I'm looking for advice on what I need to do to set up a new H&S Limited business. I've registered with company house, set up business account and spoken to my accountant. Still need to sort out insurances! Have I missed anything important? any tips and helpful advice appreciated. Thanks.

Good morning AOB

WatsonD points the way.

Much will depend on whether you have an existing client base or whether you are starting from scratch.

....and if you have an existing client base, it might be that you are advising them on the basis of a second job for you, so you would have to make up your mind as to whether to end your employment in one job, and, if so, when, so that you can concentrate on your own consultancy business.

However, you also need to consider what services you will and, perhaps more importantly, will NOT offer, with an eye to your Professional Indemmity Insurance as well as your professionalism.

Nothing wrong with stretching yourself beyond your comfort zone as long as you don't dabble in topics which you cannot be competent to deal with even with a little research.

You also need to consider how much you want to earn, how many days/hours a year you want to work to help inform your pricing strategy.

Depending on the nature of your Clients, the hardest thing to do might be getting them to pay their invoices and reasonably quickly. Many a small business has gone under as their Clients take more than 90 days to pay the bills. You might think about setting maximum times for payment and writing this into a Contract but if they are bigger than you, then it's unlikely to will be in pole position when it comes to Conditions of Contract.

Good luck, Peter