There are a number of statutory requirements you must follow when starting a new business.
If you practise under a name other than your own you must display:
Information and advice on consumer credit licences and on statutory regulations concerning the advertising of the provision of credit facilities can be obtained from the Financial Conduct Authority. A licence will probably be required if you intend to arrange, or advise on, mortgages for prospective purchasers.
Since the Financial Services Act came into force in April 1988, anyone engaging in 'investment business' as defined by the act commits a criminal offence if not authorised. Although real property is not an investment under the act, the need for authorisation may arise if there is a financial instrument linked to the property, such as an endowment pension-linked mortgage, or if there is a pooling arrangement for the ownership of property, such as through a bond or unit trust, ie. a collective investment scheme. There are a variety of different routes to authorisation depending upon the amount of investment business being undertaken. Firms should approach the Financial Conduct Authority.
If you hold information in relation to individuals, you should be aware of the Data Protection Act 2018 under which you may have to register. Information and advice can be obtained from the Information Commissioner's Office. The Act complements the EU’s General Data Protection Regulation.
If you plan to hold information relating to individuals on a computer, you should be aware of the Data Protection Act 1984 under which you may have to register. Information and advice may be obtained from the Information Commissioner's Office. An act went through parliament during 1998 which extends the provisions to paper files.
As you start to employ staff you will need to ensure that you follow employment legislation. Business Link is the government’s online resource for business and has detailed information on the things you need to consider when you employ staff.