HMO Success Podcast Episode 1 - LAUNCH Episode - How to Set up your HMO Business

2020-05-05

HMO Success Podcast Episode 1- LAUNCH Episode - How to Set up your HMO Business If you're just starting to set up your business, or have already started, this launch episode of the HMO Success podcast will explain exactly what to do to ensure you are compliant with the law and have all the practicalities covered. Here’s a useful ticklist to help you set up your new property business. Business Set Up Decide on business name Business Bank Account Set up Limited Compan...

HMO Success Podcast Episode 1- LAUNCH Episode - How to Set up your HMO Business

If you're just starting to set up your business, or have already started, this launch episode of the HMO Success podcast will explain exactly what to do to ensure you are compliant with the law and have all the practicalities covered.

Here’s a useful ticklist to help you set up your new property business.

Business Set Up

Decide on business name

Business Bank Account

Set up Limited Company

https://moneyfacts.co.uk/mortgages/guides/how-to-set-up-a-buy-to-let-limited-company/

Notify HMRC of trading status (Self employed / Ltd company etc) (https://www.gov.uk/new-business-register-for-tax)

Legal Money Management

Register with HMRC for Anti Money Laundering (https://www.gov.uk/guidance/money-laundering-regulations-register-with-hmrc)

Client Account

TPO

Membership to Property Ombudsman (PRS) (https://www.theprs.co.uk/)