new buisness set up.

alinoee

hi. I'm planning to open new business but i have no idea where to start. can anyone give me an indication of the approx. cost of set up/registration process timescale etc.
i worked out the part-business plan etc but need some guidance how and were to register, insurances etc to include in it. any help much appreciated.
thanks

Thomas_S_Hunterson

You can start trading straight away as a sole trader under your own name. If you want to trade under a different name then you must register it at Dublin Castle which doesn't cost too much AFAIK. Note, as a sole-trader, you have unlimited liability for the losses of the business.

alinoee

thanks Sean. I'm thinking about setting up home office. sorry, i should have said that. design services rather than trading.

information

alinoee wrote: »

thanks Sean. I'm thinking about setting up home office. sorry, i should have said that. design services rather than trading.

You need to do some research check here for a starting point
http://www.startingabusinessinireland.com/formlegstruct.htm

trading above relates to trading ie being in business, so you would be trading as a designer, selling your design service.

keefg

alinoee wrote: »

hi. I'm planning to open new business but i have no idea where to start

Hi alinonee,

I would suggest you do 3 things......Research, Research & more Research before you take the plunge.

Your opening statement just screams of "trouble". Maybe some of these sites can help you.

http://www.startingabusinessinireland.com/welcome.htm

http://www.cro.ie/

http://www.sfa.ie/

http://www.bankofireland.ie/html/gws/business/start_your_own_business/index.html

Also, I would strongly recommend you have a chat with the guys at Enterprise Ireland, they are very helpfull and you may be suitable for a "Feasibility Grant". I was approved for one when I started out and let me tell you, it came in very handy

http://www.enterprise-ireland.com/StartBusiness/

Best of luck

alinoee

thank you all. research is what I'm doing : ) all above links are very helpful. Initially it will be only evening/weekend thing.

‘’Your opening statement just screams of "trouble" – I feel this same way : ) and probably feasibility grant will not be an option : )

i already have a few jobs lined up but want to 'legalize' it first. they should pay for opening fees etc and if then i go bankrupt so be it. I still have my day job. I think its worth giving a shoot and see how its go.

thanks again and probably i will have more questions las i go through the links : )