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Running your business

Set up your business

Business essentials

These are some of the most important aspects of setting up your new business, and whether you’re registering as a sole trader, limited company or partnership, you’ll need to know the rules.

Your legal set-up

Learn about the types of business you can set up and how to register them legally. There’s also helpful guidance on the rules that apply to businesses.

Business rates

You’ll need to know what business rates are, if you need to pay them, and who you pay them to when you set up your business.

Tools for your business

A business bank account is a great place to start your business journey. (We might be able to help with that.) You’ll use it to pay suppliers, for customers to pay you and all sorts of day-to-day banking. And to keep your finances on track, you could use an accountant, or try FreeAgent accounting software.

Business Builder

As its name suggests, Business Builder can help your business to grow better and stronger. It’ll support you to succeed with digital modules, events, and an online community. Best of all, it’s completely free. 

Sign up to grow

Our mobile app

Already registered for online banking? If you have then download our mobile app and bank from your phone. It’s secure, helping you to manage your finances 24/7 so you’re always in control of your money.

Download the mobile app

The bank account for start-ups

If you’ve been trading less than a year, this could be the account for you. You’ll get 24-months transaction fee free banking, then pay as you go (Standard Published Tariff after), plus 24/7 everyday banking support.

You can join our friendly business community, attend Business Growth events, and there's also a helpful way to take payments online.

Online accounting package

FreeAgent, an online accounting service, helps you to manage and track your business finances. Royal Bank Business current account customers get free access.

Do you need an accountant?

If you don’t have any experience managing your books, then hiring a specialist to do it for you could be a great idea.

Next step: Support on how to run your business day to day

Learn how to manage your cashflow, take payments and employ staff.

Something else we can help you with?

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