Define the activity before the paperwork
Business First explains the registration routes and activity-related requirements. Company registration is only one part of setting up: permissions depend on the work proposed.
- Write a short description of the activity, customers, operating location and intended start date.
- List owners, expected staff, estimated income and spending, and any premises or equipment needed.
- Check whether the activity needs a licence, permit or separately regulated professional input.
Compare the structure and registrations
Discuss self-employment and incorporation in light of ownership, risk, administration and tax circumstances. The MBR sets out the company formation process; registering a company does not resolve every tax or employment obligation.
- Compare the accounting, filing and administrative work under each suitable structure.
- Identify the registrations relevant to the activity, including tax, VAT and employment where applicable.
- Confirm who will complete each step and retain the resulting confirmations.
Establish a workable records routine
A useful initial discussion needs a summary, not a bundle of identity or financial documents. Agree the scope and document-sharing arrangements first.
- Choose how sales, purchases and business payments will be recorded.
- Prepare a simple budget and cash-flow forecast, clearly identifying assumptions.
- Keep business records organised by period and arrange a calendar of the actual obligations confirmed for the business.
Sources & further reading
- Business First · Registration of a business ↗
- MBR · Formation and registration ↗
- MTCA · VAT registration: current registration types ↗
General information, reviewed on the date shown. Rules and guidance can change; the appropriate treatment depends on your circumstances. This note is not a substitute for advice on your specific position.