that outlines the purpose of the document and identifies the parties involved in the agreement. For example, you may write something along the lines of ‘This Freelance Services Agreement is made between [your name] and [client’s name], as of [date].’ 2. Scope of work The scope of work (SOW) section of a freelance contract sets clear expectations for both you and the client. You’ll need to detail the tasks, deliverables, timelines and responsibilities of the project, to prevent misunderstandings and ensure expectations are clear and understood. First, you should write a brief description of the project, as well as its objectives. What is the client looking to achieve? Explain how the work you’re producing will help them reach their goals. From there, you can go into more detail about the tasks you’ll be responsible for, such as ‘Write 20 blog posts of 1,000 words each.’ Make sure you also include the responsibilities of the client for you to carry out the work effectively. Perhaps you’ve agreed to weekly check-in calls, or for work to be reviewed within a week, for example. Finally, make sure you clearly outline what will be delivered at the end of the project, and on what date. Make sure you clearly explain how the work will be delivered, so the client knows what to expect and when. 3. Timeline Summarise the start and end dates of the project and the estimated completion date. Include any key milestones or deadlines both parties should be aware of and if these are negotiable. 4. Payment terms Make sure you clearly outline your payment rate, whether you charge an hourly rate, a flat fee, or per project. For example, you may choose to charge £30 an hour, or £100 per blog post. You’ll then need to write up your anticipated payment schedule, including due dates of invoices and acceptable payment methods. Should a client fail to pay you on time, you may choose to charge a late fee or penalty for delayed payments. If this is the case, make sure this is clearly explained in the contract too. 5. Revisions, changes and confidentiality You may also choose to include other elements in your freelance contract, including: Change requests: How will you handle change requests? You may choose to limit the number of amends you’re willing to action or ask that change requests be submitted within a certain time frame. Confidentiality clauses: Confidentiality clauses ensure that sensitive information shared when working together is protected. Make sure you define what constitutes confidential information, as well as any exclusions. NDAs: You may choose to include a non-disclosure agreement in your contract, or as its own standalone document. This lets clients know you won’t share their confidential information or trade secrets with others. Legal considerations in freelance contracts It’s vital that you get your head around the legal considerations in freelance contracts. You’ll need to ensure your contracts comply with local laws, for example, you’ll need to consider specific laws such as the Unfair Contract Terms Act 1977, which regulates contracts by restricting the operation and legality of certain contract terms. Another key legal concern to be aware of is the issue of intellectual property (IP) rights, as mentioned earlier. Employers generally have implied rights to freely use the material you create as a freelancer, but it’s vital this is clarified in your contract to avoid any issues. Can you use a template or should you seek legal advice? Whether you use a freelance contract template in the UK is completely up to you, but there are pros and cons to consider. Templates are often free and easily accessible to freelancers looking for a quick solution. Having a ready-made template can save you time, especially if you’re new to the freelancing world and want to get stuck in as soon as possible. They tend to cover standard clauses such as confidentiality, termination and payment terms. But there are some disadvantages to keep in mind - while templates can save you time and money, they may not include the specific needs of your industry and may miss out local laws or regulations you need to include. With this in mind, you may benefit from legal advice if the project you’re working on is complex or has significant intellectual property implications. Having an expert at hand can ensure the contract includes everything you need it to, to avoid potential loopholes. Starting a freelance business and need support? We can help Starting a freelance business could be life-changing, with financial and creative freedom at your fingertips. But getting started can feel complicated. Why not let us help take care of things? Our company formation service can handle the tricky stuff, with advice and support every step of the way. What are you waiting for? Apply to form your freelance business today . Recommended Readings How to Start an Online Business in 2025 Read More Starting a Business from Home - What You Need to Know Read More How to Set Up a Virtual Office Read More

Understand the key legal aspects of starting a business, from business structure and registration to licences and employment laws. 10 Legal Considerations When Starting a Business 15 min read Company Formations Table of Contents Categories 1. Choosing a business structure 2. Registering your business 3. Understanding business licences and permits 4. Complying with employment law 5. Protecting intellectual property 6. Understanding tax obligations 7. Complying with health & safety regulations 8. Data protection & privacy 9. Drafting contracts 10. Insurance requirements Launch your company with Start Up A-Z Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office So, you want to start your own business – good for you. And you have a smart idea – even better. Becoming an entrepreneur can be a rewarding journey in any number of ways. But as exciting as it can be, starting your own business also comes with a number of legal considerations you need to be aware of. Understanding these legalities can protect your business from risk and keep things running smoothly for you. Neglecting your legal requirements can result in fines, getting sued or even closure. With a little care and attention, you can avoid any legal pitfalls and concentrate on turning your business into the success it should be. So let’s walk through the ten essential legal considerations when starting a business . 1. Choosing a business structure To hit the ground running with your new venture, one of the first and most important steps is choosing the right legal structure for your business. This will affect your tax bills, your level of personal liability and the admin you need to complete to stay compliant. While there are many number of legal structures, in the UK, the most common are sole trader, partnership, limited company and limited liability partnership (LLP). If you choose to operate as a sole trader, you’ll have complete control over your business, but it also comes with unlimited personal liability. This means any debts or legal claims made against your business are your personal responsibility, putting assets like your house or car at risk. A limited company, on the other hand, offers the benefit of limited liability (hence the name) and your personal finances are treated as separate from those of your business. Limited companies need to be registered with Companies House, and are the most common structure for business owners looking for investment or with ambitions to be the next Elon Musk. Partnerships are another option, where two or more people share the profits and responsibilities) – or LLPs. These combine aspects of partnerships and limited companies to offer limited liability while retaining the flexible structure of a traditional partnership. With various options out there, you need to weigh up the pros and cons of each type of business structure before you make a decision. Take a look at our guide to self employed vs limited company for more information. 2. Registering your business Once you’ve decided which business structure you’re going with, you need to register it properly – failing to do so can land you in a heap of trouble. The registration process, which will differ depending on the structure you’ve chosen, is a key step in establishing your business as a legal entity. For sole traders, the process is relatively straightforward. You’ll need to register with HMRC to notify them that you’re self-employed and file a self-assessment tax return every year. As for limited companies, registering with Companies House will require a unique company name, a registered office address, and at least one director. During registration, you'll also need to outline a memorandum of association, which details the company’s purpose and structure, and the articles of association, which govern how the company is run. If your business is a partnership or LLP, you’ll need to register with HMRC for tax purposes as well, and it's highly advisable to have a formal partnership agreement in place to avoid disputes later on. 3. Understanding business licences and permits Depending on what kind of business you start (and the regulations of your local council), you may need to have necessary licences and permits. For example, if you’re opening a café or restaurant, you’ll need a Food Business Registration with your local authority, which will involve regular inspections to make sure you meet food safety standards. If your business involves playing music in public spaces, whether in a shop or restaurant, you’ll need a Music Licence (PPL PRS) to legally play music in your establishment (so that music you hear in the background at your local coffee shop isn’t free). There are also sector-specific permits, such as environmental permits for businesses that deal with waste or hazardous substances, and alcohol licences for selling alcohol. 4. Complying with employment law If you plan on hiring staff, you’ll need to familiarise yourself with the various employment laws that govern your responsibilities as an employer. Employment law in the UK is extensive to say the least, covering everything from employee rights and pay, to working conditions and anti-discrimination policies. Any business that hires employees needs to provide them with a written contract outlining their role, duties, hours, salary and conditions of employment. This contract needs to comply with UK law, providing statutory rights such as sick pay, holiday entitlement and pension contributions. Employers also need to comply with National Minimum Wage or National Living Wage regulations, as well as anti-discrimination practices. 5. Protecting intellectual property No matter what assets your business may have, chances are its intellectual property (IP) will be one of its most valuable – and it needs to be protected. Intellectual property may include your business name, logo, product designs, inventions, and even your website’s content. Without the proper protections in place, your competitors could simply rip you off. To stop this from happening, there are various intellectual property protections available: Trademarks safeguard your brand’s name, logo and other symbols that distinguish your products or services from others. Filing for a trademark with the UK Intellectual Property Office means no one else can legally use your business identity without your permission. Patents protect inventions, processes, or any new products you create. If your business develops a unique product or technological innovation, a patent prevents others from making, using or selling your invention for a set period of time. Copyrights , on the other hand, cover original works such as written content, music, designs or software. Registering your copyright ensures your creative works are legally protected. 6. Understanding tax obligations Every business in the UK, regardless of its size or structure, needs to register with HMRC, file annual returns, and pay the appropriate taxes . Failing to meet these obligations can result in fines, penalties, and investigations. If you’re a sole trader, you’ll need to register for self-assessment and file a tax return each year, after which you’ll be taxed on your profits (minus allowable business expenses). Limited companies are required to pay corporation tax on their profits, as well as submit annual accounts and a company tax return to HMRC. In addition to corporation tax, you may also need to register for VAT if your business’s turnover exceeds the VAT threshold of £85,000. VAT is charged on most goods and services, and you’ll need to submit quarterly VAT returns to HMRC. You’ll also be responsible for paying National Insurance contributions, both for yourself as a business owner and for your employees. Working with an accountant could save you a lot of headaches when it comes to tax, as well as potentially saving you a lot of money in the process. 7. Complying with health & safety regulations In accordance with the Health and Safety at Work Act 1974, businesses need to conduct comprehensive risk assessments to identify potential hazards and implement measures to reduce accidents in the workplace. These measures can include engineering controls, administrative changes or providing personal protective equipment (PPE). If you have five or more employees, you need to have a written health and safety policy detailing your approach and responsibilities. Regular training on safe practices and equipment use is vital, and you must display the Health and Safety Law: What You Need to Know poster in your workplace. 8. Data protection & privacy As the online world has expanded, so have the data privacy laws that govern it. If your business is going to collect any kind of personal data – or even have cookies on its website – it needs to comply with the GDPR (General Data Protection Regulation). The GDPR mandates that data must be processed fairly and transparently, with explicit consent obtained from individuals. Businesses need to implement data protection measures like encryption and secure storage to safeguard against breaches (and if a breach occurs, it needs to be reported to authorities within 72 hours). Businesses also need to provide individuals with the right to access, correct or delete their data if they wish. With Meta having received a €1.2 billion fine in 2023 for breaching GDPR, data privacy isn’t something that businesses should take lightly. 9. Drafting contracts While verbal agreements may be sufficient when things are going well, if trouble appears (and it’s a lucky business that doesn’t encounter any), contracts are the best way to avoid disputes. They make sure there’s full and legally binding clarity in business relationships, specifying everything from the scope of work to payment details. That said, given the complexity of legally binding language, it’s a good idea to have a legal professional draw up your contracts to make sure they’re both meaningful and enforceable. 10. Insurance requirements You wouldn’t buy a home without buildings insurance, and you shouldn’t start a company without it either. While there are numerous types, some of the key policies you should think about include: Public liability insurance covers claims for injury or damage to third parties. If you’re a builder, for example, and accidentally drop half a tonne of bricks onto a nearby car, the vehicle's owner could make a claim to cover the cost of repairs. Employers' liability insurance is mandatory if you have employees, covering work-related injuries or illnesses. If one of your employees is hurt while operating machinery because of inadequate machine maintenance, poor training or a lack of protective equipment, you may be held liable. Property insurance protects physical assets from damage due to fire, theft or disasters. Professional indemnity insurance is important for service-based businesses, covering claims of negligence. From breaching confidentiality to delivering incorrect advice, indemnity insurance keeps you secure. Product liability insurance is necessary if you sell products, covering claims related to faulty items. For example, a customer claiming they got food poisoning by the business failing to meet food safety standards could land them in hot water extremely quickly. Launch your company with Start Up A-Z While the legalities of starting a business may seem daunting, with Start Up A-Z at your side, you have a trusted partner to guide you through every step. More than just offering company registration services, we deliver comprehensive advice on the legal aspects of how to set up a limited company. Whether you need help with business structure, licences, tax or anything else for that matter, our team provides personalised support tailored to your needs. Form a company with us today for free , and take your first step towards a rewarding new future. Recommended Readings Do I need an accountant as a limited company? Read More How to Start an Online Business in 2025 Read More Starting a Business: A Complete Guide Read More

Starting a cleaning business is a great idea if it's in demand in your area. This guide will take you through the steps required and what you need. Read more. A Guide to Starting a Cleaning Business in 2024 12 min read Beginner's Guide Table of Contents Categories Is a cleaning business really for you? What skills and qualifications do you need to start this business? What costs are associated with starting a cleaning business? Set a realistic budget for cleaning products Practical steps to start your cleaning business Research your area and find your market niche Having a business and marketing plan in place Check legal rules and regulations ISO certifications Chemical safety - COSHH regulations Forming your cleaning company Get the relevant licences and insurance Invest in the right equipment Decide how much you’ll charge Organising your clients How to get your first client Get a cleaning contract set up Bring your business idea to life Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office Do you know your bleach from your detergent? Are you known for getting stains out of anything? If you’re a cleaning connoisseur, starting a cleaning business could be the fresh start you’re looking for. The cleaning industry in the UK is experiencing significant growth - as of 2024, the sector is valued at nearly £59.8 billion , making it one of the ten largest industries in the country. What’s more, the number of cleaning businesses is also increasing with 75,565 companies operating in 2023, up from 73,655 in 2022 . This growth is driven by a demand for hygiene and cleaning services following the pandemic and the sector’s vital role in public health and safety. With this growing demand, there’s never been a better time to start your business. Perhaps you have a background as a residential cleaner, or you prefer larger projects as a commercial cleaner or industrial cleaner. Wherever your passion and expertise lie, starting a cleaning business could be the exciting, fresh start you’ve been waiting for. We’ve covered the ins and outs of how to start a cleaning business in our guide, including the average self-employed cleaner hourly rate in the UK. With this insight, you’ll know all the steps you need to take to get started, so you can embrace your new chapter. Is a cleaning business really for you? You’ll first need to decide whether starting a cleaning business is the right choice for you. While you may enjoy cleaning (nothing beats the feeling of a sparkling home, right?), there's a difference between cleaning your own home and cleaning for a living. Starting a cleaning business can open the door to financial freedom, flexible hours and an immense sense of pride. But there are some potential downsides to consider, such as cleaning products being potentially hazardous to your health, safety considerations like slipping and tripping, and working long hours. You may also spend a lot of time working alone which, depending on your preferences, may or may not suit you. Laura Dent, Director at SoFreshandSoClean says, ‘ Although business is stressful, especially in current climates, if you don’t love cleaning and the satisfaction it brings to not only you but your clients also, the teething issues may get the best of you. ‘ The first six months are always the hardest. Have a clear goal of where you want to take the business so you have obtainable goals to keep you focused. Being authentic in what you do will attract like-minded team members and clients. Be sure of yourself before expecting others to invest in you .’ There may be both pros and cons you need to consider, but nothing beats the feeling of starting your own business. So, what are you waiting for? What skills and qualifications do you need to start this business? While there aren’t any specific requirements or qualifications you need to start a cleaning business, you may want to brush up on your knowledge to show off your expertise. Gaining a qualification or certification, for example, won’t just look impressive to future clients, but can ensure you’re safe while working. Cleaning is a hands-on job, so learning about correct posture while cleaning can be helpful to avoid potential injuries, as well as how to lift heavy objects or boxes safely. It’s likely you’ll also be handling different types of cleaning products, some of which can be hazardous - so make sure you know how to protect your skin and hair from chemicals, and which chemicals you should avoid mixing, for example. If you’re planning on cleaning industrial spaces or offering specialist cleaning services such as fire damage cleaning or hazardous waste cleaning, you may need professional qualifications to enter this profession. Thankfully, there’s an array of training courses online to get your knowledge up to scratch. You’ll also get a certificate once you’re finished to impress your customers! What costs are associated with starting a cleaning business? How much it will cost to start your cleaning business will ultimately depend on the size of your business and the sector you’ll operate in. If you’re looking to start a domestic cleaning business, this shouldn’t require significant cash to get started, especially if you’re planning to use your clients’ cleaning materials. If you’re looking to operate in the commercial space, this may cost you more to get things up and running. You’ll likely need to invest in industrial equipment such as professional vacuum cleaners, trolleys and other materials, as well as a large van to move things around. Here are some costs to consider for starting your company: Equipment: You’ll need to decide whether you’d prefer to supply your own cleaning equipment, or use that of your customers. You may have products you prefer to use, which you know do the job well, but with this comes the cost of replenishing them when they run out. You could choose to play it by ear - some clients may prefer for you to use their own cleaning equipment, some may expect you to bring your own, and others may not have a preference. Insurance: While mopping, dusting and chemicals, accidents can happen. With the right business insurance, you’ll have peace of mind that should disaster strike, you’ll have the support to put wrong to right. Your policy should cover for claims made against you, such as accidental injury or damage, as well as employer’s liability insurance if you’re planning on hiring others to work with you. Set a realistic budget for cleaning products Be sure to do your research when it comes to the cleaning products you’ll use. What you use at home may not suit your client’s preferences. When it comes to your home, you may opt for whatever products are the best value, for example. But when it comes to your business, it’s important that you choose products that perform well, are high quality and aren’t going to irritate those with allergies, children or pets. With this in mind, be sure to shop around, ask for recommendations and don’t be afraid to ask new clients their preferences. Practical steps to start your cleaning business According to the British Cleaning Council, there are 1.47 million workers in the cleaning sector , which is around 5% of the UK’s workforce, so you’re definitely choosing a popular industry to be a part of! Ready to get started? Here’s a step-by-step guide on how to start a cleaning business in the UK. Research your area and find your market niche If you’re looking to make your mark in the cleaning industry, finding your niche is a great place to start. Is there something you can offer that competitors don’t? Is there a need for a particular service in your area that you could offer? Perhaps you’ll offer specialised cleaning like end of tenancy cleans, or emergency cleans when disasters strike such as a fire or a flood. Becoming an expert in a particular area can help you to stand out from the crowd. Faye McCann, Director of Biohazard Training , explains ‘ It's ⁠very important to have a niche. Mine was being an expert in Biohazard cleaning, and this got me known very quickly! ’ We’ve put together a list of some of the most common types of cleaning niches, to help you decide on your area of expertise and where to make your mark. Residential cleaning: Where you clean private homes - this includes tasks such as dusting, vacuuming, mopping and the general upkeep of living areas. Commercial cleaning: Cleaning for businesses and office spaces. Often involves tasks at a larger scale, such as cleaning floors, windows and communal areas. Industrial cleaning: You’ll clean industrial spaces such as factories and warehouses and are likely to need specialised cleaning equipment for this environment. Carpet and upholstery cleaning: Involves deep cleaning of carpets, rugs and upholstery, including stain removal, in both homes and commercial environments. Window cleaning: Focuses on cleaning both interior and exterior windows for homes, offices and commercial buildings. End of tenancy cleaning: More thorough, deep cleaning of rental properties before new tenants move in, to ensure the property is clean and presentable. Biohazard cleaning: The safe removal and disposal of hazardous materials, such as bodily fluids, chemicals and other hazards. Car valeting: Cleaning the interior and exterior of vehicles, including washing, waxing and vacuuming. Having a business and marketing plan in place While you could dive head-first into entrepreneurship, we wouldn’t recommend it. Instead, putting together a business plan can serve as a guidebook for your business - detailing your aims, plans for the future and your company’s objectives. You’ll have it to hand whenever you need it, to remind you of your goals and offer some determination when times get tough. Looking for how to write a business plan? Take a look at our business plan guide . If you’re looking to apply for a business loan, the bank will ask to see your business plan to understand what you’re looking to use the money for. Our guide to business loans covers this in more detail. As for getting your business’ name out there, having a marketing plan is a must. How will people know your business exists if you don’t promote it? From flyers to social media content, you can promote your expertise and encourage friends and family to spread the word too. Check legal rules and regulations If you’ve asked yourself ‘what licence do I need to start a cleaning business?’, we’ve got you covered. Here are some legal rules and regulations you’ll need to consider before you unwrap your Marigolds… ISO certifications While not essential, gaining an ISO certification can demonstrate your commitment to quality, which could help you gain and retain customers. By being ISO certified, you’re letting customers know you’re committed to performing quality work, and training any employees you have to the highest standards. Some ISO cleaning accreditations include: ISO 14401 Environmental Management: Shows your cleaning business is committed to protecting the environment. By meeting this standard, your business aims to reduce waste, use cleaning products correctly and comply with environmental regulations. ISO 45001 Occupational Health and Safety: Demonstrates your business has a strict health and safety management system in place to protect employees and clients. You’ll always consider the health and safety of staff on-site and undertake risk management. ISO 9001 Quality Management Systems: Businesses with this certification know the value of having a hardworking team who always does their best. You’ll aim to continually improve your services and ensure your clients’ needs are met. Your team will be reliable, you’ll be committed to excellent work and receive minimal complaints from customers. Chemical safety - COSHH regulations As a professional cleaner, you’ll likely work with hazardous chemicals at some point. Even if you prefer to use more natural cleaning products, you may have a job where only the toughest cleaner will do! The Control of Substances Hazardous to Health Regulations (COSHH) is the law requiring employers to control the risks from harmful substances. This means it’s your responsibility to handle, store and use chemicals safely so they don’t harm you, your employees or your clients. Using cleaning products safely isn’t just a legal requirement, it can also protect the health of you and your workers. Cleaning chemicals can run the risk of health problems such as asthma, skin irritation or even poisoning when used incorrectly. To adhere to regulations, you’ll need to carry out a risk assessment. This involves you assessing the places you’ll work, the cleaning products you'll use and identifying any risks that may occur. From there, you can determine the ways you’ll aim to keep you and your staff safe. Forming your cleaning company Think you’ve got what it takes to lead a thriving cleaning company? First, you’ll need to officially form your company, so your business is ready to roll. We’re not going to downplay things - starting a business can take a significant amount of time and money. It’s easy to let things get on top of you, which can leave you feeling overwhelmed. That’s where we come in. Instead of forming your business directly through Companies House, you can choose to form your business through SUAZ completely free of charge. We’ll cover the £50 incorporation fee on your behalf (no catch, promise), as we love nothing more than helping businesses like yours come to life. Being a part of your journey is what we love most. To make your business the best it can be, we offer several company formation packages , from free company formation to our Company Pro package which ticks all the boxes. With our help, you’ll have the reassurance that everything is taken care of. Get the relevant licences and insurance As mentioned, while you’re not legally required to hold a licence to become a professional cleaner, you may choose to expand your knowledge through a training course, such as the British Cleaning Certificate Course. Certified by CPD, you’ll learn all about the cleaning industry, how to use certain equipment and various health and safety measures. While you never expect to use it, insurance is designed to protect you when you least expect it. While some types of business insurance are optional, as a small business you’re legally required to take out employers’ liability insurance (EL). This covers your business should one of your employees claim they’ve suffered illness or injury from working for you. Without EL, you could be fined £2,500 for every day you’re unprotected - so it’s really not worth risking. Invest in the right equipment The equipment you’ll need for your cleaning business will ultimately depend on your preferences and business model. How much you’ll need to invest in your equipment can vary depending on numerous factors, including: The type of equipment: Naturally, different types of equipment have different price ranges. For example, a basic vacuum cleaner might only set you back around £50, whereas a professional industrial vacuum cleaner could cost you several hundred pounds. Higher-end equipment is likely to last longer, perform better and need less maintenance - saving you money long term. Brand: Some brands are naturally more expensive than others, so it’s worth doing your research and reading reviews to make sure you get the best product for your needs and your budget. Features: Look for equipment that ticks all the boxes for you to deliver the best possible service. Also consider factors such as portability, especially if you need to transport your equipment between jobs or cover large areas when cleaning. Quality: While investing in quality equipment may feel like a large investment up front, you’re likely to gain a better return on investment. High-quality materials such as stainless steel or heavy-duty plastics can withstand regular use without wearing out too quickly. Quality equipment is also likely to deliver better results, such as deeper cleaning power. For example, professional vacuum cleaners may have stronger suction than cheaper alternatives. Remember, the equipment you require to get your cleaning business off the ground is likely to vary depending on the cleaning niche you choose. For industrial cleaning, you’re likely to need a high-power, industrial vacuum cleaner, whereas a standard vacuum will do just fine for residential cleaning. For biohazard cleaning, health and safety is more important than ever - you’ll need to invest in sterile overalls and PPE to protect you. Whereas, for residential cleaning your clothing is less of a concern - as long as you’re comfortable and have your gloves at the ready. Here’s a list of equipment you may need: Vacuum cleaner with various attachments for different types of flooring Mop and bucket Dusters Sponges and microfibre cloths Dustpan, brush and broom Protective clothing such as masks and rubber gloves Cleaning brushes Disinfectant wipes Bin liners Various cleaners such as surface cleaner, toilet cleaner and glass cleaner Decide how much you’ll charge How much you’ll charge for your services will depend on several factors, from your level of experience and location, to the type of cleaning service you provide. You don’t want to overcharge and steer customers away, but try not to undersell yourself either! Laura explains ‘ We see a lot of new cleaning companies slash their prices to undercut others and gain business without truly understanding the costs involved long term. I would advise offering discounts for new business rather than lowering your prices as it won’t take you long to realise, you’re a busy fool and don’t have a sustainable company. ’ The cost of a cleaner varies significantly across the UK, from £12 an hour up to £23 an hour . Finding a niche can help you to grow your business and the more experience you gain, the higher price you can set. More often than not, the size and nature of the cleaning job can significantly affect the price you charge. For example, biohazard cleaners charge an average hourly rate of £20, with end-of-tenancy cleaners making an average of £22.50 an hour to spruce up rental properties. For residential cleaners who take on general house cleaning, you can expect to take home an average of £12.83 per hour. Be sure to do your research, find out the going rates in your area and ways you stand out against the competition. Organising your clients Once your business has taken off, keeping on top of your diary can feel like hard work. The more popular your business becomes, the harder it can be to organise your workload. How you organise your workday will depend on what you prefer, you could choose a scheduling system such as Google Workspace where clients can make a booking with you, or stick to manually organising your calendar. Make sure you keep a log of how long a job has taken so you bill clients correctly. How to get your first client Once you’ve set up your business, how do you go about getting customers on board? Here are some ways you could market your business and attract clients: Contact your network - perhaps a friend of a friend needs a cleaner Build an online presence - create an Instagram account for your business, promote your services on Facebook and look into SEO (search engine optimisation) to get spotted on search engines Attend industry events to grow your network Post a flyer through locals’ doors to advertise your services Faye McCann says, ‘ I secured my first few clients by promoting on Facebook and good word of mouth .’ Get a cleaning contract set up A cleaning contract outlines what you and your clients expect from each other. It’s there to clarify what services you’ll provide, when you’ll provide them and when a client needs to pay you. Having a cleaning contract can also help to resolve any disputes should they arise. Laura Dent explains her biggest pain point is late payments, which can be minimised with a contract in place. ‘ As we are a service-based business not product selling, we rely on payment after the service has been received. Clients paying late puts huge pressure on outgoings and it’s nearly closed us in the last 18 months. To overcome this, we welcomed a consultant to come into the business and streamline all our processes. ’ Some things you should look to include in your cleaning contract are: Your contact information Contact or billing number for you to keep track of clients Your list of services, their prices and how regularly you’ll perform them The types of equipment or products you use Your payment details Equipment expectations such as whether you’ll supply your own equipment or use your client’s Dispute resolution - how both parties will resolve any issues Date of termination - how long the document will be valid, whether the agreement can be extended and how much notice the client should give if they wish to terminate the contract Signatures - make sure both you and your client sign the contract Bring your business idea to life All great businesses start with an idea. We believe you have what it takes to make your dream a reality. After all, starting your own business can transform your life, offering you long-term financial stability and happiness too. Our professional company formation service can support you every step of the way, to give your cleaning business the best chance of success. What are you waiting for? Form your company today with SUAZ. Recommended Readings How to write a buy to let business plan Read More A Guide to Starting a Gardening Business in 2024 Read More Starting a Business: A Complete Guide Read More

Learn how to start freelancing with no experience with our actionable tips and advice, and find out which freelance jobs could be the best to pursue too. How to start freelancing with no experience in 2024 12 min read Beginner's Guide Table of Contents Categories Can I be a freelancer with no experience? 7 tips on becoming a freelancer with no experience 1. Identify your transferable skills 2. Create a strategy and pricing structure 3. Build your online presence and be active 4. Build a portfolio and grow your testimonials to show off your work 5. Find your first freelancing jobs 6. Connect with the community and team up with others 7. Research and expand your knowledge Best freelance jobs that require no experience Start your freelance journey with SUAZ Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office When looking to start a new career, it can be all too easy to let imposter syndrome get the better of you. But the only way to gain experience in a new field is to embrace the unknown. If you’re wondering ‘can you freelance with no experience?’ The answer is absolutely yes - how else are you going to share your skills and passion with the world? There are now a total of 2,046,000 freelancers in the UK - an increase of 11% since 2022. It’s easy to see why freelancing is on the rise - the benefits are truly unmatched. You’ll gain the flexibility to work wherever you like, the opportunity to share your passion and work on projects you truly care about. But as a newbie to the freelance world, you’ll first need to find freelance jobs with no experience. Below, we’ll uncover exactly how to start freelancing with no experience and some of the best freelance jobs with no experience for you to build a winning portfolio to grow your career. Can I be a freelancer with no experience? Think of it this way, everyone is a beginner at first. Having no experience in a particular field shouldn’t hold you back - everyone has to start somewhere! Chances are you already have transferable skills that you can apply to numerous freelance opportunities. Many freelance jobs don’t require extensive former experience to get started. Perhaps you’ll embark on freelance social media management, or you’re looking to give freelance copywriting a try. Before you embark on your freelance adventure, it’s vital that you have a strategic plan in place to improve your chances of success. With a proactive approach and determination, you can establish yourself as a freelancer and grow a loyal client base. 7 tips on becoming a freelancer with no experience We’ve put together a list of tips on how to start freelancing with no experience, along with expert advice shared by other, experienced freelancers. With these tips, you’ll soon be ready to embark on your new exciting chapter. 1. Identify your transferable skills If you have no direct experience in freelancing, identifying your transferable skills is vital. You may be surprised how many skills you already have that could be applied to a freelance position. For example, you may have great communication skills or be a problem-solving whizz. You can then take these skills and apply them to different freelance jobs - for example, strong communication skills are key for copywriting where you’ll need to explain complex ideas clearly and concisely. Giada Del Drago , Life Coach and Consultant, says, ‘The best way to identify transferable skills is to look back through your CV and see which skills you’ve used in different jobs. These can then be your professional strengths or even your USP.’ Recognising these transferable skills can be a great confidence booster and can also help pitch yourself to potential clients. Emma Georgiou , Executive Coach, Consultant and Trainer has shared the following tips for identifying transferable skills: Look at your CV and consider the experiences that you have. Consider what skills you acquired in each role e.g. problem-solving, leadership, coaching, technical abilities. This can be split into hard skills (knowledge / expertise) and soft skills (interpersonal and behavioural). Consult others around you – ask family, friends and former colleagues who know you well. They may be able to identify other skills that you have learned that may not be obvious to you. In the work setting you can also look at feedback you’ve received as part of reviews, as this often uncovers your skills. Once you’ve identified your list of skills, create a document with them in, and add to it once you learn something new. If looking for a new job, cross-check the job description with your skills list and look for alignment. 2. Create a strategy and pricing structure As a newbie to the freelance world, you’ll need to create a strategy and pricing structure that aligns with your personal goals, current circumstances and market trends. To begin with, you may choose to freelance alongside your current job or studies, allowing you to test the waters and decide whether you enjoy freelancing before fully committing to it. Initially, it’s worth prioritising building a strong portfolio of work and gathering client testimonials over making as much money as you can. You may choose to offer your services at a lower rate to begin with, to build a client base. As your confidence and experience grows, you can then adjust your pricing to reflect your expertise. Take a look at our guide to setting up a freelance business for more information on setting a price for your services. 3. Build your online presence and be active Building an online presence is crucial as a freelancer. You can use social media to shout about your successes, advertise your services and keep informed about the latest trends and developments in your industry. Networking platforms like LinkedIn can connect you with potential clients and other professionals, for you to attract new opportunities. Being active on platforms like Facebook and Instagram can help you market your services and connect with potential clients. Make sure you also prioritise creating a website that showcases your work and skills. Your website serves as a central hub and digital portfolio for your previous work, testimonials and contact information. 4. Build a portfolio and grow your testimonials to show off your work Your portfolio and testimonials are key components of your freelancer toolkit, there to prove your credibility and talent to potential clients. Take the time to put together a portfolio that showcases your best work - the more variety the better, to appeal to different industries. Testimonials are equally as important, as endorsements of your professionalism and quality of work from those who have previously worked with you. With no freelance experience, you may wonder where you’re expected to get testimonials from. Why not ask a previous employer or colleague for a recommendation to include on your website? Once you’ve got a client base to your name, you can request feedback once you’ve completed a project. 5. Find your first freelancing jobs Deciding to become a freelancer is one thing, but finding freelancing jobs is a different ballgame. There are numerous ways you can find your first freelancing gigs , both online and in person. Here are some ideas on where to start: Freelancing platforms: These are sites dedicated to helping freelancers find new projects to work on. Platforms such as Upwork and Fiverr are popular freelancing platforms to market your services, connect with potential clients and manage payments. Job boards: Job boards like Indeed and Reed often list freelance jobs. But unlike freelancing platforms, you’ll need to manage client communications and payments yourself. Cold pitching: Many shy away from cold pitching due to being left on read, but it can be a simple and effective way to build new connections and land yourself projects you’d otherwise miss out on. Before reaching out to a potential client, be sure to do the research first. Make sure you know about their business and that their values align with your own, so you sound genuinely interested in working with them. 6. Connect with the community and team up with others Freelance work can feel isolating at times, especially if you work from home. Joining a freelance community can provide you with a network of like-minded professionals who you can rely on and learn from. Your network may even share job opportunities and can recommend you to their network when they’re not available for a project. Taking advantage of a freelance community can help keep you motivated, offer emotional support where needed and help you grow and develop your skills. You’ll have an outlet to discuss any concerns you may have, people to bounce ideas off with, and a space to share knowledge as you advance in your career. 7. Research and expand your knowledge When starting out as a freelancer, researching and expanding your knowledge is crucial. The more you know, the stronger foundation you’ll have for your freelance business. First, research the industry you’re looking to operate in and the pain points and typical goals of potential clients. Next, research and keep on top of the latest trends and advancements in your industry to ensure you’re producing work that hits the mark. From there, you can tailor the services you offer to these needs and position yourself as a valuable asset to your clients. Best freelance jobs that require no experience Looking for the best freelance jobs with no experience? There are numerous fields you can explore that can make the most of your transferable skills. When it comes to the types of jobs out there, the largest occupational group for freelancers is those in artistic, literary and media occupations which now account for 16% of all freelancers . For those who prefer to work from home (or abroad!), there are plenty of freelance remote jobs with no experience out there that may suit you. We’ve compiled a list of some of the best freelance jobs with no experience below, for you to consider: Copywriter: You’ll find plenty of entry-level writing gigs on platforms like Upwork and Fiverr. The more you write, the better your work will become. Learning the basics of SEO and optimising your copy for search will impress potential clients. Virtual Assistant: If you’re an organised person who lives by to-do lists, you could use your skills to assist businesses with day-to-day admin tasks. These jobs may include email management, data entry and scheduling meetings. Virtual Assistant roles can often be done remotely. Social media management: You could help brands build their social media presence by managing their social media platforms, creating and scheduling content, interacting with followers and analysing performance. It’s likely you’ll be able to work remotely too. Graphic design: Perhaps you’re a whizz with Photoshop or naturally artistic, if so, becoming a freelance graphic designer could be for you. You can even use free or inexpensive tools like Canva to get you started. Why not build a portfolio of your designs to pitch to potential clients? Customer service: Customer service representatives provide email, phone or chat support to customers on behalf of a company. You’ll be there to provide support, answer questions and resolve issues. It’s likely you’ll have a stricter schedule than other freelance positions, but you may be able to choose your hours and work remotely. Online tutor: If you have a knack for a certain subject, you could teach it online. You can make your home your classroom through platforms like MyTutor and iTalki, allowing you to connect with students across the globe. This is a flexible freelance option, and a rewarding one too. Proofreader: If you have an eye for detail and a way with words, you could look to become a freelance proofreader. You’ll be sent content to review for grammar and spelling errors, and can often work remotely. Start your freelance journey with SUAZ Taking the leap into freelancing can feel daunting, but the benefits are certainly worth it. Chances are you already have plenty of transferable skills that can stand you in good stead for your freelance career. So, what are you waiting for? There’s no better time to make your business dreams a reality. Form your business today with SUAZ, and take the freelance world by storm. Recommended Readings How to Find Freelance Work & Respond to Enquiries Read More Sizing up freelance roles Read More A Guide to Writing Contracts as a Freelancer Read More

Advice from business and branding experts on the importance of getting your new business name right, including their top tips for naming your business. The Power of a Name - Expert Tips for Naming Your Business 9 min read Company Formations Table of Contents Categories How to come up with a business name Branding and marketing experts share advice on naming your business How powerful can a business name be? Factors to consider when choosing a business name What happens if you don't pick a strong brand name? Is there any psychology behind choosing brand colours? Should you include the type of brand in your business name? Should you choose a long or short business name? When should you rebrand a business? Should you choose a business name that is personal to you? The cost of a domain for new businesses Forming a company Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office One of the first steps in creating a business is choosing your brand name. This is how the world will know you and it’s therefore a pretty significant decision. Choosing a name is a big part of building your identity and making you stand out from the crowd, and it lets customers know what to expect from your business. So, where should you start? How to come up with a business name Choosing a business name can be tricky. So to help you decide the best title for your organisation, we’ve pulled in three experts to share their insights and advice. We’ll get onto this expert guidance in just a moment, but first, here are some initial questions to ask yourself when thinking about an ideal business name: Will the name limit your business? Avoid being too specific about your offering in your name, in case you later decide to expand or change your business’ focus. Does the name make sense for your business? Does the name indicate what you do? Some businesses opt for unusual, abstract names but these give less information to potential customers. Is it easy to remember? Shorter names are often better and it usually pays to avoid acronyms, hyphens and special characters. Is your name easy for people to spell? If not, you could end up repeatedly spelling it out for customers and suppliers, and risk people not finding you online. Does it sound good? Is it easy to pronounce? Does it have a nice ring to it? Is the name meaningful just to you? A random name with meaning only for you tells people nothing about your brand. Is the name visually attractive? Think about how your name will look on your website, on a billboard and anywhere else it might appear. Is the name (and domain) available? You can check that with our company name availability checker . Branding and marketing experts share advice on naming your business Here come the experts! Let’s quickly introduce you to the branding and marketing experts who’ve kindly shared their insights with us, to prove that they’re well worth listening to. Expert number 1 Daphne Diluce - award-winning international designer, brand expert, business strategist and co-founder of Roar Media Creative. Expert number 2 Chelsea Spencer - Head of Marketing, Fenn 1875 . Expert number 3 Andrew Burnett - founder of helleau® , a thought partner to self-aware brands. How powerful can a business name be? Daphne Diluce: ‘ In my experience, a business/brand name wields immense power when it resonates with a meaningful message that elevates and enriches its customers' lives. The true strength lies in what the name symbolises. I thrive on delving deep into this realm, crafting brand names that not only exude power but also find a permanent home in the hearts and minds of the customers.’ Chelsea Spencer: ‘ I’d say powerful but a lot of people at the start of their journey spend too much time on this instead of getting their product or service out to market fast to see if it’s even viable in the first place. At the start-up phase the aim is to see if it works – I’ve had clients in the past who’ve not even sold their first batch of stock but they’ve rebranded more than once and waste no end of money and time on the look and feel of their brand before even knowing if the product was good. Often I think it’s a mind-set thing either to do with perfectionism or procrastination. In some instances not naming your business or product can even help get over this until you’ve got some solid feedback on the product or service.’ Andrew Burnett: ‘ How often do brands change their taglines? How often do they update their logos? And, how often do they change their names? Names are what we use to share brands in conversation, they’re vital to the most powerful form of marketing; word of mouth.’ Factors to consider when choosing a business name DD: ‘ In my view, the pivotal elements in selecting a business name revolve around customer comprehension. It must convey what the business or service offers, enabling clients to envision and grasp its purpose. This profound understanding is the key to attracting the right, loyal clientele to the business, ensuring constant growth and success.’ CS: ‘Functionally – can you get all the domain and social handles of the brand name and have it the same, is there anyone else out there with a name like it (I’ve had clients in the past literally rip off other brand’s names just because they like it and then faced the repercussions on diminished marketing returns later due to confusion, overly competitive SEO / PPC). Once I had a client that launched a sub-brand, created all the marketing and products for it and only then realised the domain they wanted was taken but not being used – the person who had the domain then tried to sell it to them for over 50k (they’re a medium sized business so to them this was a lot) – which they ended up paying because they’d already invested and marketed so heavily. ‘Also, trademarks. A current client is setting up their brand and they wanted to call it after a well known product of a direct competitor – it had a trademark on it and before they engaged with me they were having packaging and a website created under this. As soon as I embarked on the project with them I put a stop to it because the potential fallback would have been disastrous. ‘The less functional – ease of pronunciation, spelling (doesn’t have to be a real word like monzo) but the more simple the better traction they tend to get.‘ AB: A good name is SCUMMY™: Short Consistent Unique Memorable Meaningful Your brand appropriate.’ What happens if you don't pick a strong brand name? DD: ‘ If founders don't pick a strong brand name, it can lead to several detrimental consequences for their business: Lack of recognition, making it challenging to stand out in the market. Confusion and difficulty communicating the business's offerings. Reduced trust and credibility among potential customers. Limited growth and diversification opportunities. Potential trademark issues and legal challenges. Missed marketing opportunities and weaker emotional connection with the audience. Negative associations and damage to the business's reputation. Higher marketing costs without guaranteed results. Difficulty attracting top talent. ‘I want founders to know, a strong brand name is crucial to avoid hindering growth, communication, and overall success for the business.’ CS: ‘Ability to market effectively, unnecessary competition on Search, Paid and Social like the above. Potential for trademark infringements. Ultimately it will become much more costly. Starting a new business and scaling is already hard so no need to make it harder for yourself along the way.’ AB: ‘The success of the brand. ‘If names don’t work they may be confused with other brands, be forgettable, have unavailable brand assets, and so on. ‘ Is there any psychology behind choosing brand colours? DD : ‘ Yes, there is indeed psychology behind brand colours. Colours can evoke specific emotions and associations, impacting how customers perceive a brand and influencing their decision-making. Colour associations hold immense power in branding and marketing. Understanding the psychology of colours is crucial when creating your brand materials. Here are some common colour associations: Red: Represents passion, energy, and urgency. It can create a sense of excitement and stimulate impulse buying. However, it may also be associated with warnings or danger. Blue: Symbolises trust, reliability, and calmness. It is often used by banks, technology companies, and healthcare providers to establish credibility. However, an excessive use of blue may feel cold or distant. Green: Associated with nature, growth, and health. It appeals to environmentally conscious audiences and represents balance. However, too much green may come across as bland. Yellow: Conveys optimism, happiness, and creativity. It grabs attention and is often used to highlight important elements. But excessive yellow can be overwhelming. Orange: Represents enthusiasm, confidence, and warmth. It can create a sense of friendliness and affordability. However, it might not be suitable for high-end luxury brands. Purple: Symbolises luxury, sophistication, and creativity. It is often used by beauty and wellness brands. But overuse may make the brand appear too exclusive. Black: Signifies elegance, authority, and power. It is often used by luxury brands. However, too much black can feel heavy.’ AB : ‘ Colours are not my speciality, however, if one colour is common in a sector it is easy to disrupt… ‘There are many blue banks, but the red one is Santander, for example. ‘ Should you include the type of brand in your business name? DD: ‘ I believe including the type of brand in the name can be a strategic choice with both advantages and disadvantages. On one hand, it provides clarity, helping customers quickly understand the business's offerings. It also improves SEO and discoverability online, making it easier for potential customers to find us. Moreover, it contributes to establishing a clear brand identity, especially in competitive industries, showcasing our niche and specialisation. ‘On the other hand, there are some drawbacks to consider. Adding descriptive terms may limit our future growth and diversification if we decide to expand beyond our initial offerings. It could also make the name longer and less memorable, while using generic terms might make us appear less distinctive among competitors. ‘In the end, the decision hinges on our specific goals, industry, and long-term vision. We must weigh the pros and cons carefully to choose a name that aligns with our branding strategy and resonates with our target audience. Whether we opt for descriptive terms or a more creative approach, the name should reflect our unique identity and aspirations for the brand.’ AB: ‘ Definitely not. ‘How many household brands include their sector in their name? Strong brands don’t add what they do in their names, try thinking of an example… ‘ Should you choose a long or short business name? DD: ‘ When it comes to branding names, it's crucial to make the right choice. Shorter names are generally preferred, but there are pros and cons to consider. ‘Advantages of Short Branding Names: They are better memorable, simple to pronounce and spell, and offer more versatility. ‘Disadvantages of Long Branding Names: They may have limitations in describing the business, potential lack of distinctiveness, domain availability challenges, and the possibility of misinterpretation. ‘To find the ideal branding name, it's essential to strike a balance. Consider the nature of the business, ensure clarity in the name's brevity, and emphasise the brand's unique identity. Ultimately, thoughtful consideration is key to choosing a branding name that aligns perfectly with your brand's vision and resonates with your target audience.’ CS: ‘ Depends on the goal of the business and the target audience. Hargreaves Lansdown compared to MoneyBox for example. Essentially do the same thing and also have a similar fee structure but they operate in different ways and to different target audiences. MoneyBox massively simplifies things like ISA’s and Funds but H&L still keeps an element of technicality about their content and website.’ AB: ‘Short names are generally easier to remember, and therefore easier to tell other people about Sector leaders tend to have short names. Again, try and think of an example of a long brand name…’ When should you rebrand a business? DD : ‘ A rebrand or rename can be a game-changer for your business, ensuring relevance and success. Consider it in these situations: Evolving Business Focus: Align your brand with the new direction as products, services, or audience change. Brand Perception: Distance yourself from negativity and rebuild a positive image. Mergers and Acquisitions: Unite companies with a new cohesive identity reflecting combined values. Legal or Trademark Issues: Avoid complications by renaming if facing trademark challenges. Market Saturation: Stand out in competitive markets with a revitalising rebrand. Outdated Image: Modernise your brand for renewed audience appeal. Expansion into New Markets: Adapt your identity for cultural sensitivity in global markets. Negative Customer Perception: Rebuild trust and enthusiasm by addressing feedback. ‘Overall, a rebrand or rename can be most beneficial when there is a clear need to realign your brand with your business's current goals, values, and market positioning. However, it's essential to approach this decision thoughtfully, conducting market research, seeking customer feedback, and consulting with branding experts to ensure a successful transition and positive impact on your business. I love all parts of the branding process, creation and seeing my clients thrive!’ AB: ‘ Only if you really, really, have to should you think of renaming. If your reputation is bad, change the behaviour that led to the reputation, not the name. There are very few instances where changing a name is a good idea.’ Should you choose a business name that is personal to you? DD: ‘Choosing a brand name that is personal to you can be both a rewarding and challenging decision. ‘Pros of a Personal Brand Name: It allows you to showcase authenticity, reflecting your identity and values, which can create a genuine connection with customers. Your personal touch can evoke strong emotional appeal, fostering loyalty among your audience. Moreover, a personal name sets your brand apart, granting it a unique identity that customers are more likely to remember. Additionally, using your name provides an opportunity to share your personal story, adding depth and meaning to your brand. ‘Cons of a Personal Brand Name: It might have limited scalability, restricting future expansion if you plan to grow the business beyond yourself. People may also interpret the brand differently based on their opinions of you, which can lead to misperceptions. Furthermore, using a personal name may appear ego-centric to some customers, potentially alienating them. Lastly, if the business faces challenges, it could impact your personal reputation associated with the name. ‘To make the best decision, it's essential to consider the balance between personal attachment and the long-term goals of your brand. Think about how a personal name aligns with your vision and how it will resonate with your target audience. Remember, your brand name should reflect your values and aspirations, setting the tone for your business journey.’ CS: ‘ For me I’d rather have a name that either meant something to the customer base or was indicative of the business. I like Klowt for personal branding and Gym Shark for the gym. Then there’s the more abstract ones like Grenade for supplements and protein and Apple for tech which can work well too. I also think it a founder is too personally invested it can become detrimental and cause bottlenecks to getting MVP out and starting the feedback / iteration loop process – look at Nike and how the founder wasn’t a fan of the logo at first but they didn’t let it hold up the process of getting product out there. In a way it’s the same with a name. If it comes to it, once you’ve launched and know you have a viable product or service that sells, you can refine the brand and even rename later down the line if needed.’ AB: ‘If the name works it doesn’t matter if it is personal to you or not. Names with personal attachment can mean that objectivity goes out the window when choosing a brand name. ‘It doesn’t matter if you like it or not, only if it works or not; Ron Knight didn’t like “Nike” when it was presented to him – ask him now if he likes it.‘ The cost of a domain for new businesses Once you've chosen the perfect name, you’ll probably be keen to register a domain to start building your online presence. But which domain type will you choose - for instance, .com, .io or .net? Your business type should inform this decision - for example, .edu is used for educational institutions, .net is used for network technology companies and .gov for government agencies. Many British commercial businesses use .com or .co.uk, but there are more specific options too, such as .shop or .fun. As well as your business type, you should consider cost, because the price of these domain extensions can vary a lot! You can learn more about the cheapest and most expensive domains to buy in these graphics. Data from 123reg Forming a company When you have a company name you’re set on, you need to form a company with Companies House. It may seem complicated but with a little time and effort, you can register your company name and take the next step towards being your own boss. Or, if you’d like to make things even easier, you can have a company formation agent do it for you. At Startup A-Z the process is a piece of cake . All you need to do is: Check the availability of your business name Choose a company formation package Enter some information about yourself and your company Check out Oh, and we offer this service for free ! We can do this because our business model is based on offering additional, optional services such as virtual office solutions. Read more about free company formations right here. Use our free company name checker now to see if your ideal brand name is available. Recommended Readings A Guide to Starting a Gardening Business in 2024 Read More Starting a Business from Home - What You Need to Know Read More How Difficult is it to Start a Business? Read More

Following price rises to incorporate a Limited company in May 2024, Companies House have announced further fee increases from the 1st of February 2026. Companies House Fee Increases 2026 | Start Up A-Z 3 min read Company Formations Table of Contents Categories Companies House fee increases from the 1st of February 2026. What did Companies House say? What are Start Up A-Z doing? New Company Formation Fees Beat the fee increases and Form a Ltd Company for FREE Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office Following price rises to incorporate a Limited company in May 2024, Companies House have announced further fee increases from the 1st of February 2026. This means the fee to incorporate a company will rise to £100. Considering fees were £12 just 18 months ago, it’s another tough blow to start-ups and small business owners. Whilst Companies House have justified increases to filing fees in the past, the recent justification for doubling company formation fees is no different from last year. Clearly, the costs of rolling out changes due to the Economic Crime and Corporate Transparency Act have added to the workload of the government registrar. However, doubling fees will leave many in the startup ecosystem wondering if further increases are on the horizon. The Companies House Press Release states: "The work we’re doing at Companies House, funded by our fees, is creating a transparent marketplace that boosts economic confidence and disrupts economic crime by taking robust action to prevent criminals from abusing the UK’s corporate structures, giving legitimate companies the assurance they need to do business in the UK." At Start Up A-Z, we want to focus on the impacts of these changes on new and prospective small business owners. In a world of rising costs, the UK has always had a reliably cost-effective system when it comes to starting and administering a business. We worry that this is changing and further changes, especially in the upcoming budget, will further dissuade people from starting companies. There is only certainty in what we know right now. That Start Up A-Z is the only place in the UK to form an LTD company for free. This means, at the moment, we absorb Companies House charges, so that you are able to form a company and start your new business for the least amount of money possible. It’s our vision that business ideas can be tested and proven cost-effectively. We worry that Companies House no longer share that vision. Company incorporation and registration fees Transaction Channel New fee Incorporation Digital £100 Incorporation (same day) Software £156 Incorporation Software £100 Incorporation Paper £124 Registration under s1040 (Part 33 Chapter 1) CA06  Paper £124 Re-registration of a company under Part 7 CA06    Paper £124 Re-registration of a company under section 651 CA06    Paper £124 Re-registration of a company under section 665 CA06    Paper £124 Confirmation statement Digital £50 Confirmation statement Software £50 Confirmation statement Paper £110 Change of name (same day) Digital £85 Registration of a charge   Digital £14 Voluntary strike off Paper £18 Voluntary strike off Digital £13 Reduction of share capital of a company under s644 CA06 (same day)    Digital (upload service) £89 Reduction of share capital of a company under s644 CA06   Paper £20 Reduction of share capital of a company under s644 CA06    Digital (upload service) £20 Reduction of share capital of a company under s649 CA06 (same day)    Digital (upload service) £89 Reduction of share capital of a company under s649 CA06   Paper £20 Reduction of share capital of a company under s649 CA06 Digital (upload service) £20 Administrative restoration Paper £341 Application to make an address unavailable for public inspection  Paper £34 To see the full table of fees, see here: Changes to Companies House fees - Changes to UK company law Beat the fee increases here: Form a Ltd Company for FREE Recommended Readings