How to start a business in a couple of hours

Plenty of people have ideas for businesses, but I am frequently amazed at how few understand exactly what’s involved in making that business a reality. It’s a question I get asked all the time, and it maddens me when I see people throw money at “company setup” services (normally charging a lot of money). In this post I want to walk through the exact legal steps you need to follow to get up and running with your business, with the hope that once you’ve seen how simple and quick it is, you’ll be inspired to break the shackles of employment and go forth as your own boss.

Before we begin…

Step one: incorporation

Sole trader

Partnership

Limited Liability Partnership (LLP)

Limited Liability Company (Ltd)

Still not sure?

Step two: setting up the legal entity

Final step: bank account

What next?

CEO & Founder of Firedrop.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store