HMO Success Podcast Episode 1 - LAUNCH Episode - How to Set up your HMO Business
The HMO Success Podcast with Wendy Whittaker-Large - A podcast by HMO Success - Fridays
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HMO Success Podcast Episode 1- LAUNCH Episode - How to Set up your HMO Business If you're just starting to set up your business, or have already started, this launch episode of the HMO Success podcast will explain exactly what to do to ensure you are compliant with the law and have all the practicalities covered. Here’s a useful ticklist to help you set up your new property business. Business Set Up Decide on business name Business Bank Account Set up Limited Company https://moneyfacts.co.uk/mortgages/guides/how-to-set-up-a-buy-to-let-limited-company/ Notify HMRC of trading status (Self employed / Ltd company etc) (https://www.gov.uk/new-business-register-for-tax) Legal Money Management Register with HMRC for Anti Money Laundering (https://www.gov.uk/guidance/money-laundering-regulations-register-with-hmrc) Client Account TPO Membership to Property Ombudsman (PRS) (https://www.theprs.co.uk/) Insurance Professional Indemnity & Public Liability Insurance Client Money Protection Insurance Marketing Design Logo (https://uk.fiverr.com/) Register domain name (*.co.uk / *.com) (https://uk.godaddy.com/) Set up email account Website set up Letterhead & other company docs template set up Data How well do you comply with data protection law: an assessment for small business owners and sole trader Register with ICO for Data Protection (https://ico.org.uk/for-organisations/register/)