Accountant and client shaking hands


Take the stress out of starting a business on the right foot. Let Lyel Accountants take care of the details for you.


So you’ve decided to start your own business. Congratulations! You’re all set to share your new ideas with the world – well, almost. First, you need to complete several legal formalities to set up your business.

Don’t worry, though, because the experts at Lyel Accountants are all too glad to help you ace every step. When starting your own business, there are multiple considerations to take into account, so you have the best shot at success. Some questions you need to ask yourself include the following:
  • Do I have a comprehensive, step-by-step business plan?
  • Do I have a budget in place for the business setup costs?
  • Do I have a plan for what the business cash flow will look like?
  • Where will I get the necessary funding – from my pocket or an investor’s help?
  • What business structure is most appropriate for me – sole trader, partnership or LLC?
  • Will I be running my business from home, or will I rent/buy a commercial unit?
  • Will I be hiring staff to help me out? Will they be on the business payroll or hired as independent contractors?
All of these can seem daunting when you’re starting out, so you should work with Lyel Accountants to get your business up and running. Share your enquiry


As long-time experts in accounting services, we help with the A to Z of company formation, from advice on setting up to payroll management to tax services to ongoing advisory support. Among the company formation services you get access to are:

  • Tax planning
  • Managing accounting and payroll
  • Choosing the right accounting software
  • Registration with HMRC and Companies House
  • Advice on the appropriate business structure
  • Preparing and submitting finance applications
  • Drawing up a business plan, budgets and cash flow projections
  • Completing and filing Confirmation Statement (or Annual Return)
  • Ongoing administration assistance so that your business stays fully compliant with all regulations
  • Amendments to company officers, Memorandum, Articles of Association as well as authorised and issued share capital, wherever necessary
Plus, if you wish to keep your business’ registered address separate from your trading address, we can act as your registered office! Isn’t that great? Talk to us today

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