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- Virtual Office in Birmingham UK from £9.99 | Start Up A-Z
Looking for a virtual office in Birmingham? SUAZ provides a prestigious business address without the need for physical space. Start your FREE trial today. Build trust and protect privacy with a Birmingham Virtual Office from £10 +VAT Our virtual office plan in Birmingham gives you all the cool stuff you need to make your business look amazing, for way less money. Select a Package Take a Virtual tour of the Office Annual Package - £100 +VAT /year (Save 16.6%) Pay Monthly Pay Annually +VAT /month Basic Package £10.00 For new businesses who want to make a great first impression with a prestigious address. Order Now Registered and director service address that can be used for website, social media, and marketing materials Unlimited digital mail forwarding of statutory mail Up to 2 items of digital mail forwarding of business-related mail per calendar month Weekly mail pickup service +VAT /per year Basic Package £100.00 For new businesses who want to make a great first impression with a prestigious address. Order Now Registered and director service address that can be used for website, social media, and marketing materials Unlimited digital mail forwarding of statutory mail Up to 2 items of digital mail forwarding of business-related mail per calendar month Weekly mail pickup service What our clients say about us 95% of clients would use us again 99% customer satisfaction rate 60% average reduction in costs for new clients within the first year A look inside our Birmingham address. Birmingham is the UK’s startup capital, with a thriving tech cluster! It's the perfect place to launch your dream and be part of something exciting. By choosing a virtual office address in Birmingham, you'll be right in the center of the action. Located at High Street Bromsgrove, our office building is tough to miss with its impressive three-storey Georgian-style exterior, situated in a private gated compound alongside other professional businesses. With meeting rooms, a manned reception, and lively social spaces, it’d be tough to find a better place for your new business to call home. Office Address: 132A High Street Bromsgrove B61 8ES Phone: 0330 320 1929 Email: help@suaz.co.uk What can you get from our virtual office in Birmingham? For low monthly or annual fees , you’ll get: 01 An all-in-one professional business address Impress everyone with a fancy business address that helps people find you online more easily in Birmingham. This can make your business seem more established, even if you're just starting. 02 Efficient and convenient mail handling We'll take care of your mail by giving you one platform to receive it digitally. When your mail reaches us, we scan them and send them straight to your inbox, so you’ll get notified no matter where you are. 03 Top-notch meeting rooms Need to hold an important meeting? Access to awesome meeting rooms, with super-fast internet, comfy ergonomic chairs, and a setting with the comfort of a good work environment 04 Access to unlimited business add-ons Startup A-Z gives you more than just virtual offices. Our team can connect you with reliable people who offer other business services you might need. Like a virtual receptionist to handle calls, a local phone number for a polished touch, marketing expertise to amplify your reach, and a lot more. Why choose SUAZ for virtual office services in Birmingham? We’d like to think we have what it takes to meet your virtual office needs. Here are some reasons why you should choose SUAZ to secure a virtual office address. We keep your mail organised in one place: We keep your mail safe and easy to find, both online and in person. No more searching through stacks of paper or wondering if you missed something important. We’re always here to help: Do you have a question about virtual offices or anything business-related? We're just a phone call or email away, ready to answer anything you ask. We want to make sure you have everything you need. We’re affordable for the benefits that you get: You don't need a lot of money to have a professional presence. Our virtual office gives you the best value for money, so you can save on rent and invest in other areas of your business. Get a prestigious address with good SEO geolocation: Our address belongs to sought-after locations in Birmingham. This can help your business rank higher in search engines when people look for businesses in your area. It makes it easier for people to find you online, which can lead to more customers. The 4-step onboarding process Birmingham Virtual Office offers a very simple, quick and convenient onboarding framework for our customers who need a virtual office. The good news is — you can do all these online! Why Choose Start Up A-Z? About UK Company Formation In the UK, we use the national registrar of companies, Companies House, to form new businesses. You can do this yourself, using the Companies House website found here. It costs a one-off £12 filing fee to form your company and subject to checks, your business will be formed, usually within 48 hours. Why Choose a Formation Agent? Customer Service Most Company Formation agents are here to help and advise you, as a customer you have a right to be treated with respect and understanding through, what can be, a complex and daunting process. Extra Perks You’ll be given a few freebies and introductions alongside your company formation to introduce you to businesses and products or services that can help your company thrive. Easy Process Most formation agents have perfected the process to enable Companies to be formed in as little time, and as few clicks as possible. It’s in our, and your, interests to make the process quick and concise. Why Choose Start Up A-Z? We make things simple. With Start Up A-Z, your application can take as little as two minutes. Why? Because we make some fair assumptions along the way. We know our customers aren’t big, complex companies, they are small and starting, often meaning that a lot of the information that lengthens the Companies House process is not applicable. We support. Not only do we give help and advice to you during your company formation, but also into to the future, as you need it. We and our partners are here to be the reliable foundation stone of your business. This means your calls and questions are just as welcome on day one-thousand as day one. Should I be a Limited Company or a Sole Trader? Limited Company As a limited company, you enjoy limited liability which protects your personal assets. Unlike sole traders, a limited company is legally separate from its business owner, who has limited liability. Having 'limited liability' status means the company is an entity in its own right. This has several advantages. Assuming no fraud has taken place, 'limited liability' means you will not be personally liable for any financial losses made by the business. A limited company can give you added protection, should things go wrong. Because a limited company is a distinct entity from its owners, it may be a little easier for a company to secure business loans and investment. A limited company may benefit from tax advantages. You would be advised to seek professional help to make maximum use of the rules and regulations with regard to pensions, dividends and car ownership. Sole Trader A sole trader is somebody who runs their business as an individual, they are the sole owner of the business and any profit after tax is theirs. However, as a sole trader, you will be personally responsible for your company's debts, so your personal assets could be at risk. How do I start a Limited Company? Companies House The first thing you need to know when starting a limited company is who Companies House are. Companies House are a UK government executive agency who register UK company information. This means that they are the body that incorporates, dissolves and publishes information on all UK companies. Key Responsibilities: incorporate and dissolve limited companies examine and store company information make information available to the public What is a Limited Company? Limited by shares companies are usually businesses that make a profit. This means the company: is legally separate from the people who run it has separate finances from your personal ones has shares and shareholders can keep any profits it makes after paying tax At Start Up A-Z, we only form Limited Companies, making your options as a new business extremely straightforward. We believe that a Limited company is usually the best option for those new to business and have made a concerted effort to make the process as easy as possible. Our Simple Process Choose a company name and check if it's available. We form Ltd and Limited companies. Enter your personal information so we can add you as the companies director. Your director information will be on Companies House. Enter your company information. This will also be submitted to Companies House and be available online. Review your application and make sure everything is correct. We'll submit your application to Companies House and your company will be formed. Should I be a Limited Company or a Sole Trader? Limited Company As a limited company, you enjoy limited liability which protects your personal assets. Unlike sole traders, a limited company is legally separate from its business owner, who has limited liability. Having 'limited liability' status means the company is an entity in its own right. This has several advantages. Assuming no fraud has taken place, 'limited liability' means you will not be personally liable for any financial losses made by the business. A limited company can give you added protection, should things go wrong. Because a limited company is a distinct entity from its owners, it may be a little easier for a company to secure business loans and investment. A limited company may benefit from tax advantages. You would be advised to seek professional help to make maximum use of the rules and regulations with regard to pensions, dividends and car ownership. Sole Trader A sole trader is somebody who runs their business as an individual, they are the sole owner of the business and any profit after tax is theirs. However, as a sole trader, you will be personally responsible for your company's debts, so your personal assets could be at risk. What do I do after Company Formation? Firstly, Congratulations! If you're reading this you've probably formed a company and are looking for your next steps. It's important at this point to pat yourself on the back! You've formed a business, taken a step to personal improvement and opened up a world of opportunities. From everyone at Start Up A-Z and Business Support Club, well done! What Comes Next? You'll now need to consider what your business needs to do in order to trade legally in the UK and beyond. We'll highlight a few key areas, but we strongly recommend using the following Companies House tool to work out your next steps. Consider VAT - Are you going to turn over more than £85,000? If so, you will need to register for VAT Corporation Tax - All Businesses must register for Corporation Tax within the first 3 months PAYE - Are you planning on taking on employees? If so, you'll need to register for PAYE Licenses - What licenses do you need to run your business? Insurance - It's likely that your new business will need insurance. You can find insurance brokers on Business Support Club Grants/funding - How are you going to fund your business? There may be government help if you seek it Use The Checklist We highly recommend using the Companies House checklist. It's packed with information and will tell you all you need to know about the next steps, no matter what your business. How do I set up business bank accounts? Let's get straight to it After forming a company, one of the first things most people do is apply for a business bank account. Doing so straight away as a smart move! While you can trade through director loans and using your personal account, in practice, it's always much easier to use a business bank account. Remember, a Limited company is a separate entity, it's best to operate with that in mind. What do we recommend? You have lots of options these days when it comes to business bank accounts. The high street is competing for your custom with new online rivals. We reccomend that the quickest way to get an account open is to use your personal provider, applying for a business account through them. Having said that, there are plenty of alternatives. Consider avoiding... You should know that applying to a high street bank that you do not already have a relationship with can be a long and frustrating process. Similarly, some firms, claiming to offer business bank accounts only offer limited services through a prepaid card. Many also don't like accepting international payments so it is important to know what the limitations of the bank you are applying to are. Especially if they are a neo online bank provider. The bottom line We recommend: Setting up your account ASAP Choosing a business you already know Researching the online offerings Applying for a bank account with a good promotion How do Ready Made Companies Work? Choosing to form a new business and sourcing suppliers can lead to let-downs, dead ends & delays. A Readymade Company is pre-registered, just waiting to be transferred into your name and allowing you to start trading TODAY. Is a registered office address required by law? Yes, UK limited companies are required by government bodies such as Companies House to register an address for the receipt of official communications. By subscribing to one of our plans, you can use our Manchester address as your registered office address, establishing a credible business image while keeping your personal address private. Will you receive and forward all my mail if I become a member? All our membership plans include receiving, scanning and digitally forwarding official and statutory mail. Receiving and forwarding of business mail such as invoices and supplier communications varies depending on your chosen plan. Click HERE to see more information on our membership plans. What is the difference between statutory mail and business mail? Official government mail includes post from the following UK governing bodies: • Companies House • HM Revenue & Customs (HMRC) • HM Court documents (including Tribunals Services and Sheriff Court) • Office for National Statistics (ONS) • Information Commissioner’s Office (ICO) • Department of Work & Pensions (DWP) • UK Government Gateway • Intellectual Property Office (IPO) • Ministry of Justice (MoJ) • The Pensions Regulator (TPR) • The Insolvency Service • UK Border Agency How can I become a member? 1. Choose the plan that best fits your business and subscribe. You will be directed to the business support club platform where you can avail of our services. Fill in the required details and choose your preferred payment method using PayPal or Stripe. 2. Once you have successfully paid, your account will be set up. We will send you a simple questionnaire to inform us of your company details and personal details. You will also be required to supply photo identification and proof of address. After completing the information needed, we will notify you that your account is set up and activated. 3. You will receive a confirmation email with the address you can use. Then, change your registered office address on Companies House HERE or through post. Statutory mail will then be received at our address and forwarded to you. For more advanced plans, business mail will also be received and forwarded to you. Alternatively, you can also subscribe to a plan by contacting us at 0330 320 1929 or sending us an email to help@suaz.co.uk. We can also gladly assist you by appointment should you prefer to visit our location at Bartle House, Manchester. Are your plans flexible? Yes, at SUAZ we make it easy to upgrade your plan by providing add-on options for any excess mail when you need it. For inquiries and requests, you can contact us at 0330 320 1929 or send us an email to help@suaz.co.uk. We can also gladly assist you by appointment should you prefer to visit our location at Bartle House, Manchester. Can I use my virtual office address as a Director Service Address? Yes, our premium plan includes one (1) use of our address for the director or officer of your company. Anyone registered as a director or officer of a UK limited company must be prepared to give a correspondence address that will be visible on the public register. To use our address as your Director Service Address, subscribe to our premium plan HERE. How can I change the Registered Office Address of my company? You can change your registered office address online or by post. You can sign into the Companies House Webfiling service HERE or submit an AD01 form by post. You must complete the change within 14 days the change took place. What IDs and documents do you require to subscribe to any membership plan? At SUAZ, we see to it that we comply to Anti-Money Laundering (AML) and ‘Know Your Customer’ requirements and regulations. We will need a proof of ID and proof of address to proceed with your application which can be as follows: Proof of ID: • Passport • Photocard driving licence • Government-issued ID card Proof of address: • Utility bill • Bank statement • Mortgage statement How long is your contract? Our contract length PLACE HERE …Please note that we do not automatically renew your contract at the end of the term. However, we will send you a renewal notice email one month before the term ends. Can the SUAZ virtual office address be used on my ‘Google My Business’ profile? We do not have services for this at the moment. However, other business directories may allow its use as your business address. Do you have a virtual receptionist to answer my business calls? As our virtual office packages currently do not include a virtual receptionist, SUAZ offers a virtual receptionist with a separate plan. You can click HERE to know more about our virtual receptionist services. Can I hold physical meetings at your location? Yes, if you have subscribed to our premium plan, you get access to our meeting room for 30 minutes per calendar month. Additionally, with our professional plan, you get a sign-up bonus of 1 hour use of our meeting room. The meeting room can accommodate up to (how many pax?) PLACE HERE Why do I need a Registered Office Address? UK limited companies are legally required to have a UK registered office. Our registered office service covers use of our address for official government mail only. This address cannot be used for general business correspondence, for which you must also purchase our Business Address Service (Our Virtual Business Plus package covers both official and business mail). Using a Registered Office Address has the added benefit of protecting your personal address from appearing on the public register. What is included as official mail and is mail forwarding free? Official government mail includes post from the following UK governing bodies: Companies House HM Revenue & Customs (HMRC) HM Court documents (including Tribunals Services and Sheriff Court) Office for National Statistics (ONS) Information Commissioner's Office (ICO) Department of Work & Pensions (DWP) Government Gateway Intellectual Property Office (IPO) Ministry of Justice The Pensions Regulator (TPR) The Insolvency Service UK Border Agency How does the Telephone Answering Service work? We will give you a London (0203) phone number which you can either use as your own number or you can divert calls to it when you are busy. When your number is called, we answer it in your company name. We then let the caller know that the extension is busy, you are in a meeting or calls are going to voicemail (or anything else as instructed by you). We will take a message and their contact information, which are all immediately uploaded to your online admin account and sent to you by email and via the MYCO smartphone app. What's included in the Document Filing service? We can file your yearly confirmation statement directly with Companies House. It's is a legal requirement which can be done by you, or we’ll take care of it on your behalf to save you the hassle. We’ll also send ongoing reminders yearly to make sure you don’t forget. 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. What kind of company can you set up? Here at SUAZ, we form limited companies. Operating as a limited company can give your business credibility and your customers confidence in your business. And once your company name is registered as a limited company, it's protected by law and no one else is allowed to use it. As for the industry or nature of your company, the choice is yours - all we ask is that your company has only a single director. Why should you set up a company? Setting up your own business can be life-changing. When you’re your own boss, you’ll be motivated to do the best work possible and make your work life exactly how you want it. You’ll be in charge of your work-life balance, can follow your passion and fulfil what may be your life-long dream. And while it may take a while to get your company off the ground, you’ll be working towards complete financial independence and security. With SUAZ, you’ll have all the support you need to set up your company quickly and successfully, knowing that you’ve got experts at hand. Can you set up a company on your own? You can set up a company on your own through Companies House. It costs a one-off filing fee of £12 to form your company and should all be approved, your business will usually be formed within 48 hours. Using a company formation agent like SUAZ can alleviate any stress or confusion that comes with starting a business. We can take care of everything for you and give you the support and guidance you need, so you can focus on making your business dreams a reality. What support is available after you’ve set up your company? We’re not only here during your company formation process. We’re here when you need us every step of the way, as and when you need a helping hand. Whether you have a question about your business, or have misplaced one of your documents , we’re always at the end of the line. What else do you need to start a business? What you need to get your business up and running will ultimately depend on the nature of your business. Once your company is formed, your next steps are: Checking if you need any licences or permits Making sure you have the right type of business insurance Sorting out your business’ address - if you’re looking to avoid the cost and maintenance of renting an office space, our virtual office address service may suit you Organising your business’ finances - with our Company Pro package you’ll get a Trilogy Business bank account to get you started Can you close your company down if you change your mind? It’s always a good idea not to rush into starting a business - make sure you’re both mentally and financially ready. If you have any doubts, feel free to get in touch with us and ask any questions before you jump into any decisions. But if you change your mind and decide it isn’t the right time to start your business, you’ll have the option to dissolve it - you’re only human after all! Just let us know and we can help you dissolve your company for £24.99. Can you set your UK company up from abroad? Unfortunately, our service is only being made to UK residents. As part of the formation application, you will be required to verify your identity and confirm your residence in the UK. Can you help with startup finance? If you’re looking to start your own business, you’ll know that it can take a significant amount of money to get it off the ground. Instead of applying for a bank loan and waiting for it to be approved, or dipping into your hard-earned personal savings, you can give your business the financial boost it needs to thrive with Start Up A-Z’s fixed-rate finance. Take a look at how our startup finance can help your business to grow. What should you list as your company address? When starting a business, you’ll need to decide where your place of work will be. For new businesses just starting out, it can be costly and often unnecessary to rent and maintain an office space. But having a company address can help your business to establish a professional image from the get-go. If you’re looking for a company address without the cost of renting an office space, our virtual office packages could be just what you need. Virtual office gives you a mailing address right in the heart of Manchester to help you establish a professional image, and maintain your privacy too. How do I book a meeting room? Our meeting rooms are bookable online via your account admin panel under the tab titled 'Meeting Space'. This tab will only appear if you are eligible to book a meeting room. You can also reserve a meeting space on the go by downloading our ‘MYCO Meeting’ app on Android or the App store. Bookings are not official until you have received a confirmation email from us. What are the partnership perks with Business Support Club? Search our extensive marketplace to source trusted local and national product and service providers, to help get your new business off the ground. Looking for... Branding experts? Certified accountants? Legal specialists? Stationary suppliers? Printers? Domain and email hosting? Web developers? They're all on BSC... plus more! Reduce your costs Save time and effort It's free and you'll love it! Frequently Asked Questions See all FAQs 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!
- Virtual Office in Manchester UK from £9.99 | Start Up A-Z
Looking for a virtual office in Manchester? SUAZ provides a prestigious business address without the need for physical space. Start your FREE trial today. Build trust and protect privacy with a Manchester Virtual Office from £9.99 +VAT Work anywhere, impress clients, manage mail - affordably and without compromise. Select a Package Take a Virtual tour of the Office Discover Our Virtual Office Packages in Manchester No fixed-term contracts. No hidden setup fees. Here, you can find comprehensive information about our virtual office packages designed to meet the needs of modern businesses in the UK. Whether you are a freelancer, startup, or established company, our virtual office services offer a professional presence without the overhead of a physical office. Pay Monthly Pay Annually /month + VAT Basic Package £9.99 For new businesses who want to make a great first impression with a prestigious address. Order Now Registered and director service address that can be used for website, social media, and marketing materials Unlimited digital mail forwarding of statutory mail Up to 2 items of digital mail forwarding of business-related mail per calendar month Weekly mail pickup service /month + VAT Professional Package £12.99 For growing businesses who want to take their address to the next level. Upgrade the basic package with enhanced mail forwarding. Order Now Registered and director service address that can be used for website, social media, and marketing materials Unlimited digital mail forwarding of statutory mail Up to 5 items of digital mail and post mail forwarding of business mail per calendar month Weekly mail pickup service /month + VAT Premium Package £24.99 Ultimate virtual office solution for businesses who demand the very best. With a regular mailing address, this is the perfect business solution for rapid-growing businesses. Order Now Registered and director service address that can be used for website, social media, and marketing materials Unlimited digital and post mail forwarding of statutory mail Up to 100 items of digital mail and post mail forwarding of business mail per calendar month Weekly mail pickup service 30 minutes use of our meeting room per calendar month /per year + VAT Basic Package £99.99 For new businesses who want to make a great first impression with a prestigious address. Order Now Registered and director service address that can be used for website, social media, and marketing materials Unlimited digital mail forwarding of statutory mail Up to 2 items of digital mail forwarding of business-related mail per calendar month Weekly mail pickup service /per year + VAT Professional Package £129.99 For growing businesses who want to take their address to the next level. Upgrade the basic package with enhanced mail forwarding. Order Now Registered and director service address that can be used for website, social media, and marketing materials Unlimited digital mail forwarding of statutory mail Up to 5 items of digital mail and post mail forwarding of business mail per calendar month Weekly mail pickup service /per year + VAT Premium Package £224.99 Ultimate virtual office solution for businesses who demand the very best. With a regular mailing address, this is the perfect business solution for rapid-growing businesses. Order Now Registered and director service address that can be used for website, social media, and marketing materials Unlimited digital and post mail forwarding of statutory mail Up to 100 items of digital mail and post mail forwarding of business mail per calendar month Weekly mail pickup service 30 minutes use of our meeting room per calendar month Which package is right for you? Which virtual office address package is right for you will ultimately depend on your circumstances and how much support you need to get your business ready to roll. Check it here What our clients say about us 95% of clients would use us again 99% customer satisfaction rate 60% average reduction in costs for new clients within the first year Take a Tour of the Office A look inside our Manchester address. If you’re looking to make your mark in the business world, there’s no better place than Manchester. Your virtual office address will be right in the heart of Manchester - one of the UK’s most vibrant and influential cities. Located at Bartle House, our office building is tough to miss with its impressive three-storey Georgian-style exterior, situated in a private gated compound alongside other professional businesses. With meeting rooms, a manned reception and lively social spaces, it’d be tough to find a better place for your new business to call home. Bartle House Office Address: Bartle House, Oxford Court, Manchester M23WQ Phone: 0330 320 1929 Email: help@suaz.co.uk What can you get from our virtual office in Manchester? For low monthly or annual fees , you’ll get: 01 An all-in-one professional business address Add prestige and credibility with a registered and director service address that screams established success. The same address can be used in your company’s letterhead, email footer, website, and a lot more. 03 Top-notch meeting rooms Meet clients, conduct meetings with business partners, or get the work done with our impressive rooms that offer you the comfort of a good work environment. Our amenities are fully equipped with everything you need for productive and professional gatherings, from high-speed internet to comfortable ergonomic chairs. 02 Efficient and convenient mail handling Never miss a document again as we give you one platform for receiving your mail digitally. When your mail reaches us, we scan them and send them straight to your inbox, so you’ll get notified no matter where you are. 04 Access to unlimited business add-ons SUAZ provides a team ready to assist you in providing not just virtual office solutions — but extra upsells, should you need them. Whether you need a virtual receptionist to handle calls, a local phone number for a polished touch, or marketing expertise to amplify your reach, our customer support is always happy to serve you. We offer trusted referrals for services we don't handle directly, making SUAZ your one-stop shop for business growth. Why choose SUAZ for virtual office services in Manchester? We’d like to think we have what it takes to meet your virtual office needs. Here are just some of the reasons why you should choose SUAZ to secure a virtual office address. The 4-step onboarding process Manchester Virtual Office offers a very simple, quick and convenient onboarding framework for our customers who need a virtual office. The good news is — you can do all these online! Why Choose Start Up A-Z? About UK Company Formation In the UK, we use the national registrar of companies, Companies House, to form new businesses. You can do this yourself, using the Companies House website found here. It costs a one-off £12 filing fee to form your company and subject to checks, your business will be formed, usually within 48 hours. Why Choose a Formation Agent? Customer Service Most Company Formation agents are here to help and advise you, as a customer you have a right to be treated with respect and understanding through, what can be, a complex and daunting process. Extra Perks You’ll be given a few freebies and introductions alongside your company formation to introduce you to businesses and products or services that can help your company thrive. Easy Process Most formation agents have perfected the process to enable Companies to be formed in as little time, and as few clicks as possible. It’s in our, and your, interests to make the process quick and concise. Why Choose Start Up A-Z? We make things simple. With Start Up A-Z, your application can take as little as two minutes. Why? Because we make some fair assumptions along the way. We know our customers aren’t big, complex companies, they are small and starting, often meaning that a lot of the information that lengthens the Companies House process is not applicable. We support. Not only do we give help and advice to you during your company formation, but also into to the future, as you need it. We and our partners are here to be the reliable foundation stone of your business. This means your calls and questions are just as welcome on day one-thousand as day one. Should I be a Limited Company or a Sole Trader? Limited Company As a limited company, you enjoy limited liability which protects your personal assets. Unlike sole traders, a limited company is legally separate from its business owner, who has limited liability. Having 'limited liability' status means the company is an entity in its own right. This has several advantages. Assuming no fraud has taken place, 'limited liability' means you will not be personally liable for any financial losses made by the business. A limited company can give you added protection, should things go wrong. Because a limited company is a distinct entity from its owners, it may be a little easier for a company to secure business loans and investment. A limited company may benefit from tax advantages. You would be advised to seek professional help to make maximum use of the rules and regulations with regard to pensions, dividends and car ownership. Sole Trader A sole trader is somebody who runs their business as an individual, they are the sole owner of the business and any profit after tax is theirs. However, as a sole trader, you will be personally responsible for your company's debts, so your personal assets could be at risk. How do I start a Limited Company? Companies House The first thing you need to know when starting a limited company is who Companies House are. Companies House are a UK government executive agency who register UK company information. This means that they are the body that incorporates, dissolves and publishes information on all UK companies. Key Responsibilities: incorporate and dissolve limited companies examine and store company information make information available to the public What is a Limited Company? Limited by shares companies are usually businesses that make a profit. This means the company: is legally separate from the people who run it has separate finances from your personal ones has shares and shareholders can keep any profits it makes after paying tax At Start Up A-Z, we only form Limited Companies, making your options as a new business extremely straightforward. We believe that a Limited company is usually the best option for those new to business and have made a concerted effort to make the process as easy as possible. Our Simple Process Choose a company name and check if it's available. We form Ltd and Limited companies. Enter your personal information so we can add you as the companies director. Your director information will be on Companies House. Enter your company information. This will also be submitted to Companies House and be available online. Review your application and make sure everything is correct. We'll submit your application to Companies House and your company will be formed. Should I be a Limited Company or a Sole Trader? Limited Company As a limited company, you enjoy limited liability which protects your personal assets. Unlike sole traders, a limited company is legally separate from its business owner, who has limited liability. Having 'limited liability' status means the company is an entity in its own right. This has several advantages. Assuming no fraud has taken place, 'limited liability' means you will not be personally liable for any financial losses made by the business. A limited company can give you added protection, should things go wrong. Because a limited company is a distinct entity from its owners, it may be a little easier for a company to secure business loans and investment. A limited company may benefit from tax advantages. You would be advised to seek professional help to make maximum use of the rules and regulations with regard to pensions, dividends and car ownership. Sole Trader A sole trader is somebody who runs their business as an individual, they are the sole owner of the business and any profit after tax is theirs. However, as a sole trader, you will be personally responsible for your company's debts, so your personal assets could be at risk. What do I do after Company Formation? Firstly, Congratulations! If you're reading this you've probably formed a company and are looking for your next steps. It's important at this point to pat yourself on the back! You've formed a business, taken a step to personal improvement and opened up a world of opportunities. From everyone at Start Up A-Z and Business Support Club, well done! What Comes Next? You'll now need to consider what your business needs to do in order to trade legally in the UK and beyond. We'll highlight a few key areas, but we strongly recommend using the following Companies House tool to work out your next steps. Consider VAT - Are you going to turn over more than £85,000? If so, you will need to register for VAT Corporation Tax - All Businesses must register for Corporation Tax within the first 3 months PAYE - Are you planning on taking on employees? If so, you'll need to register for PAYE Licenses - What licenses do you need to run your business? Insurance - It's likely that your new business will need insurance. You can find insurance brokers on Business Support Club Grants/funding - How are you going to fund your business? There may be government help if you seek it Use The Checklist We highly recommend using the Companies House checklist. It's packed with information and will tell you all you need to know about the next steps, no matter what your business. How do I set up business bank accounts? Let's get straight to it After forming a company, one of the first things most people do is apply for a business bank account. Doing so straight away as a smart move! While you can trade through director loans and using your personal account, in practice, it's always much easier to use a business bank account. Remember, a Limited company is a separate entity, it's best to operate with that in mind. What do we recommend? You have lots of options these days when it comes to business bank accounts. The high street is competing for your custom with new online rivals. We reccomend that the quickest way to get an account open is to use your personal provider, applying for a business account through them. Having said that, there are plenty of alternatives. Consider avoiding... You should know that applying to a high street bank that you do not already have a relationship with can be a long and frustrating process. Similarly, some firms, claiming to offer business bank accounts only offer limited services through a prepaid card. Many also don't like accepting international payments so it is important to know what the limitations of the bank you are applying to are. Especially if they are a neo online bank provider. The bottom line We recommend: Setting up your account ASAP Choosing a business you already know Researching the online offerings Applying for a bank account with a good promotion How do Ready Made Companies Work? Choosing to form a new business and sourcing suppliers can lead to let-downs, dead ends & delays. A Readymade Company is pre-registered, just waiting to be transferred into your name and allowing you to start trading TODAY. Is a registered office address required by law? Yes, UK limited companies are required by government bodies such as Companies House to register an address for the receipt of official communications. By subscribing to one of our plans, you can use our Manchester address as your registered office address, establishing a credible business image while keeping your personal address private. Will you receive and forward all my mail if I become a member? All our membership plans include receiving, scanning and digitally forwarding official and statutory mail. Receiving and forwarding of business mail such as invoices and supplier communications varies depending on your chosen plan. Click HERE to see more information on our membership plans. What is the difference between statutory mail and business mail? Official government mail includes post from the following UK governing bodies: • Companies House • HM Revenue & Customs (HMRC) • HM Court documents (including Tribunals Services and Sheriff Court) • Office for National Statistics (ONS) • Information Commissioner’s Office (ICO) • Department of Work & Pensions (DWP) • UK Government Gateway • Intellectual Property Office (IPO) • Ministry of Justice (MoJ) • The Pensions Regulator (TPR) • The Insolvency Service • UK Border Agency How can I become a member? 1. Choose the plan that best fits your business and subscribe. You will be directed to the business support club platform where you can avail of our services. Fill in the required details and choose your preferred payment method using PayPal or Stripe. 2. Once you have successfully paid, your account will be set up. We will send you a simple questionnaire to inform us of your company details and personal details. You will also be required to supply photo identification and proof of address. After completing the information needed, we will notify you that your account is set up and activated. 3. You will receive a confirmation email with the address you can use. Then, change your registered office address on Companies House HERE or through post. Statutory mail will then be received at our address and forwarded to you. For more advanced plans, business mail will also be received and forwarded to you. Alternatively, you can also subscribe to a plan by contacting us at 0330 320 1929 or sending us an email to help@suaz.co.uk. We can also gladly assist you by appointment should you prefer to visit our location at Bartle House, Manchester. Are your plans flexible? Yes, at SUAZ we make it easy to upgrade your plan by providing add-on options for any excess mail when you need it. For inquiries and requests, you can contact us at 0330 320 1929 or send us an email to help@suaz.co.uk. We can also gladly assist you by appointment should you prefer to visit our location at Bartle House, Manchester. Can I use my virtual office address as a Director Service Address? Yes, our premium plan includes one (1) use of our address for the director or officer of your company. Anyone registered as a director or officer of a UK limited company must be prepared to give a correspondence address that will be visible on the public register. To use our address as your Director Service Address, subscribe to our premium plan HERE. How can I change the Registered Office Address of my company? You can change your registered office address online or by post. You can sign into the Companies House Webfiling service HERE or submit an AD01 form by post. You must complete the change within 14 days the change took place. What IDs and documents do you require to subscribe to any membership plan? At SUAZ, we see to it that we comply to Anti-Money Laundering (AML) and ‘Know Your Customer’ requirements and regulations. We will need a proof of ID and proof of address to proceed with your application which can be as follows: Proof of ID: • Passport • Photocard driving licence • Government-issued ID card Proof of address: • Utility bill • Bank statement • Mortgage statement How long is your contract? Our contract length PLACE HERE …Please note that we do not automatically renew your contract at the end of the term. However, we will send you a renewal notice email one month before the term ends. Can the SUAZ virtual office address be used on my ‘Google My Business’ profile? We do not have services for this at the moment. However, other business directories may allow its use as your business address. Do you have a virtual receptionist to answer my business calls? As our virtual office packages currently do not include a virtual receptionist, SUAZ offers a virtual receptionist with a separate plan. You can click HERE to know more about our virtual receptionist services. Can I hold physical meetings at your location? Yes, if you have subscribed to our premium plan, you get access to our meeting room for 30 minutes per calendar month. Additionally, with our professional plan, you get a sign-up bonus of 1 hour use of our meeting room. The meeting room can accommodate up to (how many pax?) PLACE HERE Why do I need a Registered Office Address? UK limited companies are legally required to have a UK registered office. Our registered office service covers use of our address for official government mail only. This address cannot be used for general business correspondence, for which you must also purchase our Business Address Service (Our Virtual Business Plus package covers both official and business mail). Using a Registered Office Address has the added benefit of protecting your personal address from appearing on the public register. What is included as official mail and is mail forwarding free? Official government mail includes post from the following UK governing bodies: Companies House HM Revenue & Customs (HMRC) HM Court documents (including Tribunals Services and Sheriff Court) Office for National Statistics (ONS) Information Commissioner's Office (ICO) Department of Work & Pensions (DWP) Government Gateway Intellectual Property Office (IPO) Ministry of Justice The Pensions Regulator (TPR) The Insolvency Service UK Border Agency How does the Telephone Answering Service work? We will give you a London (0203) phone number which you can either use as your own number or you can divert calls to it when you are busy. When your number is called, we answer it in your company name. We then let the caller know that the extension is busy, you are in a meeting or calls are going to voicemail (or anything else as instructed by you). We will take a message and their contact information, which are all immediately uploaded to your online admin account and sent to you by email and via the MYCO smartphone app. What's included in the Document Filing service? We can file your yearly confirmation statement directly with Companies House. It's is a legal requirement which can be done by you, or we’ll take care of it on your behalf to save you the hassle. We’ll also send ongoing reminders yearly to make sure you don’t forget. 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. What kind of company can you set up? Here at SUAZ, we form limited companies. Operating as a limited company can give your business credibility and your customers confidence in your business. And once your company name is registered as a limited company, it's protected by law and no one else is allowed to use it. As for the industry or nature of your company, the choice is yours - all we ask is that your company has only a single director. Why should you set up a company? Setting up your own business can be life-changing. When you’re your own boss, you’ll be motivated to do the best work possible and make your work life exactly how you want it. You’ll be in charge of your work-life balance, can follow your passion and fulfil what may be your life-long dream. And while it may take a while to get your company off the ground, you’ll be working towards complete financial independence and security. With SUAZ, you’ll have all the support you need to set up your company quickly and successfully, knowing that you’ve got experts at hand. Can you set up a company on your own? You can set up a company on your own through Companies House. It costs a one-off filing fee of £12 to form your company and should all be approved, your business will usually be formed within 48 hours. Using a company formation agent like SUAZ can alleviate any stress or confusion that comes with starting a business. We can take care of everything for you and give you the support and guidance you need, so you can focus on making your business dreams a reality. What support is available after you’ve set up your company? We’re not only here during your company formation process. We’re here when you need us every step of the way, as and when you need a helping hand. Whether you have a question about your business, or have misplaced one of your documents , we’re always at the end of the line. What else do you need to start a business? What you need to get your business up and running will ultimately depend on the nature of your business. Once your company is formed, your next steps are: Checking if you need any licences or permits Making sure you have the right type of business insurance Sorting out your business’ address - if you’re looking to avoid the cost and maintenance of renting an office space, our virtual office address service may suit you Organising your business’ finances - with our Company Pro package you’ll get a Trilogy Business bank account to get you started Can you close your company down if you change your mind? It’s always a good idea not to rush into starting a business - make sure you’re both mentally and financially ready. If you have any doubts, feel free to get in touch with us and ask any questions before you jump into any decisions. But if you change your mind and decide it isn’t the right time to start your business, you’ll have the option to dissolve it - you’re only human after all! Just let us know and we can help you dissolve your company for £24.99. Can you set your UK company up from abroad? Unfortunately, our service is only being made to UK residents. As part of the formation application, you will be required to verify your identity and confirm your residence in the UK. Can you help with startup finance? If you’re looking to start your own business, you’ll know that it can take a significant amount of money to get it off the ground. Instead of applying for a bank loan and waiting for it to be approved, or dipping into your hard-earned personal savings, you can give your business the financial boost it needs to thrive with Start Up A-Z’s fixed-rate finance. Take a look at how our startup finance can help your business to grow. What should you list as your company address? When starting a business, you’ll need to decide where your place of work will be. For new businesses just starting out, it can be costly and often unnecessary to rent and maintain an office space. But having a company address can help your business to establish a professional image from the get-go. If you’re looking for a company address without the cost of renting an office space, our virtual office packages could be just what you need. Virtual office gives you a mailing address right in the heart of Manchester to help you establish a professional image, and maintain your privacy too. How do I book a meeting room? Our meeting rooms are bookable online via your account admin panel under the tab titled 'Meeting Space'. This tab will only appear if you are eligible to book a meeting room. You can also reserve a meeting space on the go by downloading our ‘MYCO Meeting’ app on Android or the App store. Bookings are not official until you have received a confirmation email from us. What are the partnership perks with Business Support Club? Search our extensive marketplace to source trusted local and national product and service providers, to help get your new business off the ground. Looking for... Branding experts? Certified accountants? Legal specialists? Stationary suppliers? Printers? Domain and email hosting? Web developers? They're all on BSC... plus more! Reduce your costs Save time and effort It's free and you'll love it! Frequently Asked Questions See all FAQs 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!
- General Virtual Office in UK | Start Up A-Z
Looking for a virtual office in UK? SUAZ provides a prestigious business address without the need for physical space. Start your FREE trial today. Affordable, private, and flexible virtual offices Discover virtual office addresses designed to elevate your business presence with prime locations – all for a fraction of the cost of a traditional office. Choose from flexible packages that let you choose only the features you need. No unwanted extras, just industry-leading customer support and access to valuable business resources to help your new business. Choose your virtual office address from these locations: Starts at £9.99 per month Virtual Office Manchester A strategic choice for small businesses seeking a prestigious address in one of the UK's most dynamic cities in the digital and technology industry. Explore Now Starts at £10 per month Virtual Office Birmingham Our virtual office plan in Birmingham gives you all the cool stuffyou need to make your business look amazing, for way less money. Explore Now Why Startup A-Z is your best bet for a Virtual Office? Best value for the price Starting at just £9.99+VAT a month, our feature-packed packages offer everything from a professional address to mail forwarding – all designed to supercharge your business. Impressive address with a good SEO geolocation Project a trustworthy image by associating your business with a prime location in Manchester or Birmingham. These prestigious addresses, enhanced with SEO geo-targeting, will surely impress. Business support that goes above and beyond Our business experts are ready to answer your questions, big or small. Growing a new business can be a maze, but we’re here to guide and support our community whenever we’re needed. Check out this complete guide on how start a business. Never miss an important mail again Get secure, digital copies of all your essential documents stored in one central location. No more misplaced files. Flexible packages Choose from flexible packages that perfectly match your current needs. Easily upgrade as your business grows. Your privacy is our priority We understand the importance of keeping your information safe. We ensure your privacy by using technology with industry-leading security. Startup A-Z adheres to all relevant data privacy regulations, including GDPR and PECR. This ensures your information is handled according to the strictest legal standards. By choosing Startup A-Z, you can rest assured that your business information is in safe hands. What clients love us What can you get from our virtual office? An all-in-one business address Secure a prestigious registered and director service address that inspires customer trust. Smooth mail handling Never miss a document again as we give you one place to store all your mail. We scan and deliver secure digital copies directly to your inbox, keeping you in the loop regardless of location. Prestigious meeting rooms Conduct impactful meetings in our top-notch meeting rooms, designed for optimal productivity and fostering collaboration. From fast internet to comfortable ergonomic chairs, you’ll surely make a lasting impression on clients and partners, Business referrals Startup A-Z goes beyond virtual offices. Our dedicated team connects you with trusted referrals for additional business services, allowing you to focus on what matters most - growing your business. Get a virtual mailing address in just 4 steps Startup A-Z simplifies getting registered and director service addresses with a quick online onboarding framework. Choose your plan Select the virtual office package that fits your business needs and head to checkout. Welcome Aboard Once verified, you'll receive immediate access to your virtual mailing address, along with instructions for a smooth business address update Simple verification We'll send you an email with your company director's AML documents for quick verification. Update and use your virtual office Effortlessly update your business address to your new, prestigious virtual office location. What we offer? Startup A-Z offers a range of virtual office packages designed to support new and small businesses. Choose the plan that best suits your needs and enjoy the benefits of a prestigious address, secure mail handling, and flexible workspace solutions. All SUAZ virtual office packages include: A Registered And Director Service Address: Establish a professional presence for your business on your website, social media, and marketing materials. Digital Mail Forwarding: Stay on top of important documents with secure electronic copies delivered straight to your inbox. Upgrade your plan for additional features: Increased Mail Forwarding: As your business grows, so do your mailing needs. Choose a package with more mail forwarding options. Meeting Room Access: Make a great impression on clients with access to our professional meeting rooms. Manchester Birmingham How do virtual offices work? Running a business can be exciting, but renting a whole office might not be in the cards just yet. A virtual office is like having a cool business address without physically renting it. Here's how it works: Pick a location: You choose a virtual office package that gives you a fancy business address. Need a physical copy? If something important arrives and you want a physical copy, you can often pick it up at our office, like grabbing a prize from a friend's house. Get mail: Instead of your home mailbox, your virtual office receives your statutory mail or even your business-related mail. We scan it and send you a copy, so you can see what you got, no matter where you are. Meet clients: With our upgraded packages, our virtual offices have cool meeting rooms you can use, perfect for impressing clients or having team meetings. Frequently Asked Questions See all FAQs
- Invest Smart: UK's Top Buy-to-Let Locations | Start Up A-Z
Find out where the most profitable buy-to-let locations are for starting a business. We’ve compared the average property costs across the UK’s biggest cities. The best buy-to-let locations for starting a business 15 min read Business Trends Table of Contents Categories Benefits of a buy-to-let limited company The UK’s most profitable buy-to-let hotspots Benefits of these locations What is rental yield? The difference between gross and net rental yield Why rental yield matters for investments What is considered a good rental yield? How to calculate rental yield How to maximise your rental yield What taxes are involved with buy-to-let? How much tax you pay on buy-to-let property income Stamp duty Capital Gains Tax Inheritance tax Real life case study from a property business owner Further costs associated with buy-to-let properties To wrap things up… Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office If you’re looking to take the buy-to-let property market by storm, choosing the right location is crucial. Perhaps you’re looking to expand your property portfolio, or you’re a newcomer to the real estate market. Whatever your circumstances, we’re here to help you make the right decision when choosing buy-to-let locations, to improve your chances of business success. In December 2023, average house prices were estimated to have fallen by 2.1% due to high mortgage rates and the cost of living crisis. But the market will likely pick up again, with 47% of landlords believing the Bank of England’s base rate will fall in 2024 - great news for those starting in the real estate industry. We’ve explored 50 of the biggest cities to uncover the best buy-to-let locations in the UK, looking at average property prices, rental costs and letting agent fees in each city to determine the net yield and potential returns on property investment. We’ve also reached out to current buy-to-let business owners who have shared insight into the property market and current considerations. So, what are you waiting for? Benefits of a buy-to-let limited company If the buy-to-let industry is calling your name, you’ll need to decide if you’d prefer to keep the properties in your name, as a sole trader, or if you’d benefit from forming a limited company . There are several benefits to starting a buy-to-let limited company , especially when it comes to business tax and legal protection. Let’s delve into the benefits of operating as a limited company: Limited liability: Should you face financial difficulties as a limited company, you’ll receive protection in the form of limited liability . This means your business is legally classified as an ‘individual’ and a separate legal entity. So, should you run into financial trouble as a business, the business itself is responsible, not you personally. You wouldn’t be obligated to pay any debts or personally cover any financial losses. Tax efficiency: Operating as a limited company can be more tax-efficient than working as a sole trader. As a limited company, you’ll pay 19-25% Corporation Tax on profits compared to the 20-45% Income Tax you’d pay as a sole trader. Professionalism: Choosing to operate as a limited company may give your professionalism and credibility a boost. Your potential customers are likely to perceive you as more trustworthy and established. The UK’s most profitable buy-to-let hotspots So, where is the best place for buy-to-let? We’ve uncovered the top UK cities for buy-to-let, based on their property prices, monthly rent prices, management fees and best net rental yield. Net yield is the return, or potential return, of a rental property after costs have been deducted such as letting and management fees. The top buy-to-let hotspots in the UK, coming out in joint first place, are Manchester, Glasgow and Aberdeen, all with a net yield of 6.9%. The average buy-to-let property price in Manchester is £251,557, with an average monthly rent of £1,713. Compared to the average UK house price of £290,000 in July 2023, Manchester’s property prices are significantly cheaper than the national average, making them a worthwhile investment for buy-to-let investors. Glasgow and Aberdeen’s average buy-to-let prices also fell significantly below the national average, at £230,619 and £189,633 respectively, making them attractive buy-to-let locations for those looking to invest in property. It seems that opting for cities in the North of England and Scotland are generally better for yields than cities in the South of England and London. This is true for Stoke-on-Trent and Birmingham which came out in second place for the most profitable, with net yields of 6.8%. Benefits of these locations These best areas for buy-to-let offer more than just profitability, they’re also prime locations known for their culture scene and business opportunities. As mentioned, Manchester ranked in first place for most profitable buy-to-let hotspots, alongside Glasgow and Aberdeen, and is a bustling city to consider. With an economy worth £62.8 billion , it has firmly cemented itself as a major business hub in the UK. If you’re a music buff, you’ll know what Joy Division, The Smiths and Oasis all have in common - Manchester! It’s renowned for its vibrant music scene and unmissable music venues such as the Warehouse Project. It’s safe to say Manchester is a worthy contender when searching for the best buy-to-let locations in the UK, with its high rental yields and job opportunities, and strong economy. The same can certainly be said for Glasgow, whose average house price in its West End area has risen by 27% since 2019 - great news for property investors. Glasgow is Scotland’s economic powerhouse, generating £19.3 billion GVA per annum . According to Rightmove, Aberdeen is the third cheapest city for first-time buyers , so if you’re new to the buy-to-let world, you could benefit financially from your investment. Local estate agents in Aberdeen have predicted that house prices will rise by 1-2% in 2024 , so you could make a significant profit on your investment should you choose to invest in Aberdeen’s housing market. The city is home to an array of green spaces, beaches and beautiful views, offering an excellent quality of life. Named one of the most affordable cities to own a home, Aberdeen is certainly worth considering, with the average cost of a mortgage, utilities and council tax being only 37% of the median monthly salary . What is rental yield? When starting a property business , there are two ways you can make money - either through an increase in the value of your property, or through the rent you receive as a landlord. When looking for buy-to-let hotspots in the UK, a key deciding factor for investing in property is the rental yield you can expect to receive. Rental yield is a metric used to assess the profitability and potential return of a property investment. It’s usually presented as a percentage. The difference between gross and net rental yield While gross rental yield and net rental yield are both used to assess the potential returns on property investment, they differ in the expenses they use to calculate profit. Gross rental yield takes the annual rental income generated by your property and divides it by its total cost or market value. Net rental yield also takes into account the various expenses that come with owning and maintaining a property, such as property management fees, insurance and maintenance costs. This means net rental yield offers you a comprehensive measure of your property’s profitability, by factoring in all the costs that come with a property, not just the cost of the property itself. Why rental yield matters for investments Rental yield is crucial for you to assess the potential return on your investment, which can help you make informed decisions about the property you choose to invest in. You can use rental yield to calculate the income a property will generate, and the level of risk a property may have. For example, lower rental yields may indicate a higher level of risk, while higher yields may suggest a better return on investment. What is considered a good rental yield? What is considered a good rental yield will depend on factors such as the location of the property, market conditions and whether the property is residential or student accommodation, for example. Generally speaking, a gross rental yield of 5 - 6% is considered ‘good’, while anything over 7% is seen as ‘very good’. How to calculate rental yield Calculating the rental yield of a property should be fairly straightforward once you know how. Here’s the calculation to use: (Annual rent / property value) x 100 = gross rental yield For example, if you purchased a property for £200,000 and charged £1050 per month, your gross rental yield would look something like: £1050 x 12 = £12,600 (£12,600 / £200,000) x 100 = 6.3% How to maximise your rental yield Typically speaking, the higher your rental yield, the stronger your property investment - so it’s often a key goal for landlords. Here are a handful of ways you could look to increase your rental yield: Choose the right buy-to-let location: Choosing a property in a high-demand location could increase your rental income. Consider transport links, business opportunities in the area, schools and local amenities when looking at potential areas. Upgrade the property: Could you add another bathroom or bedroom to the property? If you have a large living space that isn’t necessary, you could turn it into an extra bedroom to boost your cash flow. This may attract more tenants which could increase your profits. Pets: Many landlords say no to pets. After all, you’ve spent significant time and money on the property, you want to prevent damage. But rental properties that allow pets are hard to come by for tenants, so you may be able to increase your rental cost if you say yes to pets (and what harm will a furry friend do really?) What taxes are involved with buy-to-let? Tax can feel like a minefield for a new business owner, but it’s a crucial thing to get right. The last thing you want is to face a hefty fine. Here are some of the taxes involved with buy-to-let for you to consider: Income tax: For the 2023/24 tax year, basic taxpayers pay 20% tax on buy-to-let income. If you’re a higher-rate taxpayer, you’ll pay 40%. National Insurance: If your profits are more than £12,570 per year, you’ll need to pay Class 2 National Insurance contributions. You’ll pay this through Self Assessment. It’s important to note that you can get buy-to-let tax relief on income tax. This means you’ll pay tax on the profit you make, once your ‘allowable expenses’ have been deducted. These expenses include the money you spend on the day-to-day running of the property such as letting agents’ fees, buildings and contents insurance, accountants’ fees and Council Tax. You can find out more about these allowable expenses on the government’s website. How much tax you pay on buy-to-let property income The income you receive from charging rent on your property is taxable. This means you’ll need to declare any rent you receive to HMRC (once you’ve deducted the expenses or allowances explained above) when filling out your Self Assessment tax return. As mentioned, how much tax you’ll pay will depend on your income tax band (either 20% or 40%). If you make money from other sources, such as employment, your rental profits will be taxed at the same rates as your other income. Stamp duty You’ll pay stamp duty on your buy-to-let property if the purchase means you’ll own more than one property and the property is worth more than £40,000. This type of stamp duty is known as the Additional Stamp Duty Rate and is charged as an extra on top of your standard stamp duty bill. So, if your property purchase means you own more than one property, you’ll pay a 3% stamp duty surcharge. Capital Gains Tax You may need to pay Capital Gains Tax if you make a profit when you sell a property that isn’t your home, such as a buy-to-let property. To work out if you’re required to pay Capital Gains Tax, you’ll need to calculate the ‘gain’ you’ve made from selling the property. The Capital Gains Tax rate is 18% for basic rate taxpayers earning up to £50,000 per year. This rate then rises to 28% for higher-rate taxpayers earning more than £50,000 per year. But like income tax, you’re entitled to a tax-free allowance which can reduce your tax bill. Until April 2025, the Capital Gains Tax tax-free allowance is £12,300. Inheritance tax If you’re a landlord or property business owner, you may look to pass on your property to loved ones once you’ve passed away. To do this, you must understand how Inheritance Tax (IHT) works and how it may affect your property portfolio. Should you pass away owning property, your beneficiaries (those in line to receive inheritance from you following your death) may need to pay IHT on your estate. IHT is charged at 40%, but everyone is entitled to the nil-rate-band allowance of £325,000 which they won’t pay tax on. Anything above this threshold is subject to the 40% tax rate. Real life case study from a property business owner We asked Michelle Niziol, estate agent, mortgage broker, property investor and director of IMS Property Group about her experiences with buy-to-let and any key takeaways she can share with new property investors. “The biggest challenge of starting a buy-to-let portfolio is usually the capital to put down as a deposit. You typically need at least 25% deposit of the value of the property. “Then understanding the local property market is critical, you need to be able to identify areas with potential for rental income and property appreciation and this can be challenging, especially for beginners. “You need to be careful with your property selection, ensure that the property you choose aligns with your investment goals, budget, and target tenant market, you need to consider factors such as location, property condition and potential rental yield.” When it comes to long-term success as a buy-to-let business owner, Michelle shared the following tips: “Ensure that you secure a property in the right location, near public transport routes, good schools and ensure that when the tenant moves in, the property is refurbished to a high standard. Make sure you deal with maintenance issues promptly, and enlist a reputable letting agent to fully manage your property.” Further costs associated with buy-to-let properties When investing in property, it’s important to consider any ongoing costs that may affect the returns on your investment. Once you’ve purchased a property, there are several ongoing expenses you’ll need to cover, including: Property maintenance costs: The cost of regular upkeep for your property, including cleaning, gardening and ensuring the property is kept in good working order. Agency fees: If you choose to rent out your property through a letting agent, you’ll need to pay letting agents’ fees. How much this will cost depends on the tasks the letting agent provides. You may choose to pay a one-off fee for a let-only service, which is usually around four weeks’ rent. If you choose full property management, the agent will deal with any day-to-day issues such as damage to the property or a tenant leaving without giving notice. This could cost you up to 20%. Repairs: We’re talking about repairs that go beyond your day-to-day maintenance. Unexpected repairs may crop up occasionally, such as a boiler breaking or something structural that needs fixing. Making sure you have a pot of money set aside for repairs can help. Insurance: You can take out buy-to-let landlord insurance, a more specialised type of home insurance, to protect you against risk when renting out your property. You may find that some home insurance providers won’t cover you if you aren’t living in your property, so make sure you take out the right cover for your needs. Insurance can protect you financially should the unexpected happen, such as a fire or flood, or even a tenant is injured due to a fault in the property and takes legal action. To wrap things up… If you’ve always wanted to start a business, what are you waiting for? Nothing compares to the feeling of being your own boss, and the property industry is a thriving one to be a part of. Now you know the most profitable buy-to-let hotspots, there’s no reason to wait. Form your company with SUAZ today - we’re excited to help kickstart your new venture. Recommended Readings
- Starting a Business in the UK as a Foreigner | Start Up A-Z
If you're a non-UK citizen looking to start a business in the UK, you may have some questions and considerations as to whether it's possible. Read more here. Starting a Business in the UK as a Foreigner 8 min read Company Formations Table of Contents Categories What should you know before starting a business in the UK? The benefits of starting a business in the UK as a non-UK national Are there any limitations a foreign national must overcome when starting a business in the UK? Does a foreign national need a visa to start a business in the UK? Innovator Founder Visa How do taxes work? How to register a business as a non-UK national Get your business up and running in no time Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office Starting your own business really is an adventure like no other, and there’s no better place to do it than the UK. With its vibrant economy, cultural diversity and booming business scene, the UK is an entrepreneur’s dream. Between 2021 and 2022, over 750,000 startups were formed in the UK - so you’re certainly making the right choice. While starting a business in the UK as a foreigner may sound complicated, it doesn’t need to be. Non-resident company formation is straightforward when you know how. With some patience, hard work and determination, your business will be calling the UK home in no time. We’ve put together a complete guide to non-resident company formation, so the process feels as simple as possible. What should you know before starting a business in the UK? Starting a business in the UK as a foreigner can be life-changing, but it’s important to be prepared. Depending on your nationality, you may need a visa to enter the UK, if you’re from any of these government-listed countries . As long as you have the right to work and live in the UK, you can begin to make your business dream come to life. Before you get started, you’ll need to consider the following: Legal structure: You’ll need to decide the appropriate legal structure for your business. You may choose to operate as a sole trader, which means you’re self-employed. As a sole trader, you’re solely responsible for running your business which includes being responsible for paying income tax and National Insurance. Alternatively, you may prefer to start a limited company. As a limited company, you and your business are treated as two separate entities, meaning the business itself is responsible for its liabilities, known as limited liability protection . Another option is operating as a partnership, which is where several individuals sign a partnership agreement to decide how the business is shared between them. In a partnership, all partners are responsible for the business’ debts and finances. Visa: As mentioned above, make sure you have the right visa and work permits to start a business in the UK. Taxation: Read up on the UK’s tax laws for businesses. Familiarise yourself with how corporation tax works, for example, which is calculated based on your company’s profit each year. The rate of corporation tax as of April 2023 is currently 25%. Employment laws: Looking to hire some employees to help you get your business off the ground? Make sure you understand how the UK’s employment laws work, such as working hours, minimum wage, holiday pay and redundancy. The benefits of starting a business in the UK as a non-UK national If you’re looking to start a business in a globally-connected country with a buzzing business scene, there’s no better choice than the UK. Here are just some of the benefits of starting your own business in the UK: Support when you need it: Starting your own business can feel overwhelming - but you’re certainly not on your own. There are several useful resources available across the web, including the UK Government website which details everything you’ll need to set up your business. Looking to form a limited company ? A company formation agent like SUAZ can take care of the complicated stuff for you, so you’ll be up and running in no time. We’re also there whenever you need us - if you’re worried about anything or need some advice, we’re a phone call away. Thriving economy: With a population of over 67 million, the UK isn’t short of potential customers! In 2022, the British economy’s gross domestic product was 2.23 trillion pounds, making it the fifth-largest global economy . This enables new businesses to thrive, with funding and investment opportunities readily available. There’s even a government-backed Start Up Loan to help you get your business off the ground. Skilled workers: By putting down roots in the UK, you’ll gain access to skilled and specialised workers who will put the work in to make your business a success. Financial hub: London is home to the Bank of England and the London Stock Exchange (LSE), and is the world’s second-largest financial centre . It's known for its thriving business environment and reputation, so if you’re looking to make your mark in the business world, there’s no better place. Are there any limitations a foreign national must overcome when starting a business in the UK? There’s no doubt that setting up your business in the UK will be an adventure. Becoming an entrepreneur can be life-changing, but there are obstacles you may face - particularly if you’re looking to operate in the UK as a foreign national. While you can register a business in the UK regardless of the passport you hold, you will require a physical UK address. This is where your official correspondence and business mail will be sent to. If you’re not planning on renting a physical office in the UK, a virtual office may be the solution you’re looking for. A virtual office provides your business with an official address, without you needing to rent a physical space. This can save you a significant amount of money, help you get your business’ name on the map, and help you establish your professional image. As a limited company, you can choose to use a virtual office address when registering with Companies House - ideal if you don’t have a residential address in the UK. Does a foreign national need a visa to start a business in the UK? While you can start a business in the UK without a visa, you won’t be able to travel to and work under your company name in the UK without one. Having a business in the UK doesn’t give you the right to physically work there - so make sure you look into what visa you may need beforehand. Not sure if you need a visa to start your business? The government’s website has a helpful tool to help you work out whether you’ll need a visa or not . Innovator Founder Visa The Innovator Founder visa, formerly known as Innovator visa, is for those looking to set up and run an innovative business in the UK. This means your business must offer something different from anything else on the market. You’ll need to meet various eligibility requirements outlined on the government’s website. You can apply for the visa online but you’ll need to provide several documents to support your application, so make sure you leave plenty of time to do this. When applying from outside of the UK, as mentioned you’ll need to prove your identity. How you go about this will depend on the passport you have. You’ll either need to use your fingerprints and have your photograph taken at a visa application centre, or use the ‘UK Immigration: ID check’ app to scan your identity document. How do taxes work? Choosing to set up your business in the UK and deciding to live here as well means you'll need to pay taxes. You may need to pay the following, depending on your circumstances: Corporation Tax: Paid by limited companies only, Corporation Tax is calculated as a percentage of your business’ profits or taxable income. It’s self-assessed, so you’ll need to work out how much Corporation Tax you owe and file a tax return with HMRC, along with your payment which is due nine months after the end of the business’ accounting period or year end. Currently, Corporation Tax is 25% as of April 2023. Value Added Tax (VAT): If you’re selling products or services, you may need to charge VAT. Generally speaking, VAT is set at 20% of the price. You can register your business for VAT whenever you like, but you must legally register when your turnover exceeds £85,000. National Insurance: If you’re looking to hire some employees to help you on your way to success, you must pay National Insurance contributions. This is paid directly to HMRC when you pay your staff. As a director of a limited company, you’re treated as an employee and will need to pay National Insurance on your annual income if it’s over £12,570. How to register a business as a non-UK national The company registration process for non-UK residents is no different to those living in the UK. But while you don’t need to live in the UK to register a company there, you are required to have a UK address. Here’s how to register your business as a non-UK national: Address: Make sure you have a physical UK address. This is the address that will be shown on the public register, and all correspondence from Companies House will be sent to this address. If you’re looking to save yourself the cost of renting a physical office space, you could opt for a virtual office address. Here at SUAZ, our virtual office service gives you a business address right in the heart of Manchester to help get your name on the map and give your business image a boost. Decide on a name: You’ll need to choose a company name that is compliant and not already taken - you can check the availability of your business’ name on our homepage. Register with Companies House: To officially form your company, you’ll need to register with Companies House. You can choose to do this yourself for a £50 registration fee, or, to alleviate some stress, you can get us to take care of things for you. Our professional company formation service will register your company with Companies House on your behalf for free, and your company will be formed within a maximum of 48 hours. It really is that simple. Get your business up and running in no time Starting a business can feel both daunting and exciting all at once - especially when you’re a non-UK national. But you don’t need to go through the process alone. If you’re starting a business in the UK as a foreigner, our company formation service could be just what you need to make things that bit easier to manage. We’ll handle the tricky stuff so all that’s left for you to focus on is your new adventure. Apply to form your company today and make your dreams a reality. Recommended Readings
- Simplify Company Formation in the UK | Start UP A-Z
Company formation for free -- we're so sure you'll be satisfied with our services, that we'll form your company for free. Company Formations Company formation for free . We're so sure you'll be satisfied with our services and want to work with us going forward, that we'll form your company for free. We'll also submit your company to Companies House straight away, meaning you'll get your company formed in as little as 1 hour. What’s included? We will form your Limited/Ltd company with Companies House (the UK registrar of companies). Your payment includes the Companies House registration fee (£50) and a bucket-load of help and support. After checking your order and your mandatory identification documents, we will process your company formation. Your company will be formed within a maximum of 48 hours. You’ll get digital documents uploaded to your Business Support Club account and we’ll update your company profile with your company number and any other relevant information. Summary: Company Formation Digital Documents 48 hour service Professional Assistance £50 Company Incorporation Fee included Requirements: You must be over 18 You must provide proof of address and ID 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. View more Form your company with us Check availability Download
- How to charge for your dog walking business | Start UP A-Z
Understand how much to charge to walk dogs as a business and hear from experienced dog walkers on how to run the business successfully. Pricing your dog walking business 10 min read Beginner's Guide Table of Contents Categories The importance of a robust business plan How much does the average dog walker charge How to price your dog walking business 1. Determine your value 2. How does the price of dog walkers in your area compare? 3. Calculate your running costs 4. Understand your market Dog walking business tips Conclusion Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office Setting up a dog walking business can be hugely rewarding. If you love dogs and want to be your own boss, there really is no better way to jump into the world of entrepreneurship. It’s also a great way to make money doing something you really enjoy. But, one of the biggest questions you’ll face when starting your business is how much do dog walkers charge? Getting your price right is vital. If you charge too much, you won’t get any customers. If you charge too little, you risk not making any money. Of course, you can set your price and then raise it if that’s the case, but that could mean you lose some of your customers. In this guide, we’re going to explore how to choose how much to charge your customers when starting a dog-walking business. We’ll let you know all about how important planning is, the average price for dog walking and where to start when creating your own pricing strategy. Because, without careful planning, your dog walking business might be in for a ruff start. The importance of a robust business plan Before you even get to the stage where you’re considering how much to charge your customers, you need to make sure you have a robust business plan prepared. Far more goes into setting your cost than simply licking your finger and plucking out a number. It takes careful consideration of several factors which should all be highlighted in your business plan. This includes: Market analysis Business structure Your services Your financial plan SWOT analysis (strengths, weaknesses, opportunities and threats) Your business plan is something of a business bible specific to your venture. How much does the average dog walker charge Getting an accurate idea of how much you should charge for your services can be one of the toughest decisions you face when setting up your dog walking business. It’s a fine line between charging too little and too much, and either could hurt your growth in several ways. One of the simplest ways to get an idea of how much you should charge your customers for dog walking services comes from analysing how much your competitors charge. We’ve looked at how much dog walkers charge in the top 50 populated towns and cities across the UK to find an average. Source: Rover However, before you use this figure as gospel and set your rates at £12, you need to look at various factors unique to you and your business, which we’ll explore below. How to price your dog walking business Looking at what competitors charge is a great place to start, but it shouldn’t be all you base your costs on. You’ll likely have different experience, training, skills, services, goals, outgoings, customers and competition, so pricing your business the same as others wouldn’t necessarily be accurate. Here are three key points to consider when setting your dog walking price list. 1. Determine your value One of your main considerations is likely to be setting a price that’s in line with your competitors, however, you need to determine your value and make sure that’s reflected in your price. Think about which of the following you have and how they set you apart from other similar businesses in your area: Experience walking dogs Qualifications and certifications Specialist skills Range of services Service customisations Additional services Reliability and customer service As a new business, even with a wealth of experience and skill, you might be wary about charging too much until you establish yourself and start to gain loyal customers and good reviews. So, it can be tempting to undercharge until you build your reputation. There’s nothing overtly wrong with charging low and then raising your prices, but this can result in a drop off in some customers. But, if they still consider your services value for money, then it may not impact you too much. 2. How does the price of dog walkers in your area compare? As part of your market research when putting your business plan together, a key part of your research should include looking at how much competitors charge in your local area. This may or may not be in line with the average price, but it can vary wildly depending on where you are in the UK. For example, some dog walkers in major cities such as London can charge as much as £20 per hour or more. In more rural areas, the hourly rate might be just half this much. Take a look at other dog-walking businesses in your area. Use Google and social media to find competing businesses and view their rate cards, services and experience to determine if you could charge a similar amount for a similar service. Another key consideration is how many dogs there are compared to dog walkers in different regions. If there are more dogs and fewer dog walkers in an area, it should mean, in theory, it’s easier to find customers. This also means you’re in a better position to charge more for your services. Read our guide to the most in-demand areas to become a dog walker for more information. 3. Calculate your running costs One of the major influences over the price you charge is based on your business’ running costs. The higher the cost of your monthly outgoings, the more you’ll need to charge to not only cover these costs, but also make a profit and make sure you’re taking home enough money to pay your own bills, save and invest back into your business. Think about how much it costs to run your business and how much you’ll need to charge to cover these costs: Transportation , including fuel, maintenance, MOT and insurance Insurance , such as public liability insurance and employers’ liability insurance if you have employees Licences and permits , which can vary depending on your local area Equipment , such as crates, GPS trackers, leashes, collars, poop bags and treats Marketing costs , including your website and social media advertising Administrative costs , such as the time it takes to invoice and schedule appointments Business fees , such as if you hire an accountant Training and certification costs for continued learning and upskilling It’s important to bear in mind that many of these costs can change. For example, fuel costs constantly fluctuate and your insurance premiums may rise. There may also be occasions where you’re hit with unexpected costs, which you should bear in mind when setting your price. 4. Understand your market Another key part of your business plan is outlining how well you understand your customers. Who is your target audience and how much will they be willing to pay for your services? There are many questions to consider when trying to understand your target market: Who are they (age, income, occupation etc)? Where do they live? What type of dogs do they own? What range of services are they looking for? How often do they want their dogs to be walked? Do they want additional services such as training or pet sitting? What time of day are they after? How long do they want walks to last? Do they need pick-up and drop-off services? What is their budget? How do they prefer to pay? Are they looking for a long-term dog walker? What are their main concerns? Do they require you to have full insurance and training/certifications? What are their customer service expectations? Are there any location regulations or restrictions? Dog walking business tips When you’re starting your dog walking business, you’ll probably have a boatload (kennelload?) of questions and concerns. So, to help you overcome some of your worries, we spoke to Clare Wainwright-Jones, who has been running Black Lab Dog Walking for over 6 years, to share some of her tips when creating a pricing model. “With pricing, every area is different, even in south Wales for example, Cardiff prices are more than Newport. I would advise someone to do some market research of their area, enquire with other dog businesses on what they charge for hour walks, and dog daycare and work out what pricing suits you from there. “I personally found it hard asking or pricing at a higher rate than other businesses as I was a new walker without a client base. However, I soon got confident in myself and when I had a few clients on board I actually stuck with the higher range of my area with all clients. This was a personal struggle though because as a person I hate asking for money. You just need to have confidence in yourself and your service that it is worth a higher rate. “I also offered a slightly discounted rate for clients who had four or more walks a week too, and discounts for dogs if I’m collecting them from the same house. “Some dog walkers prefer to keep the same price for all dogs, whether they have one walk or 5 per week, or if they have multiple dogs from one house, but I prefer to have a few options.” Conclusion Deciding how much to charge your customers is vital and can make or break your new dog-walking business. Make sure you carefully consider your costs and balance this with your skills, experience and services so your price reflects the services your customers will receive. Don’t forget to refer back to your business plan so every decision you make is in line with the overall vision you have for your business. If you're now ready to start a dog-walking business, check your business name is available and SUAZ will help you set up the rest. Recommended Readings
- Can I Use My Home Address for My Business? | Start Up A-Z
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 I Register My Business at My Home Address? 7 min read Virtual Office Table of Contents Categories Why sharing your home address as your business location could be a bad idea Inability to separate work from home Professionalism and business legitimacy Security and privacy Increase in cold callers at your home address What are your options if you don’t want to use your home address? Why would you want to use a virtual office instead? Can I use my home address as my registered office address? Can a registered office address be removed from public view? Are there any ethical implications of a virtual office? Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office The short answer is; yes, you can register your business at your home address. This is a question that is commonly asked when forming a company and legally there's no issue with it. In fact, it may be convenient and economical for you, especially if you’re a new or small business. There are, however, a few things worth considering before you do so. Why sharing your home address as your business location could be a bad idea Depending on your situation, there are a few reasons it may be problematic. First, it can make it difficult to separate your work life from your personal life, especially if you work from home full-time. Presenting a professional image can also be a problem, especially if you're meeting with clients - not to mention the security and privacy risk it can bring to you. In this section, we’ll discuss potential pitfalls you may encounter. Inability to separate work from home One of the biggest downsides of putting your home address as your business address is that it can be difficult to separate your work life from your personal life. You may receive a lot of business mail, which can clutter up your mailbox. It can be easily lost or misplaced, especially if your business-related mail is mixed with personal mail. These are just a few potential inconveniences you may encounter, so using an alternative address, such as a virtual office, can be a simple way to draw a clear boundary between work and home. Read more about starting a business from home with our guide. Professionalism and business legitimacy Using your home address can also make your business look less professional, especially if you're meeting with clients or customers at your home. This is not the case for everyone, but people often associate home addresses with businesses that are small, informal, or just starting out. Now, if you're serious about your business, and you may want to project an image of professionalism and legitimacy and sometimes using your residential address can undermine that image. Security and privacy One thing you need to know if you register your home address as your business address, is that it will be made public. This can be a security and privacy risk, as anyone can just look up your home on the public register and you could be targeted by scammers, telemarketers, or even burglars - people could even turn up to visit if they have a query. Increase in cold callers at your home address Since cold callers often use public records to find businesses and then call them in the hopes of making a sale, using your home address for your business could also make your home a target. If you're constantly being bombarded with cold calls, it can be very annoying and disruptive for you and your family, not to mention the considerable security risk, as cold callers may also try to get personal information from you or try to sell you something you don't need - not something you need when you’re trying to focus on building your business. What are your options if you don’t want to use your home address? If you don't want to use your home address for your business, you have a few options. You can use a PO box or even better PO box alternatives for small businesses like a virtual office. If you don’t have an idea what a virtual office is, and the benefits of a virtual office can give you, we have created a separate article for you to read. Why would you want to use a virtual office instead? Virtual offices offer a number of benefits, including increased flexibility, privacy, and mail-handling services. We all want a professional and secure way to conduct our business and using a virtual office is inexpensive whilst offering many benefits . Using a virtual office is also completley legal , so there are no concerns there. If you're interested in learning more about virtual offices and the different packages available, tailored to suit all sorts of businesses, we go into much more detail on our website. Our services can give you the extra support you need, without any complicated jargon. Can I use my home address as my registered office address? Absolutely. You can use your home address as your registered office address. But - as mentioned above - there are a few points you should consider before making this decision. If none of those mentioned beforehand concerns you, then it could be the right option for your business anyway. Can a registered office address be removed from public view? Since it is a public record, it can’t be removed from the public view. Your registered office address is used by authorities like Companies House to identify and contact your business. This is where you’ll be sent official communications, such as legal notices. That is why we highly recommend considering a virtual office, to keep your home address private and secure. And with mail-forwarding services, you’ll have peace of mind that all communications are safely received and documented, and all in one place for you to access whenever you need. Are there any ethical implications of a virtual office? If a company uses a virtual office address on its website and marketing materials, depending on the type of business you run and the type of clients you have, some people could consider this to be misleading. But, knowing your business and your customers, if you take this into consideration, you may decide that the benefits a virtual office can bring outweigh the drawbacks. If you think that a virtual office is a great choice for your business, have a look at our Manchester virtual office service for more information . Recommended Readings
- 12 Reasons to Start a Business Today | Startup A-Z
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. 12 Reasons to Start a Business Today 12 min read Beginner's Guide Table of Contents Categories 1. You understand your strengths 2. You know your niche inside out 3. You have something new to offer 4. Affordable, accessible and simple-to-use technology 5. Remote working is now the norm 6. Financial freedom 7. Be your own boss 8. Better job satisfaction 9. Use innovation and creativity 10. Grow your network and collaborate 11. It’s exciting 12. Support is readily available What’s stopping you from starting a business today? Beginner's Guide Business Trends Company Formations Start-Up Finance Virtual Office Perhaps you're looking for a new challenge, or to tick a lifelong dream off of your bucket list. Whatever the reason, it’s never too late to start your own business. In fact, you may be left wishing you’d done it sooner! So, what are the main reasons for starting a business ? From being your own boss to financial independence, becoming an entrepreneur can be truly life-changing. But if you need a bit more convincing, we’ve put together this list of reasons for starting a business that are sure to inspire you. 1. You understand your strengths Starting a business that reflects your own strengths and interests ensures you’re passionate about your product or service, and have the motivation to succeed. If you’re struggling for a business idea, listing your strengths or passions is a good place to start. Passion is the driving force behind successful entrepreneurs, there to remind you why your business exists, should times get tough. Perhaps your friends would describe you as a creative person, and you love nothing more than getting your hands dirty. Or perhaps you see yourself as a culinary connoisseur, and love bringing good flavors to life, the UK’s Most Successful Food-and-Drink Startups may give you the inspiration boost to start. Starting an arts and crafts business may be right up your street! Whether you’re an impressive baker, wanting to start a food business , yoga teacher or gifted wordsmith, your talent could deliver a product or service that others will love. Starting a business gives you a chance to share your expertise and turn your talents into your livelihood. 2. You know your niche inside out Having expert knowledge of your product or service could stand your business in good stead to compete effectively in your industry. After all, a clear market niche or unique selling point (USP) helps to target customers who are genuinely interested in your product or service, and are more likely to buy from you rather than elsewhere. Take starting a restaurant as an example. Instead of opening an Italian restaurant that serves every Italian dish you can think of, you could focus on offering local dishes from a specific region of Italy. Or opening a pub or bar not because it seems cool, but because you’ve had first-hand experience solving waiting tables, which could offer the best customer service in town. Knowing your niche inside out can help to establish a level of trust between you and your customer, as you’ll be seen as an expert in your industry. 3. You have something new to offer While many people may be able to do what you do, they won’t do it how you do! Your approach or idea may be entirely unique, giving you the competitive edge to succeed. Perhaps you have a product idea that has never been done before, that you’re certain will take off. If you’re sure you have a new, exciting concept to offer and the enthusiasm to get you there, what are you waiting for? Starting a business and have no ideas ? We can help with that. 4. Affordable, accessible and simple-to-use technology There’s no denying that technology can be key to supporting your business venture, with 90% of all SMBs making use of digital communications tools . But you don’t need to fork out significant money on expensive tech for your business to thrive. Remember, the cost of technology to get your business up and running is usually a one-off expense, and doesn’t need to cost the Earth. Once you’ve got the technology and equipment to support your journey, you’ll feel ready to roll. See more on the costs of starting a business . 5. Remote working is now the norm The working world has certainly changed since the pandemic, with 44% of Brits working from home at least some of the time. So if you’re hesitant to start a business due to office rental costs, you’ll be relieved to hear that times have definitely changed and you can start a business from home . Remote working is a top reason to start a business - not only will you be able to maintain a healthy work-life balance, but you can also save on office rental costs. Looking for a business address but want to avoid renting a physical office space? Our virtual office service can offer you a professional office address for you to establish a professional image, all while having the freedom to work from wherever you like. 6. Financial freedom One of the more obvious reasons for starting a business is making money - you can’t underestimate the financial freedom that starting your own business can bring. When working for an employer, there’s usually a cap on your salary unless you’re on commission or receive a bonus. Whereas, when you’re your own boss, the financial possibilities really are endless! As a business owner, you get to decide how much you charge and the hours you work. And if you’re in need of some extra cash, you could up your prices or put in some extra hours. 7. Be your own boss Say goodbye to the 9-5, company procedures and Monday morning meetings. When you start your own business, you’re in the driver’s seat. Perhaps you’ll work a four-day week, offer your staff unlimited annual leave or put a stop to Friday afternoon calls! What you say goes. 8. Better job satisfaction Considering the average retirement age in the UK is 64.5, dreading Monday morning should really be avoided, right? When you’re a business owner, the Sunday scaries really are a thing of the past. Your business will be something you truly care about, enjoy and feel motivated to get up for every morning. 9. Use innovation and creativity Consider yourself a creative person? There’s no better way to use your forward-thinking than starting your own business. Creativity challenges the norm and embraces innovative ideas, which can help you create products or services that are sure to make their mark in your industry. If your product or service is out of the box, you’re likely to outshine competitors and capture the attention of potential customers. 10. Grow your network and collaborate Starting a business opens the door to collaboration, meeting like-minded professionals and learning from others. You could attend conferences and networking events for entrepreneurs to grow your industry knowledge. One thing’s for sure, there will be plenty of others in your position who are eager to meet and support you! 11. It’s exciting If you’re looking for reasons for starting a business, the excitement of new beginnings should be enough to convince you. While the unknown may sound daunting, it’s exciting too - the possibilities are truly endless and there are no limits to what you can achieve. You’re in charge of your own destiny and what your business can become, and there’s no better feeling than that. 12. Support is readily available We’re not going to downplay it - starting a business is a big deal, and it’s only natural to have worries about your dreams not going to plan. But you’re not alone in this new chapter. There is a wealth of information available online on how to start a business that can put you at ease. The government also has a Business Support Helpline for free advice about starting your business and financial support you may consider. In need of a helping hand? Our experts here at SUAZ are readily available whenever you need them to guide you through the company formation process . What’s stopping you from starting a business today? There are two things that are important to start a business - a great business idea and the motivation to get you where you want to be. We believe you have what it takes to make your dream come to life. The reasons to start a business listed above should show you that there’s no feeling quite like being your own boss! Our expert company formation service is there to guide you through the process of forming your company, with support there whenever you need it. There’s no reason to wait - form your company today with SUAZ. Recommended Readings
- A Guide to Writing Contracts as a Freelancer | Start Up A-Z
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
- Suaz Terms & Conditions | Legal Info | Start Up A-Z
Explore our detailed legal guidelines, service policies, and user responsibilities to ensure a transparent and informed experience. Visit now for information. TERMS AND CONDITIONS Last updated January 04, 2023 TABLE OF CONTENTS 1. AGREEMENT TO TERMS 2. INTELLECTUAL PROPERTY RIGHTS 3. USER REPRESENTATIONS 4. PROHIBITED ACTIVITIES 5. USER GENERATED CONTRIBUTIONS 6. CONTRIBUTION LICENSE 7. SUBMISSIONS 8. THIRD-PARTY WEBSITE AND CONTENT 9. SITE MANAGEMENT 10. PRIVACY POLICY 11. COPYRIGHT INFRINGEMENTS 12. TERM AND TERMINATION 13. MODIFICATIONS AND INTERRUPTIONS 14. GOVERNING LAW 15. DISPUTE RESOLUTION 16. CORRECTIONS 17. DISCLAIMER 18. LIMITATIONS OF LIABILITY 19. INDEMNIFICATION 20. USER DATA 21. ELECTRONIC COMMUNICATIONS, TRANSACTIONS, AND SIGNATURES 22. MISCELLANEOUS 23. CONTACT US 1. AGREEMENT TO TERMS These Terms of Use constitute a legally binding agreement made between you, whether personally or on behalf of an entity (“you”) and SKILLSERVE TECH LTD ("Company," “we," “us," or “our”), concerning your access to and use of the https://www.suaz.co.uk website as well as any other media form, media channel, mobile website or mobile application related, linked, or otherwise connected thereto (collectively, the “Site”). We are registered in England and have our registered office at Bartle House, Manchester, Greater Manchester M23WQ. You agree that by accessing the Site, you have read, understood, and agreed to be bound by all of these Terms of Use. IF YOU DO NOT AGREE WITH ALL OF THESE TERMS OF USE, THEN YOU ARE EXPRESSLY PROHIBITED FROM USING THE SITE AND YOU MUST DISCONTINUE USE IMMEDIATELY. Supplemental terms and conditions or documents that may be posted on the Site from time to time are hereby expressly incorporated herein by reference. We reserve the right, in our sole discretion, to make changes or modifications to these Terms of Use from time to time. We will alert you about any changes by updating the “Last updated” date of these Terms of Use, and you waive any right to receive specific notice of each such change. Please ensure that you check the applicable Terms every time you use our Site so that you understand which Terms apply. You will be subject to, and will be deemed to have been made aware of and to have accepted, the changes in any revised Terms of Use by your continued use of the Site after the date such revised Terms of Use are posted. The information provided on the Site is not intended for distribution to or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country. Accordingly, those persons who choose to access the Site from other locations do so on their own initiative and are solely responsible for compliance with local laws, if and to the extent local laws are applicable. The Site is intended for users who are at least 18 years old. Persons under the age of 18 are not permitted to use or register for the Site. 2. INTELLECTUAL PROPERTY RIGHTS Unless otherwise indicated, the Site is our proprietary property and all source code, databases, functionality, software, website designs, audio, video, text, photographs, and graphics on the Site (collectively, the “Content”) and the trademarks, service marks, and logos contained therein (the “Marks”) are owned or controlled by us or licensed to us, and are protected by copyright and trademark laws and various other intellectual property rights and unfair competition laws of the United States, international copyright laws, and international conventions. The Content and the Marks are provided on the Site “AS IS” for your information and personal use only. Except as expressly provided in these Terms of Use, no part of the Site and no Content or Marks may be copied, reproduced, aggregated, republished, uploaded, posted, publicly displayed, encoded, translated, transmitted, distributed, sold, licensed, or otherwise exploited for any commercial purpose whatsoever, without our express prior written permission. Provided that you are eligible to use the Site, you are granted a limited license to access and use the Site and to download or print a copy of any portion of the Content to which you have properly gained access solely for your personal, non-commercial use. We reserve all rights not expressly granted to you in and to the Site, the Content and the Marks. 3. USER REPRESENTATIONS By using the Site, you represent and warrant that: (1) you have the legal capacity and you agree to comply with these Terms of Use; (2) you are not a minor in the jurisdiction in which you reside; (3) you will not access the Site through automated or non-human means, whether through a bot, script, or otherwise; (4) you will not use the Site for any illegal or unauthorized purpose; and (5) your use of the Site will not violate any applicable law or regulation. If you provide any information that is untrue, inaccurate, not current, or incomplete, we have the right to suspend or terminate your account and refuse any and all current or future use of the Site (or any portion thereof). 4. PROHIBITED ACTIVITIES You may not access or use the Site for any purpose other than that for which we make the Site available. The Site may not be used in connection with any commercial endeavors except those that are specifically endorsed or approved by us. As a user of the Site, you agree not to: Systematically retrieve data or other content from the Site to create or compile, directly or indirectly, a collection, compilation, database, or directory without written permission from us. Trick, defraud, or mislead us and other users, especially in any attempt to learn sensitive account information such as user passwords. Circumvent, disable, or otherwise interfere with security-related features of the Site, including features that prevent or restrict the use or copying of any Content or enforce limitations on the use of the Site and/or the Content contained therein. Disparage, tarnish, or otherwise harm, in our opinion, us and/or the Site. Use any information obtained from the Site in order to harass, abuse, or harm another person. Make improper use of our support services or submit false reports of abuse or misconduct. Use the Site in a manner inconsistent with any applicable laws or regulations. Engage in unauthorized framing of or linking to the Site. Upload or transmit (or attempt to upload or to transmit) viruses, Trojan horses, or other material, including excessive use of capital letters and spamming (continuous posting of repetitive text), that interferes with any party’s uninterrupted use and enjoyment of the Site or modifies, impairs, disrupts, alters, or interferes with the use, features, functions, operation, or maintenance of the Site. Engage in any automated use of the system, such as using scripts to send comments or messages, or using any data mining, robots, or similar data gathering and extraction tools. Delete the copyright or other proprietary rights notice from any Content. Attempt to impersonate another user or person or use the username of another user. Upload or transmit (or attempt to upload or to transmit) any material that acts as a passive or active information collection or transmission mechanism, including without limitation, clear graphics interchange formats (“gifs”), 1×1 pixels, web bugs, cookies, or other similar devices (sometimes referred to as “spyware” or “passive collection mechanisms” or “pcms”). Interfere with, disrupt, or create an undue burden on the Site or the networks or services connected to the Site. Harass, annoy, intimidate, or threaten any of our employees or agents engaged in providing any portion of the Site to you. Attempt to bypass any measures of the Site designed to prevent or restrict access to the Site, or any portion of the Site. Copy or adapt the Site’s software, including but not limited to Flash, PHP, HTML, JavaScript, or other code. Except as permitted by applicable law, decipher, decompile, disassemble, or reverse engineer any of the software comprising or in any way making up a part of the Site. Except as may be the result of standard search engine or Internet browser usage, use, launch, develop, or distribute any automated system, including without limitation, any spider, robot, cheat utility, scraper, or offline reader that accesses the Site, or using or launching any unauthorized script or other software. Use a buying agent or purchasing agent to make purchases on the Site. Make any unauthorized use of the Site, including collecting usernames and/or email addresses of users by electronic or other means for the purpose of sending unsolicited email, or creating user accounts by automated means or under false pretenses. Use the Site as part of any effort to compete with us or otherwise use the Site and/or the Content for any revenue-generating endeavor or commercial enterprise. Use the Site to advertise or offer to sell goods and services. Sell or otherwise transfer your profile. 5. USER GENERATED CONTRIBUTIONS The Site may invite you to chat, contribute to, or participate in blogs, message boards, online forums, and other functionality, and may provide you with the opportunity to create, submit, post, display, transmit, perform, publish, distribute, or broadcast content and materials to us or on the Site, including but not limited to text, writings, video, audio, photographs, graphics, comments, suggestions, or personal information or other material (collectively, "Contributions"). Contributions may be viewable by other users of the Site and through third-party websites. As such, any Contributions you transmit may be treated as non-confidential and non-proprietary. When you create or make available any Contributions, you thereby represent and warrant that: The creation, distribution, transmission, public display, or performance, and the accessing, downloading, or copying of your Contributions do not and will not infringe the proprietary rights, including but not limited to the copyright, patent, trademark, trade secret, or moral rights of any third party. You are the creator and owner of or have the necessary licenses, rights, consents, releases, and permissions to use and to authorize us, the Site, and other users of the Site to use your Contributions in any manner contemplated by the Site and these Terms of Use. You have the written consent, release, and/or permission of each and every identifiable individual person in your Contributions to use the name or likeness of each and every such identifiable individual person to enable inclusion and use of your Contributions in any manner contemplated by the Site and these Terms of Use. Your Contributions are not false, inaccurate, or misleading. Your Contributions are not unsolicited or unauthorized advertising, promotional materials, pyramid schemes, chain letters, spam, mass mailings, or other forms of solicitation. Your Contributions are not obscene, lewd, lascivious, filthy, violent, harassing, libelous, slanderous, or otherwise objectionable (as determined by us). Your Contributions do not ridicule, mock, disparage, intimidate, or abuse anyone. Your Contributions are not used to harass or threaten (in the legal sense of those terms) any other person and to promote violence against a specific person or class of people. Your Contributions do not violate any applicable law, regulation, or rule. Your Contributions do not violate the privacy or publicity rights of any third party. Your Contributions do not violate any applicable law concerning child pornography, or otherwise intended to protect the health or well-being of minors. Your Contributions do not include any offensive comments that are connected to race, national origin, gender, sexual preference, or physical handicap. Your Contributions do not otherwise violate, or link to material that violates, any provision of these Terms of Use, or any applicable law or regulation. Any use of the Site in violation of the foregoing violates these Terms of Use and may result in, among other things, termination or suspension of your rights to use the Site. 6. CONTRIBUTION LICENSE By posting your Contributions to any part of the Site, you automatically grant, and you represent and warrant that you have the right to grant, to us an unrestricted, unlimited, irrevocable, perpetual, non-exclusive, transferable, royalty-free, fully-paid, worldwide right, and license to host, use, copy, reproduce, disclose, sell, resell, publish, broadcast, retitle, archive, store, cache, publicly perform, publicly display, reformat, translate, transmit, excerpt (in whole or in part), and distribute such Contributions (including, without limitation, your image and voice) for any purpose, commercial, advertising, or otherwise, and to prepare derivative works of, or incorporate into other works, such Contributions, and grant and authorize sublicenses of the foregoing. The use and distribution may occur in any media formats and through any media channels. This license will apply to any form, media, or technology now known or hereafter developed, and includes our use of your name, company name, and franchise name, as applicable, and any of the trademarks, service marks, trade names, logos, and personal and commercial images you provide. You waive all moral rights in your Contributions, and you warrant that moral rights have not otherwise been asserted in your Contributions. We do not assert any ownership over your Contributions. You retain full ownership of all of your Contributions and any intellectual property rights or other proprietary rights associated with your Contributions. We are not liable for any statements or representations in your Contributions provided by you in any area on the Site. You are solely responsible for your Contributions to the Site and you expressly agree to exonerate us from any and all responsibility and to refrain from any legal action against us regarding your Contributions. We have the right, in our sole and absolute discretion, (1) to edit, redact, or otherwise change any Contributions; (2) to re-categorize any Contributions to place them in more appropriate locations on the Site; and (3) to pre-screen or delete any Contributions at any time and for any reason, without notice. We have no obligation to monitor your Contributions. 7. SUBMISSIONS You acknowledge and agree that any questions, comments, suggestions, ideas, feedback, or other information regarding the Site ("Submissions") provided by you to us are non-confidential and shall become our sole property. We shall own exclusive rights, including all intellectual property rights, and shall be entitled to the unrestricted use and dissemination of these Submissions for any lawful purpose, commercial or otherwise, without acknowledgment or compensation to you. You hereby waive all moral rights to any such Submissions, and you hereby warrant that any such Submissions are original with you or that you have the right to submit such Submissions. You agree there shall be no recourse against us for any alleged or actual infringement or misappropriation of any proprietary right in your Submissions. 8. THIRD-PARTY WEBSITE AND CONTENT The Site may contain (or you may be sent via the Site) links to other websites ("Third-Party Websites") as well as articles, photographs, text, graphics, pictures, designs, music, sound, video, information, applications, software, and other content or items belonging to or originating from third parties ("Third-Party Content"). Such Third-Party Websites and Third-Party Content are not investigated, monitored, or checked for accuracy, appropriateness, or completeness by us, and we are not responsible for any Third-Party Websites accessed through the Site or any Third-Party Content posted on, available through, or installed from the Site, including the content, accuracy, offensiveness, opinions, reliability, privacy practices, or other policies of or contained in the Third-Party Websites or the Third-Party Content. Inclusion of, linking to, or permitting the use or installation of any Third-Party Websites or any Third-Party Content does not imply approval or endorsement thereof by us. If you decide to leave the Site and access the Third-Party Websites or to use or install any Third-Party Content, you do so at your own risk, and you should be aware these Terms of Use no longer govern. You should review the applicable terms and policies, including privacy and data gathering practices, of any website to which you navigate from the Site or relating to any applications you use or install from the Site. Any purchases you make through Third-Party Websites will be through other websites and from other companies, and we take no responsibility whatsoever in relation to such purchases which are exclusively between you and the applicable third party. You agree and acknowledge that we do not endorse the products or services offered on Third-Party Websites and you shall hold us harmless from any harm caused by your purchase of such products or services. Additionally, you shall hold us harmless from any losses sustained by you or harm caused to you relating to or resulting in any way from any Third-Party Content or any contact with Third-Party Websites. 9. SITE MANAGEMENT We reserve the right, but not the obligation, to: (1) monitor the Site for violations of these Terms of Use; (2) take appropriate legal action against anyone who, in our sole discretion, violates the law or these Terms of Use, including without limitation, reporting such user to law enforcement authorities; (3) in our sole discretion and without limitation, refuse, restrict access to, limit the availability of, or disable (to the extent technologically feasible) any of your Contributions or any portion thereof; (4) in our sole discretion and without limitation, notice, or liability, to remove from the Site or otherwise disable all files and content that are excessive in size or are in any way burdensome to our systems; and (5) otherwise manage the Site in a manner designed to protect our rights and property and to facilitate the proper functioning of the Site. 10. PRIVACY POLICY We care about data privacy and security. Please review our Privacy Policy: https://app.termly.io/document/privacy-policy/4c7b1bcd-adcd-4325-9cf8-025b854db201 . By using the Site, you agree to be bound by our Privacy Policy, which is incorporated into these Terms of Use. Please be advised the Site is hosted in England. If you access the Site from any other region of the world with laws or other requirements governing personal data collection, use, or disclosure that differ from applicable laws in England, then through your continued use of the Site, you are transferring your data to England, and you agree to have your data transferred to and processed in England. 11. COPYRIGHT INFRINGEMENTS We respect the intellectual property rights of others. If you believe that any material available on or through the Site infringes upon any copyright you own or control, please immediately notify us using the contact information provided below (a “Notification”). A copy of your Notification will be sent to the person who posted or stored the material addressed in the Notification. Please be advised that pursuant to applicable law you may be held liable for damages if you make material misrepresentations in a Notification. Thus, if you are not sure that material located on or linked to by the Site infringes your copyright, you should consider first contacting an attorney. 12. TERM AND TERMINATION These Terms of Use shall remain in full force and effect while you use the Site. WITHOUT LIMITING ANY OTHER PROVISION OF THESE TERMS OF USE, WE RESERVE THE RIGHT TO, IN OUR SOLE DISCRETION AND WITHOUT NOTICE OR LIABILITY, DENY ACCESS TO AND USE OF THE SITE (INCLUDING BLOCKING CERTAIN IP ADDRESSES), TO ANY PERSON FOR ANY REASON OR FOR NO REASON, INCLUDING WITHOUT LIMITATION FOR BREACH OF ANY REPRESENTATION, WARRANTY, OR COVENANT CONTAINED IN THESE TERMS OF USE OR OF ANY APPLICABLE LAW OR REGULATION. WE MAY TERMINATE YOUR USE OR PARTICIPATION IN THE SITE OR DELETE ANY CONTENT OR INFORMATION THAT YOU POSTED AT ANY TIME, WITHOUT WARNING, IN OUR SOLE DISCRETION. If we terminate or suspend your account for any reason, you are prohibited from registering and creating a new account under your name, a fake or borrowed name, or the name of any third party, even if you may be acting on behalf of the third party. In addition to terminating or suspending your account, we reserve the right to take appropriate legal action, including without limitation pursuing civil, criminal, and injunctive redress. 13. MODIFICATIONS AND INTERRUPTIONS We reserve the right to change, modify, or remove the contents of the Site at any time or for any reason at our sole discretion without notice. However, we have no obligation to update any information on our Site. We also reserve the right to modify or discontinue all or part of the Site without notice at any time. We will not be liable to you or any third party for any modification, price change, suspension, or discontinuance of the Site. We cannot guarantee the Site will be available at all times. We may experience hardware, software, or other problems or need to perform maintenance related to the Site, resulting in interruptions, delays, or errors. We reserve the right to change, revise, update, suspend, discontinue, or otherwise modify the Site at any time or for any reason without notice to you. You agree that we have no liability whatsoever for any loss, damage, or inconvenience caused by your inability to access or use the Site during any downtime or discontinuance of the Site. Nothing in these Terms of Use will be construed to obligate us to maintain and support the Site or to supply any corrections, updates, or releases in connection therewith. 14. GOVERNING LAW These conditions are governed by and interpreted following the laws of England, and the use of the United Nations Convention of Contracts for the International Sale of Goods is expressly excluded. If your habitual residence is in the EU, and you are a consumer, you additionally possess the protection provided to you by obligatory provisions of the law of your country of residence. SKILLSERVE TECH LTD and yourself both agree to submit to the non-exclusive jurisdiction of the courts of __________, which means that you may make a claim to defend your consumer protection rights in regards to these Terms of Use in England, or in the EU country in which you reside. 15. DISPUTE RESOLUTION Informal Negotiations To expedite resolution and control the cost of any dispute, controversy, or claim related to these Terms of Use (each "Dispute" and collectively, the “Disputes”) brought by either you or us (individually, a “Party” and collectively, the “Parties”), the Parties agree to first attempt to negotiate any Dispute (except those Disputes expressly provided below) informally for at least thirty (30) days before initiating arbitration. Such informal negotiations commence upon written notice from one Party to the other Party. Binding Arbitration Any dispute arising from the relationships between the Parties to this contract shall be determined by one arbitrator who will be chosen in accordance with the Arbitration and Internal Rules of the European Court of Arbitration being part of the European Centre of Arbitration having its seat in Strasbourg, and which are in force at the time the application for arbitration is filed, and of which adoption of this clause constitutes acceptance. The seat of arbitration shall be Manchester, England. The language of the proceedings shall be English. Applicable rules of substantive law shall be the law of England. Restrictions The Parties agree that any arbitration shall be limited to the Dispute between the Parties individually. To the full extent permitted by law, (a) no arbitration shall be joined with any other proceeding; (b) there is no right or authority for any Dispute to be arbitrated on a class-action basis or to utilize class action procedures; and (c) there is no right or authority for any Dispute to be brought in a purported representative capacity on behalf of the general public or any other persons. Exceptions to Informal Negotiations and Arbitration The Parties agree that the following Disputes are not subject to the above provisions concerning informal negotiations and binding arbitration: (a) any Disputes seeking to enforce or protect, or concerning the validity of, any of the intellectual property rights of a Party; (b) any Dispute related to, or arising from, allegations of theft, piracy, invasion of privacy, or unauthorized use; and (c) any claim for injunctive relief. If this provision is found to be illegal or unenforceable, then neither Party will elect to arbitrate any Dispute falling within that portion of this provision found to be illegal or unenforceable and such Dispute shall be decided by a court of competent jurisdiction within the courts listed for jurisdiction above, and the Parties agree to submit to the personal jurisdiction of that court. 16. CORRECTIONS There may be information on the Site that contains typographical errors, inaccuracies, or omissions, including descriptions, pricing, availability, and various other information. We reserve the right to correct any errors, inaccuracies, or omissions and to change or update the information on the Site at any time, without prior notice. 17. DISCLAIMER THE SITE IS PROVIDED ON AN AS-IS AND AS-AVAILABLE BASIS. YOU AGREE THAT YOUR USE OF THE SITE AND OUR SERVICES WILL BE AT YOUR SOLE RISK. TO THE FULLEST EXTENT PERMITTED BY LAW, WE DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, IN CONNECTION WITH THE SITE AND YOUR USE THEREOF, INCLUDING, WITHOUT LIMITATION, THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. 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WE DO NOT WARRANT, ENDORSE, GUARANTEE, OR ASSUME RESPONSIBILITY FOR ANY PRODUCT OR SERVICE ADVERTISED OR OFFERED BY A THIRD PARTY THROUGH THE SITE, ANY HYPERLINKED WEBSITE, OR ANY WEBSITE OR MOBILE APPLICATION FEATURED IN ANY BANNER OR OTHER ADVERTISING, AND WE WILL NOT BE A PARTY TO OR IN ANY WAY BE RESPONSIBLE FOR MONITORING ANY TRANSACTION BETWEEN YOU AND ANY THIRD-PARTY PROVIDERS OF PRODUCTS OR SERVICES. AS WITH THE PURCHASE OF A PRODUCT OR SERVICE THROUGH ANY MEDIUM OR IN ANY ENVIRONMENT, YOU SHOULD USE YOUR BEST JUDGMENT AND EXERCISE CAUTION WHERE APPROPRIATE. 18. LIMITATIONS OF LIABILITY IN NO EVENT WILL WE OR OUR DIRECTORS, EMPLOYEES, OR AGENTS BE LIABLE TO YOU OR ANY THIRD PARTY FOR ANY DIRECT, INDIRECT, CONSEQUENTIAL, EXEMPLARY, INCIDENTAL, SPECIAL, OR PUNITIVE DAMAGES, INCLUDING LOST PROFIT, LOST REVENUE, LOSS OF DATA, OR OTHER DAMAGES ARISING FROM YOUR USE OF THE SITE, EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN, OUR LIABILITY TO YOU FOR ANY CAUSE WHATSOEVER AND REGARDLESS OF THE FORM OF THE ACTION, WILL AT ALL TIMES BE LIMITED TO THE AMOUNT PAID, IF ANY, BY YOU TO US DURING THE six (6) mONTH PERIOD PRIOR TO ANY CAUSE OF ACTION ARISING. CERTAIN US STATE LAWS AND INTERNATIONAL LAWS DO NOT ALLOW LIMITATIONS ON IMPLIED WARRANTIES OR THE EXCLUSION OR LIMITATION OF CERTAIN DAMAGES. IF THESE LAWS APPLY TO YOU, SOME OR ALL OF THE ABOVE DISCLAIMERS OR LIMITATIONS MAY NOT APPLY TO YOU, AND YOU MAY HAVE ADDITIONAL RIGHTS. 19. INDEMNIFICATION You agree to defend, indemnify, and hold us harmless, including our subsidiaries, affiliates, and all of our respective officers, agents, partners, and employees, from and against any loss, damage, liability, claim, or demand, including reasonable attorneys’ fees and expenses, made by any third party due to or arising out of: (1) your Contributions; (2) use of the Site; (3) breach of these Terms of Use; (4) any breach of your representations and warranties set forth in these Terms of Use; (5) your violation of the rights of a third party, including but not limited to intellectual property rights; or (6) any overt harmful act toward any other user of the Site with whom you connected via the Site. Notwithstanding the foregoing, we reserve the right, at your expense, to assume the exclusive defense and control of any matter for which you are required to indemnify us, and you agree to cooperate, at your expense, with our defense of such claims. We will use reasonable efforts to notify you of any such claim, action, or proceeding which is subject to this indemnification upon becoming aware of it. 20. USER DATA We will maintain certain data that you transmit to the Site for the purpose of managing the performance of the Site, as well as data relating to your use of the Site. Although we perform regular routine backups of data, you are solely responsible for all data that you transmit or that relates to any activity you have undertaken using the Site. You agree that we shall have no liability to you for any loss or corruption of any such data, and you hereby waive any right of action against us arising from any such loss or corruption of such data. 21. ELECTRONIC COMMUNICATIONS, TRANSACTIONS, AND SIGNATURES Visiting the Site, sending us emails, and completing online forms constitute electronic communications. You consent to receive electronic communications, and you agree that all agreements, notices, disclosures, and other communications we provide to you electronically, via email and on the Site, satisfy any legal requirement that such communication be in writing. YOU HEREBY AGREE TO THE USE OF ELECTRONIC SIGNATURES, CONTRACTS, ORDERS, AND OTHER RECORDS, AND TO ELECTRONIC DELIVERY OF NOTICES, POLICIES, AND RECORDS OF TRANSACTIONS INITIATED OR COMPLETED BY US OR VIA THE SITE. You hereby waive any rights or requirements under any statutes, regulations, rules, ordinances, or other laws in any jurisdiction which require an original signature or delivery or retention of non-electronic records, or to payments or the granting of credits by any means other than electronic means. 22. MISCELLANEOUS These Terms of Use and any policies or operating rules posted by us on the Site or in respect to the Site constitute the entire agreement and understanding between you and us. Our failure to exercise or enforce any right or provision of these Terms of Use shall not operate as a waiver of such right or provision. These Terms of Use operate to the fullest extent permissible by law. We may assign any or all of our rights and obligations to others at any time. We shall not be responsible or liable for any loss, damage, delay, or failure to act caused by any cause beyond our reasonable control. If any provision or part of a provision of these Terms of Use is determined to be unlawful, void, or unenforceable, that provision or part of the provision is deemed severable from these Terms of Use and does not affect the validity and enforceability of any remaining provisions. There is no joint venture, partnership, employment or agency relationship created between you and us as a result of these Terms of Use or use of the Site. You agree that these Terms of Use will not be construed against us by virtue of having drafted them. You hereby waive any and all defenses you may have based on the electronic form of these Terms of Use and the lack of signing by the parties hereto to execute these Terms of Use. 23. CONTACT US In order to resolve a complaint regarding the Site or to receive further information regarding use of the Site, please contact us at: SKILLSERVE TECH LTD Bartle House Manchester, Greater Manchester M23WQ England Phone: (+44)0330 320 1929 help@suaz.co.uk
- File Dormant Company Accounts with Ease | Start Up A-Z
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 Why Choose Start Up A-Z? About UK Company Formation In the UK, we use the national registrar of companies, Companies House, to form new businesses. You can do this yourself, using the Companies House website found here. It costs a one-off £12 filing fee to form your company and subject to checks, your business will be formed, usually within 48 hours. Why Choose a Formation Agent? Customer Service Most Company Formation agents are here to help and advise you, as a customer you have a right to be treated with respect and understanding through, what can be, a complex and daunting process. Extra Perks You’ll be given a few freebies and introductions alongside your company formation to introduce you to businesses and products or services that can help your company thrive. Easy Process Most formation agents have perfected the process to enable Companies to be formed in as little time, and as few clicks as possible. It’s in our, and your, interests to make the process quick and concise. Why Choose Start Up A-Z? We make things simple. With Start Up A-Z, your application can take as little as two minutes. Why? Because we make some fair assumptions along the way. We know our customers aren’t big, complex companies, they are small and starting, often meaning that a lot of the information that lengthens the Companies House process is not applicable. We support. Not only do we give help and advice to you during your company formation, but also into to the future, as you need it. We and our partners are here to be the reliable foundation stone of your business. This means your calls and questions are just as welcome on day one-thousand as day one. Should I be a Limited Company or a Sole Trader? Limited Company As a limited company, you enjoy limited liability which protects your personal assets. Unlike sole traders, a limited company is legally separate from its business owner, who has limited liability. Having 'limited liability' status means the company is an entity in its own right. This has several advantages. Assuming no fraud has taken place, 'limited liability' means you will not be personally liable for any financial losses made by the business. A limited company can give you added protection, should things go wrong. Because a limited company is a distinct entity from its owners, it may be a little easier for a company to secure business loans and investment. A limited company may benefit from tax advantages. You would be advised to seek professional help to make maximum use of the rules and regulations with regard to pensions, dividends and car ownership. Sole Trader A sole trader is somebody who runs their business as an individual, they are the sole owner of the business and any profit after tax is theirs. However, as a sole trader, you will be personally responsible for your company's debts, so your personal assets could be at risk. How do I start a Limited Company? Companies House The first thing you need to know when starting a limited company is who Companies House are. Companies House are a UK government executive agency who register UK company information. This means that they are the body that incorporates, dissolves and publishes information on all UK companies. Key Responsibilities: incorporate and dissolve limited companies examine and store company information make information available to the public What is a Limited Company? Limited by shares companies are usually businesses that make a profit. This means the company: is legally separate from the people who run it has separate finances from your personal ones has shares and shareholders can keep any profits it makes after paying tax At Start Up A-Z, we only form Limited Companies, making your options as a new business extremely straightforward. We believe that a Limited company is usually the best option for those new to business and have made a concerted effort to make the process as easy as possible. Our Simple Process Choose a company name and check if it's available. We form Ltd and Limited companies. Enter your personal information so we can add you as the companies director. Your director information will be on Companies House. Enter your company information. This will also be submitted to Companies House and be available online. Review your application and make sure everything is correct. We'll submit your application to Companies House and your company will be formed. Should I be a Limited Company or a Sole Trader? Limited Company As a limited company, you enjoy limited liability which protects your personal assets. Unlike sole traders, a limited company is legally separate from its business owner, who has limited liability. Having 'limited liability' status means the company is an entity in its own right. This has several advantages. Assuming no fraud has taken place, 'limited liability' means you will not be personally liable for any financial losses made by the business. A limited company can give you added protection, should things go wrong. Because a limited company is a distinct entity from its owners, it may be a little easier for a company to secure business loans and investment. A limited company may benefit from tax advantages. You would be advised to seek professional help to make maximum use of the rules and regulations with regard to pensions, dividends and car ownership. Sole Trader A sole trader is somebody who runs their business as an individual, they are the sole owner of the business and any profit after tax is theirs. However, as a sole trader, you will be personally responsible for your company's debts, so your personal assets could be at risk. What do I do after Company Formation? Firstly, Congratulations! If you're reading this you've probably formed a company and are looking for your next steps. It's important at this point to pat yourself on the back! You've formed a business, taken a step to personal improvement and opened up a world of opportunities. From everyone at Start Up A-Z and Business Support Club, well done! What Comes Next? You'll now need to consider what your business needs to do in order to trade legally in the UK and beyond. We'll highlight a few key areas, but we strongly recommend using the following Companies House tool to work out your next steps. Consider VAT - Are you going to turn over more than £85,000? If so, you will need to register for VAT Corporation Tax - All Businesses must register for Corporation Tax within the first 3 months PAYE - Are you planning on taking on employees? If so, you'll need to register for PAYE Licenses - What licenses do you need to run your business? Insurance - It's likely that your new business will need insurance. You can find insurance brokers on Business Support Club Grants/funding - How are you going to fund your business? There may be government help if you seek it Use The Checklist We highly recommend using the Companies House checklist. It's packed with information and will tell you all you need to know about the next steps, no matter what your business. How do I set up business bank accounts? Let's get straight to it After forming a company, one of the first things most people do is apply for a business bank account. Doing so straight away as a smart move! While you can trade through director loans and using your personal account, in practice, it's always much easier to use a business bank account. Remember, a Limited company is a separate entity, it's best to operate with that in mind. What do we recommend? You have lots of options these days when it comes to business bank accounts. The high street is competing for your custom with new online rivals. We reccomend that the quickest way to get an account open is to use your personal provider, applying for a business account through them. Having said that, there are plenty of alternatives. Consider avoiding... You should know that applying to a high street bank that you do not already have a relationship with can be a long and frustrating process. Similarly, some firms, claiming to offer business bank accounts only offer limited services through a prepaid card. Many also don't like accepting international payments so it is important to know what the limitations of the bank you are applying to are. Especially if they are a neo online bank provider. The bottom line We recommend: Setting up your account ASAP Choosing a business you already know Researching the online offerings Applying for a bank account with a good promotion How do Ready Made Companies Work? Choosing to form a new business and sourcing suppliers can lead to let-downs, dead ends & delays. A Readymade Company is pre-registered, just waiting to be transferred into your name and allowing you to start trading TODAY. Is a registered office address required by law? Yes, UK limited companies are required by government bodies such as Companies House to register an address for the receipt of official communications. By subscribing to one of our plans, you can use our Manchester address as your registered office address, establishing a credible business image while keeping your personal address private. Will you receive and forward all my mail if I become a member? All our membership plans include receiving, scanning and digitally forwarding official and statutory mail. Receiving and forwarding of business mail such as invoices and supplier communications varies depending on your chosen plan. Click HERE to see more information on our membership plans. What is the difference between statutory mail and business mail? Official government mail includes post from the following UK governing bodies: • Companies House • HM Revenue & Customs (HMRC) • HM Court documents (including Tribunals Services and Sheriff Court) • Office for National Statistics (ONS) • Information Commissioner’s Office (ICO) • Department of Work & Pensions (DWP) • UK Government Gateway • Intellectual Property Office (IPO) • Ministry of Justice (MoJ) • The Pensions Regulator (TPR) • The Insolvency Service • UK Border Agency How can I become a member? 1. Choose the plan that best fits your business and subscribe. You will be directed to the business support club platform where you can avail of our services. Fill in the required details and choose your preferred payment method using PayPal or Stripe. 2. Once you have successfully paid, your account will be set up. We will send you a simple questionnaire to inform us of your company details and personal details. You will also be required to supply photo identification and proof of address. After completing the information needed, we will notify you that your account is set up and activated. 3. You will receive a confirmation email with the address you can use. Then, change your registered office address on Companies House HERE or through post. Statutory mail will then be received at our address and forwarded to you. For more advanced plans, business mail will also be received and forwarded to you. Alternatively, you can also subscribe to a plan by contacting us at 0330 320 1929 or sending us an email to help@suaz.co.uk. We can also gladly assist you by appointment should you prefer to visit our location at Bartle House, Manchester. Are your plans flexible? Yes, at SUAZ we make it easy to upgrade your plan by providing add-on options for any excess mail when you need it. For inquiries and requests, you can contact us at 0330 320 1929 or send us an email to help@suaz.co.uk. We can also gladly assist you by appointment should you prefer to visit our location at Bartle House, Manchester. Can I use my virtual office address as a Director Service Address? Yes, our premium plan includes one (1) use of our address for the director or officer of your company. Anyone registered as a director or officer of a UK limited company must be prepared to give a correspondence address that will be visible on the public register. To use our address as your Director Service Address, subscribe to our premium plan HERE. How can I change the Registered Office Address of my company? You can change your registered office address online or by post. You can sign into the Companies House Webfiling service HERE or submit an AD01 form by post. You must complete the change within 14 days the change took place. What IDs and documents do you require to subscribe to any membership plan? At SUAZ, we see to it that we comply to Anti-Money Laundering (AML) and ‘Know Your Customer’ requirements and regulations. We will need a proof of ID and proof of address to proceed with your application which can be as follows: Proof of ID: • Passport • Photocard driving licence • Government-issued ID card Proof of address: • Utility bill • Bank statement • Mortgage statement How long is your contract? Our contract length PLACE HERE …Please note that we do not automatically renew your contract at the end of the term. However, we will send you a renewal notice email one month before the term ends. Can the SUAZ virtual office address be used on my ‘Google My Business’ profile? We do not have services for this at the moment. However, other business directories may allow its use as your business address. Do you have a virtual receptionist to answer my business calls? As our virtual office packages currently do not include a virtual receptionist, SUAZ offers a virtual receptionist with a separate plan. You can click HERE to know more about our virtual receptionist services. Can I hold physical meetings at your location? Yes, if you have subscribed to our premium plan, you get access to our meeting room for 30 minutes per calendar month. Additionally, with our professional plan, you get a sign-up bonus of 1 hour use of our meeting room. The meeting room can accommodate up to (how many pax?) PLACE HERE Why do I need a Registered Office Address? UK limited companies are legally required to have a UK registered office. Our registered office service covers use of our address for official government mail only. This address cannot be used for general business correspondence, for which you must also purchase our Business Address Service (Our Virtual Business Plus package covers both official and business mail). Using a Registered Office Address has the added benefit of protecting your personal address from appearing on the public register. What is included as official mail and is mail forwarding free? Official government mail includes post from the following UK governing bodies: Companies House HM Revenue & Customs (HMRC) HM Court documents (including Tribunals Services and Sheriff Court) Office for National Statistics (ONS) Information Commissioner's Office (ICO) Department of Work & Pensions (DWP) Government Gateway Intellectual Property Office (IPO) Ministry of Justice The Pensions Regulator (TPR) The Insolvency Service UK Border Agency How does the Telephone Answering Service work? We will give you a London (0203) phone number which you can either use as your own number or you can divert calls to it when you are busy. When your number is called, we answer it in your company name. We then let the caller know that the extension is busy, you are in a meeting or calls are going to voicemail (or anything else as instructed by you). We will take a message and their contact information, which are all immediately uploaded to your online admin account and sent to you by email and via the MYCO smartphone app. What's included in the Document Filing service? We can file your yearly confirmation statement directly with Companies House. It's is a legal requirement which can be done by you, or we’ll take care of it on your behalf to save you the hassle. We’ll also send ongoing reminders yearly to make sure you don’t forget. 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. What kind of company can you set up? Here at SUAZ, we form limited companies. Operating as a limited company can give your business credibility and your customers confidence in your business. And once your company name is registered as a limited company, it's protected by law and no one else is allowed to use it. As for the industry or nature of your company, the choice is yours - all we ask is that your company has only a single director. Why should you set up a company? Setting up your own business can be life-changing. When you’re your own boss, you’ll be motivated to do the best work possible and make your work life exactly how you want it. You’ll be in charge of your work-life balance, can follow your passion and fulfil what may be your life-long dream. And while it may take a while to get your company off the ground, you’ll be working towards complete financial independence and security. With SUAZ, you’ll have all the support you need to set up your company quickly and successfully, knowing that you’ve got experts at hand. Can you set up a company on your own? You can set up a company on your own through Companies House. It costs a one-off filing fee of £12 to form your company and should all be approved, your business will usually be formed within 48 hours. Using a company formation agent like SUAZ can alleviate any stress or confusion that comes with starting a business. We can take care of everything for you and give you the support and guidance you need, so you can focus on making your business dreams a reality. What support is available after you’ve set up your company? We’re not only here during your company formation process. We’re here when you need us every step of the way, as and when you need a helping hand. Whether you have a question about your business, or have misplaced one of your documents , we’re always at the end of the line. What else do you need to start a business? What you need to get your business up and running will ultimately depend on the nature of your business. Once your company is formed, your next steps are: Checking if you need any licences or permits Making sure you have the right type of business insurance Sorting out your business’ address - if you’re looking to avoid the cost and maintenance of renting an office space, our virtual office address service may suit you Organising your business’ finances - with our Company Pro package you’ll get a Trilogy Business bank account to get you started Can you close your company down if you change your mind? It’s always a good idea not to rush into starting a business - make sure you’re both mentally and financially ready. If you have any doubts, feel free to get in touch with us and ask any questions before you jump into any decisions. But if you change your mind and decide it isn’t the right time to start your business, you’ll have the option to dissolve it - you’re only human after all! Just let us know and we can help you dissolve your company for £24.99. Can you set your UK company up from abroad? Unfortunately, our service is only being made to UK residents. As part of the formation application, you will be required to verify your identity and confirm your residence in the UK. Can you help with startup finance? If you’re looking to start your own business, you’ll know that it can take a significant amount of money to get it off the ground. Instead of applying for a bank loan and waiting for it to be approved, or dipping into your hard-earned personal savings, you can give your business the financial boost it needs to thrive with Start Up A-Z’s fixed-rate finance. Take a look at how our startup finance can help your business to grow. What should you list as your company address? When starting a business, you’ll need to decide where your place of work will be. For new businesses just starting out, it can be costly and often unnecessary to rent and maintain an office space. But having a company address can help your business to establish a professional image from the get-go. If you’re looking for a company address without the cost of renting an office space, our virtual office packages could be just what you need. Virtual office gives you a mailing address right in the heart of Manchester to help you establish a professional image, and maintain your privacy too. How do I book a meeting room? Our meeting rooms are bookable online via your account admin panel under the tab titled 'Meeting Space'. This tab will only appear if you are eligible to book a meeting room. You can also reserve a meeting space on the go by downloading our ‘MYCO Meeting’ app on Android or the App store. Bookings are not official until you have received a confirmation email from us. What are the partnership perks with Business Support Club? Search our extensive marketplace to source trusted local and national product and service providers, to help get your new business off the ground. Looking for... Branding experts? Certified accountants? Legal specialists? Stationary suppliers? Printers? Domain and email hosting? Web developers? They're all on BSC... plus more! Reduce your costs Save time and effort It's free and you'll love it! 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 Dissolve a Company We can help you dissolve your Limited/Ltd company by submitting a DS01 form on your company's behalf with Companies House. 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!