1. [Registration](https://library.croneri.co.uk/po-heading-id_1b6F4DD0OkCeyXwiDCrLcw)
1.1. Companies House
1.1.1. Choose name and address
1.1.2. Choose directors and shareholders
1.1.3. Identify persons with significant control
1.1.4. Memorandum and Article of Association
1.2. HMRC
1.2.1. 3 months from starting to trade
1.2.2. Receive UTR
1.2.3. Directors for SA
1.2.4. Register as agent
2. [Obligations](https://library.croneri.co.uk/po-heading-id_36weoqQ13UahVQfiDpXDrw)
2.1. Keep accounting records
2.2. Choose accounting date
2.3. File accounts with Companies House
2.3.1. 9 months from end of period
2.4. Submit tax return
2.4.1. 12 months from end of period
2.5. Pay tax
2.5.1. 9 months & 1 day from end of period
3. [VAT](https://library.croneri.co.uk/po-heading-id_zGQyQdU_Lkiy7gznKeCA9Q)
3.1. Compulsory registration
3.1.1. Historical test
3.1.1.1. £85,000
3.1.2. Future turnover test
3.1.2.1. £85,000
3.2. Voluntary registration
3.2.1. Advantages
3.2.1.1. Recover VAT
3.2.1.2. Avoid penalty for late registration
3.2.2. Disadvantages
3.2.2.1. Charge VAT on sales
3.2.2.2. Submit VAT returns
3.3. Pre-registration supplies
3.4. VAT schemes
3.4.1. Annual accounting scheme
3.4.2. Cash accounting
3.4.3. Flat-rate scheme
4. [Funding](https://library.croneri.co.uk/po-heading-id_yH4XR3TEgESy0AKR5zPHgg)
4.1. Borrowing
4.1.1. Implications for company
4.1.1.1. Loan relationship rules
4.1.1.2. CT61 procedure
4.1.2. Implications for individual
4.1.2.1. Income tax on interest
4.1.2.2. Tax-free savings allowance
4.2. Investment
4.2.1. Tax reliefs
4.2.1.1. EIS
4.2.1.2. SEIS
4.2.2. Dividends