Running your business

Set up your business

Business essentials

These are some of the most important aspects of setting up your new business, and whether you’re registering as a sole trader, limited company or partnership, you’ll need to know the rules.

Your legal set-up

Learn about the types of business you can set up and how to register them legally. There’s also helpful guidance on the rules that apply to businesses.

Business rates

You’ll need to know what business rates are, if you need to pay them, and who you pay them to when you set up your business.

Tools for your business

A business bank account is a great place to start your business journey. (We might be able to help you with that.) There’s also lots of tools that can make it easier for your business to grow, and for you to manage the time you spend on the business. Browse our selection, and choose from our bank accounts, business development programmes, card machines, online accounting packages all the way to our mobile app. They can all help make things go that little bit smoother when you’re starting out.

Our mobile app

Already registered for online banking? If you have then download our mobile app and bank from your phone. It’s secure, helping you to manage your finances 24/7 so you’re always in control of your money.

The bank account for start-ups

If you’ve been trading less than a year, this could be the account for you. You’ll get 18-months transaction fee free banking, then pay as you go (Standard Published Tariff after), plus 24/7 everyday banking support.

Online accounting package

FreeAgent accounting software helps you to manage your business finances. It's free as part of our business current account service for as long as you retain your bank account. 

Take payments anywhere, anytime

With payment solutions from Tyl you can get:

  • Next day settlement - with cash into your account the next business day
  • Card payments - in store, online or by phone
  • Key business insights - the handy Tyl portal allows you to track sales and more. 

Get started with Tyl today and you won’t have to pay card machine hire fees for the first 3 months.*

*Fees and eligibility criteria apply. See Tyl website for T&Cs.

Next step: Support on how to run your business day to day

Learn how to manage your cashflow, take payments and employ staff.