Interestingly, more than 99% of businesses operate in the sector of SME (small and medium-sized). SME are the drivers of the British economy as they provide more than 60% of employment in the private sector. It may mean that opening a new business in the UK is easy. Let’s consider if it’s so. 

Before starting an enterprise in the UK, you need to check the website of the World Bank or the related sites to get to know about legal requirements for launching new ventures. There are no requirements regarding minimum capital. You need to pay for registration, but registering in the tax office is free. Good news is that you can complete registration online and save your time. 

Further, you need to identify the type of your future business. The key legal forms of business involve:

· Sole trading

· Ltd (limited companies)

· Partnerships

More than 60% of SME are the sole proprietorship, 32% - ordinary partnerships (Ltd) and 8% - partnerships. You can find a lot of useful information about registration process on the website of the UK government. Opening as a sole trader is the easiest way to start a business. You will get a National Insurance number and register in the tax office as a self-employed person. For example, if you need to start a writing company, any potential client can find your company on the internet by placing the following inquiry to write my essay for me in UK. 

 

Starting a limited company will require more time. The main steps are: 

· select a company’s name

· set up its address 

· register the company with Companies House 

· check director’s and one shareholder’s identity

· register the company for Corporation Tax

You will need the following documents to register your business in the UK:

· statement of capital 

· classification coding of the industry

· memorandum association

· articles of association

A partnership means that there are several owners of the business who share their responsibility. You can still be taxed as an individual in this case. Again, you will need to register as self-employed in the tax office. All partners should agree about profit sharing.  

Registering a company in the UK with Companies House costs only £12. You can do it online – it takes 24 hours to complete the registration. You can use a regular post office to register your company, but it’s more expensive. Hence, registering a company in the UK is as easy as a pie!