1. What Does LTD Mean? LTD stands for “Limited” and refers to a private limited company. It is a legal business structure commonly used in the UK. When a business is registered as an LTD, its liability is limited to…
1. What Is a Tranche?A tranche is a portion, slice, or segment of a financial product, such as a loan, investment, or bond. The word originates from the French term meaning “slice.” In finance, it allows large deals to be…
1. Innovate UK GrantsAimed at innovative startups and growing firms in science and technology sectors, these grants support research, development, and commercialisation of cutting-edge solutions. 2. The Prince’s Trust Enterprise ProgrammeThis programme provides grants, mentorship, and business training for young…
1. Why Start a Business? Starting your own business gives you control over your career, income, and lifestyle. Whether it’s a side hustle, freelance service, or full-time venture, it offers independence, flexibility, and long-term growth potential. 2. Define Your Business…
1. What Is a Franchise? A franchise is a business model where you (the franchisee) purchase the rights to operate a branch of an established brand. In return, you follow the franchisor’s system, pay ongoing fees, and benefit from their…
1. What Is Corporation Tax? Corporation tax is a tax that UK limited companies pay on their profits. This includes: It’s a mandatory business tax for all registered companies, and accurate computation ensures compliance with HMRC rules. 2. Corporation Tax…
1. Who Can Claim VAT Back in the UK? To claim VAT back, you must: If you’re not VAT-registered, you cannot reclaim VAT. 2. What VAT Can You Claim Back? You can claim VAT on: You cannot reclaim VAT on:…
1. Validate Your Business Idea Before investing time and money, make sure your idea is viable. Ask: Talk to potential customers and gather feedback to refine your concept. 2. Write a Business Plan Your business plan is your roadmap. Include:…
1. Personal SavingsUsing your own savings is the most straightforward way to finance your business. It offers full ownership without debt or outside influence, though it comes with personal financial risk. 2. Start Up Loans (British Business Bank)The UK Government-backed…
1. What Is an Off Licence? An off licence, or off-licence, is a retail shop in the UK licensed to sell alcohol for consumption off the premises. Unlike pubs or bars (on-licences), off-licences sell sealed containers of alcohol for home…
