How do you get a busniess account with companies?

Count_Zero99uk · 27 Sep 2007 at 13:23

Right, a freind of mine runs a very basic PC building operation from his back room and also does again basic maintenance on pcs and softwear for people.

He has seen a couple of places that offer good terms 28days payment etc for Uk Businesses.

Is he a business and if not what does he need to become one?

I know its a bit vauge (he really wants the dell 0% finance option)

Thanks.
Zero

TheKnat · 27 Sep 2007 at 13:33

To be classed as a business I think you just need to register yourself with Companies House

Count_Zero99uk · 27 Sep 2007 at 13:39

so he just registers his little business with them and thats it.

what about tax and the like, he dosnt make much money.

meghatronic · 27 Sep 2007 at 13:39

TheKnat said:
To be classed as a business I think you just need to register yourself with Companies House

Some companies need you to be VAT registered, ltd status, and even (a competitor of ocuk) needs you to have a monthly purchase amount. I used to have a business account with them but they dumped me as I didn't spend enough.

TheKnat · 27 Sep 2007 at 13:43

We have an account with Dell and although you can specify your VAT number (to claim it back later) we've never done this.

We put quite large amounts of money through on our account like this.

Count_Zero99uk · 27 Sep 2007 at 14:31

Basicaly what it is, i pointed out the Vostro? laptop and he thinks they are great so if he can get it at 0% he will get one.

I thought companys house was only for limited companys not sole traders/services

Admiral Huddy · 27 Sep 2007 at 14:35

I've just opened a business account as a sole trader.. so you don't have to be a limited company to open an account.. You just need some ID and some headed letters. There are a few questions and forms to fill in but it doesn't take long. If you use the bank you do yor personal banking with, then there's no need for any ID. Afterall, it's just an alias.. as long as the account is traceable to an individual with a resiential address, then it doesn't matter what it's called.

Count_Zero99uk · 27 Sep 2007 at 14:42

Admiral Huddy, is that a Bussiness Bank Account you are talking about?

Admiral Huddy · 27 Sep 2007 at 15:00

yes, just pop into your bank and ask to see a business banker.. It takes about 3 days to process.. You can get some good deals like free banking for a year or two plus free business advice which is worth it. Even if it just prevokes a few ides.

Years ago, I owned a Ltd company, which is a pain in the lower back area area ;p