There are several factors to consider with company formation. Try and prioritise, because there are some points that can wait until after the company is formed. The five points below are factors you should definitely be thinking about.

First of all, find yourself a good accountant. Don't try and avoid the cost. A good accountant will normally save you what they charge. As well as peace of mind, they can help you avoid the pitfalls of running your own business. Never start anything without the advice of a good accountant.

The first job an accountant will do, is help you decide whether to register for VAT. This is an important decision to make at the offset. If you never expect to hit the VAT threshold, then it is worth avoiding. However, some clients will expect you to be VAT registered. It is also practically speaking, better to register before rather than later.

While setting up a website might not be the top priority of a lot of new business owners, it certainly should be. Everyone checks your website these days. You don't have to sell online, just have a website with your products or services explained. Whatever you do, don't go for a cheap design. There are so many poor web designers around. A cheap web site says a lot about you. Pay for a god designer and ask them to set you up a blog. Technology isn't a bad thing!

Next you will need to look into hiring staff. For payroll it is advised you let your accountancy firm help. Looking after staff requires lots and lots of different skills. If you aren't experienced with managing people, you will need to learn how to in a hurry! One final pointer to consider is whether you are going to be working from home, or from an office. An office is definitely advised if you are going to be taking on staff. Finding cheap offices is not difficult. Month to month rentals can be found for cheap office units.

Whatever your business, it is important to be well prepared and to plan out as much as you can before starting your business. It is also worth remembering though, you will learn much more when you are hands on and plunged knee deep into the day to day running of a company. Here is to your success!