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/) 

Insurance

Professional Indemnity & Public Liability Insurance 

Client Money Protection Insurance

 

Marketing

Design Logo (https://uk.fiverr.com/) 

Register domain name (*.co.uk / *.com) (https://uk.godaddy.com/) 

Set up email account 

Website set up 

Letterhead & other company docs template set up

 

Data

How well do you comply with data protection law: an assessment for small business owners and sole trader

Register with ICO for Data Protection (https://ico.org.uk/for-organisations/register/)