Having read a number of articles on how start ups come about I've decided to knock up some code and get something on line soon. I have a few big ideas, but reading these articles has suggested to me it's best to start with something simple and quick, learn a few lessons from that, and then pursue my real ambitions. However, I'm anxious about one thing - once I start making money from a site, do I become a business / do I have to contact someone to request a self assessment tax form (even if I only make a couple of pounds from the venture) / what are my legal responsibilities?<p>I'm guessing there are lots of people in my situation all over the world, and each country will have its own rules and regulations around this sort of thing. I'm based in the UK, so am particularly interested in the rules there, but if you know of good resources for other countries, please post those also, as there's bound to be a few others in my position dotted around the globe who can benefit.<p>Thanks in advance,<p>JB
The HMRC is a decent starting place <a href="http://www.hmrc.gov.uk/startingup/" rel="nofollow">http://www.hmrc.gov.uk/startingup/</a>, you may also find <a href="http://www.businesslink.gov.uk" rel="nofollow">http://www.businesslink.gov.uk</a> useful. In addition you should check with an accountant (perhaps someone you know).
Another good thing to know would be any UK bank recommendations, e.g. with a normal website and statements that aren't PDFs and go back to day one. (Amazing in this day that bank websites won't provide a full history to the account holder!)<p>There's no BankSimple in the UK, but some decent options would be welcome. Heard good things about FirstDirect, but I don't think they do business accounts.