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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 with that.) You’ll use it to pay suppliers, for customers to pay you and all sorts of day-to-day banking. And to keep your finances on track, you could use an accountant, or try our clever software package.

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.

You can join our friendly business community, attend Business Growth events, and there are also helpful add-ons so you can take payments online.

Our online accounting package

FreeAgent, our online accounting service, helps you to manage and track your business finances. NatWest Business current account customers get free access.

Do you need an accountant?

If you don’t have any experience managing your books, then hiring a specialist to do it for you could be a great idea.

Next step: grow your business

We’re here to support you throughout your business journey. Browse our business essentials tips and guidance to forecast your cash flow, understand your finances and grow your business.

Our quick guide to setting up and running your business

We’ve pulled together lots of tips for business owners to help you start, run and grow your business – bookmark it, or print it out so you can see where you are and what your next tasks will be.

Something else we can help you with?