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Simpson23992  
#1 Posted : 21 May 2016 11:30:15(UTC)
Rank: New forum user
Simpson23992

I am considering setting up a CDM/H&S consultancy but there are lots of options/routes. Does anyone have a checklist of legal requirements on setting up company or partnership. Has anyone thought of setting one up and looking for a business partner? There are some great opportunities out there. I have weekly enquireies for work so looking to make the jump. As Chartered status in east midlands I'm hoping this will be qualification there looking for. Any advice or interest let me know.
jksimbob  
#2 Posted : 21 May 2016 22:25:35(UTC)
Rank: New forum user
jksimbob

Hi, I have recently taken the plunge and started a full-time HSE consultancy. Not sure of any specific "legal" requirements but certainly lots of other business requirements which have kept me busy (Ltd Co name, logo, bank, accountancy, website etc etc). I have spent so much time getting the business side of things up & running allowing very little time to focus on actually getting out there and doing the job. Chicken & egg scenario really, cant do one without the other! Hopefully now in a position to get out there and get working to earn some cash now I have a couple of clients under my belt - patience and persistence seems to be key..
Simpson23992  
#3 Posted : 22 May 2016 18:33:24(UTC)
Rank: New forum user
Simpson23992

jksimbob Thanks for reply glad everything working out for you. I'm snowed under with clients looking for easy way of getting support without crazy recruitment fees?? Cheers
Darren Bedson  
#4 Posted : 30 May 2016 17:20:58(UTC)
Rank: Forum user
Darren Bedson

Hi As a consultant you will be working with various clients who are relaying on you to give them the correct up to date advice on legislative requirements specific to their business sector so a very important requirement once you set up and before giving advice to anyone is Professional Indemnity Insurance which some people ask for up to £5m worth of cover. If you have specialised in a certain sector i would recommend that you concentrate on that area of expertise. It is daunting when having to set up bank accounts, accountants, business cards, etc. but, worth all the time and effort. i would also recommend getting out and about business networking at some event local to you so local business owners get to know you.
RayRapp  
#5 Posted : 30 May 2016 21:19:52(UTC)
Rank: Super forum user
RayRapp

I setup my own company when I was a consultant with the assistance of a recommended accountant - it was not such a big deal. However after the project work dried up during the recession I opted for a full-time role. I did do some SME and associate work prior to going back to PAYE, but I found it very hard work because the smaller companies are only interested the bottom line and legal compliance - nothing else. What you need is a couple of really nice big contracts to keep you ticking over. Good luck
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