Business

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Revision as of 15:52, 28 January 2018 by Milk (talk | contribs) (→‎Setup)
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  • a responsive website for desktop, mobile and tablet
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Social news






Setup

Business structure

So what is a business structure: Business structures are predetermined processes established by the government of each country through which a business chooses to govern itself, become liable for tax and keep important financial records.

It is a mouthful because I am trying to get everything into it. In other words a business structure is:

  1. Established by the government
  2. Helps an individual starting in business to be free to choose the structures they prefer (as long as they meet the criteria)
  3. In place to determine the time and method of taxation


The good news is that none of the business structures chosen are cast in stone. It is possible to always change the structure you choose if you or your business has outgrown the process.

In the UK there are several types of business structures; the common ones are:

  1. Self-Assessment aka Sole Trader aka Self-Employed
  2. Limited Companies aka Ltd. aka Limited by shares
  3. Charities aka CIO’s, aka Charity
  4. Limited by Guarantee Companies
  5. Community Interest Companies aka CIC
  6. Partnerships
  7. Limited Partnerships





You must set up the company with Companies House and let HM Revenue & Customs (HMRC) know when the company starts business activities.

Every financial year, the company must:

  • put together statutory accounts
  • send Companies House an annual return
  • send HMRC a Company Tax Return

The company must register for VAT if you expect its takings to be more than £77,000 a year.

If you’re a director of a limited company, you must:

  • fill in a Self Assessment tax return every year
  • pay tax and National Insurance through the PAYE system if the company pays you a salary


Pedlary

Sole Trader


Partnership


Limited Company (LTD)



Company limited by guarantee (LBG)


Limited liability partnerships (LLP)

Limited liability company (LLC)

Community interest company (CIC)


Business plan



Social Enterprise

Work

Freelancing

Contracting

  • IPSE (The Association of Independent Professionals and the Self Employed)

Consulting

Proposals

Examples

Legal

Contracts

IR35



Licencing

See Free/open

Data Protection

See also Security

Terms and conditions

"Your business website must include your address and contact details, privacy policy, terms and conditions, exchange and refund policy, quality commitment and information about delivery and payment. Stock availability and pricing should be kept up to date and you must state how much VAT and post and packaging is payable per item." [5]

Trading standards

Duty

Information

Postage and packaging

See Delivery

Sales

  • The Horizontal Distribution Hack - “Send Your Friends a Diwali Gift” went viral in India the way “Free Gfits” never did. “Crazy Taxi” went viral the way “Free Flash Games” never did. “Seinfeld TV Quote Quiz” went viral the way “TV Quotes Quiz” never did. And the best part? This still works today. And even more powerfully on mobile.


  • https://en.wikipedia.org/wiki/Private_label - Private-label products or services are typically those manufactured or provided by one company for offer under another company's brand. Private-label goods and services are available in a wide range of industries from food to cosmetics to web hosting. They are often positioned as lower-cost alternatives to regional, national or international brands, although recently some private label brands have been positioned as "premium" brands to compete with existing "name" brands.

Mobile

Networking

Lifestyle

Other



Scotland

Support

Setting up

Scottish Government

Business Gateway

  • Scotland's Business Gateway provides practical information and help to you and your business. Whether you are starting out or looking to grow your business, this site will help you find support, offer you the latest on regulation and tax, and provide an access point for other public sector services you might need now or in the future.

Scottish Enterprise

Edinburgh

Edinburgh University

Chambers of Commerce


Social Enterprise

  • Senscot - For Social Entrepreneurs in Scotland
  • Firstport supports new and emerging social entrepreneurs across Scotland.


Other

  • SCOTBIS (Scottish Business Information Service) National Library of Scotland access to market research reports, business databases, international directories, and business and trade journals.
  • Scottish Business in the Community is one of the Prince's Charities in Scotland, supporting and challenging its private sector members and its partners to improve their impacts on the economy, environment and society.
  • ScotlandIS- Trade body for the information and communications technologies (ICT) industry, ScotlandIS represents around 200 software, telecomms, IT and creative technologies businesses throughout Scotland.
  • MEDIA Antenna Scotland - Creative Scotland also hosts and co-funds MEDIA Antenna Scotland, the information office of the European Union’s MEDIA Programme which offers a wide variety of funding for film, television and new media. MEDIA offers funding for development, training, distribution, markets and festivals.
  • Creative Scotland offers a range of investment opportunities across the arts, screen and creative industries through a range of initiatives, projects and activities designed to develop talent, audiences and businesses across the country.

UK

Europe

Funding

  • Funding Scotland - Signposting funding opportunities for Charities, Community Groups and Businesses around Scotland.

Remote