Sole Trader Start Up Pack
Want to set up as a Sole Trader but not sure what you need to do?
Then let us do it for you via our 'simple' Sole Trader Start Up service:
The service includes everything you need to start up as a Sole Trader.
- complete a form
- send it back to us
- and we take care of everything else.
PLUS: You'll receive 4 really useful business guides – ensuring that you get your business off to a great start AND a 'Fast Track' Barclays Business Account. Want to reserve your limited company name to trade with in the future? You want our Sole Trader Plus pack!
|What's included in the packages?||
Sole Trader Plus
Company Name Reservation
A limited company name reserved for you, to prevent the name being taken by anyone else. England & Wales companies only.
We'll email you a one page form, simply fill it out and send it back to us. We'll do the rest!
Barclays Business Bank Account
A fast track, online, application service. Simply fill in a few brief details and Barclays will arrange an appointment with you.
TaxAssist Accountancy Consultation
Free accountancy consultation with a TaxAssist local accountant.
Business Start Up Guide
A specially written 77-page guide providing essential information for every new business.
How To Make A Profit Guide
Specially written 24-page profit guide providing essential information for your new company.
Tax and Financial Strategies Guide
Provides you with a whole range of tax tips and planning advice, geared to the small and start-up communities.
Barclays Start Up Pack
Barclays' complete guide to starting your business. Includes a business plan, cash flow forecast & profit and loss forecast.
NB. You need an NI number to apply as a sole trader.
Sole Trader FAQs
What do I receive with the HMRC Registration?
We'll register you as self-employed with HMRC. They will send you your Unique Tax Reference (UTR).
How long does the registration take?
You will receive your UTR from HMRC in approximately 6 weeks.
Can I trade before I receive my UTR?
Yes, absolutely! You just need to make sure you are registered within 3 months of trading.
How do I apply for my Barclays Business Bank Account?
A link will be provided in your purchase confirmation email, just follow it to access your bank account application (it’s a simple one page form to fill, then Barclays will contact you!). If you can’t find the email please contact us.
Will I get the guides through the post?
No, all guides are provided electronically as PDFs.
Where can I find my guides?
A link will be provided in your purchase confirmation email, just follow it to access all your guides. If you can’t find the email please contact us.
Are there any additional fees to pay?
Sole Trader: No, it's a one off payment.
Sole Trader Plus: Yes, but only for the company name reservation service. There is an annual maintenance fee of £49.99 which includes preparation & filing of all statutory requirements (confirmation statement & annual accounts). This ensures the company remains reserved for another year.
Should I be a sole trader or limited company?
Find out using our Sole Trader v Limited Company web app.
Need help registering for VAT?
We can do that too! We offer VAT Registration Assistance for £59.99.