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.

Tomorrow Begins Today with Business Builder

Dreaming about your future business? Get started today by signing up to our free online Business Builder course.

Start with a vision

Kelly Phillips and Michael Skelly, co-founders of Connect Studios, started with a mission to inspire the next generation.

Sign up to our free online Business Builder course and learn how to create a vision today.

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.

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.

Our online accounting package

FreeAgent, the 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: Support on how to run your business day to day

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

Something else we can help you with?