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Dedicated support for those starting a businesses

Get your new business idea off the ground, with the help of Lloydbottoms Chartered Accountants. We’re here to help clients throughout Bristol and South Gloucestershire, no matter where they are in setting up their new venture.

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Let us help you get started

Starting a business for the first time can be an exciting venture: knowing where to start is one of the biggest challenges. Fortunately, the team at Lloydbottoms is here to assist.

We have supported countless new-start businesses take their first few steps. We offer a full range of accountancy and tax services designed to help you get to grips with some of the essentials, and allow you to focus on getting your ideas off the ground.

Based in Bristol, we offer remote book-keeping and tax return services for convenient and efficient accountancy.

What can we help with?

Preparing a comprehensive business plan or reviewing an existing plan

Cash flow projections and profit forecasting

Budgeting

Accessing available grants/loans

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Finance and loan proposals

Company secretarial services

Payroll and HR obligations

General accounting advice and software

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Sole trader, partnership or limited?

When starting out, it’s important to decide if your business will be a sole trader, a partnership or limited company.

Sole traders, as the name suggests, can only be formed when you are the only person who owns and runs the unincorporated business. They are simpler to set up, but have unlimited liability (meaning if the business goes under, you are personally liable for debts)

Partnerships can involve two or more people. All partners are responsible for the business’ obligations. Much like a sole trader partnerships are easy to set up, and all partners are liable for taxes/debts.

Limited companies are a separate entity when it comes to asset ownership, taxes and debts. They also tend to enjoy more lending opportunities. However, they can be more complicated to run and must be registered with Companies House.

Financial accounting

Starting a business? Get in touch with the team at Lloydbottoms:

0117 957 3537.

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