Establishing Legitimate Business in the UK Essay

Establishing Legitimate Business in the UK - Essay Example Table of Contents Content Page Title Page 1 Abstract 2 Table of Contents 3 1. Introduction 4 2. Establishing a Legitimate Business Enterprise in the UK 5 a. Considerations to Make 5 b. Requirements for Business Enterprise Establishments 6 c. Advantages of Establishing a Legitimate Business 8 d. Ascertaining Legitimacy of a Business Enterprise 10 3. Conclusions 10 References List 12 Establishing a Legitimate Business Enterprise in the UK 1. Introduction The United Kingdom has of late become a core trading destination and trading partner for quite a number of countries across the globe, as well as individual business entities. The economy of the United Kingdom is depicted to have evolved from a state of being a base of predominance manufacturing to one which is aligned to new developments as far as biosciences and technology are concerned (Luff 2011:24). The country has been in the forefront with a number of investors seeking business opportunities from within following these and many other reasons which are beneficial for business initiatives. ... This fact has also been attributed to a number of illegitimate businesses coming up in the country. This calls for establishment of systems to verify legitimacy of a business in the country before one chooses to associate any given business. This paper attempts to look into establishment of business enterprises in the United Kingdom with focus placed on legitimacy (Doornkamp 1995:76). The paper also seeks to look into factors and requirements that are attached to establishment of business enterprises in the United Kingdom, as well as implications for the same. 2. Establishing a Legitimate Business Enterprise in the UK When there is a company seeking for business with the United Kingdom, there are normally implications based on fiscal aspects. These are not complex or so cumbersome to engage. However, there are a number of practical provisions which investors need to know so as to ease their prospects for undertaking business establishments in the country (Syrett and North 2008:165). This follows the fact that there is need for verification whether a there is legitimacy as regards the so referred to business or not. a. Considerations to Make When one intends to start a business in the United Kingdom, there are a number of factors that s/he has to consider. One of the factors that need to be looked into is the fact that every business has to fill a need which has to be definite at the same time. This implies that if at all a business does not appear to demonstrate any form of service which would make people to pay for, then that means that there is lack of reasons for investing in the country (Morris 2011:139). This is due to the fact that a business which fails to have this in mind has