I'm starting a new business and I thought it might be cool for me to document my progress through the business forum. Hopefully it will give others a good idea of the hardships, pitfalls and (dare I hope?) successes that come from the first year of running a business. So day 1, the background: Background I am a 22 year old Marketing student entering the final year of University. Previous experience includes being a Pilot (light aircraft) and an Art Dealer. My partner is a 27 year old Teacher with a Masters in Computer Science. Both he and I have extensive experience in the field in which we are stating the business. The Company A technical support company catering to the education sector. Main competitor is the government, though by all account the clients are not at all happy with the service. Stages Complete Registering with Company's House to become a Limited Liability Corporation. We decided to go Limited due to the protection offered in terms of how much the Directors would be liable for should be be sued for damages. Because we are dealing with fairly large institutions it seemed prudent as they will almost certainly have better lawyers that us! The process took approximately 45 minutes and cost Â£75+VAT. Very easy and even if we don't do anything with the company, there are no other costs involved. Setting up bank accounts. A whole other matter! With about 5 local banks it took more than 8 hours of meetings, with each bank offering subtly different options. The most time however was spent waiting. If time is money, then this task will cost you dearly. My advice is to set aside a whole day for your account selection and opening, as you wont get much change from 8 hours when shopping about. When we finally settled on an account it took approximately 90 minutes to get everything set up. As of that moment, I am the director of a fully fledged small business. In the coming weeks I intend to update with tales of finding the first Employee, the Mythical First Client, and what ever else crops up. Unless the response to this is a resounding "Don't be such a self indulgent dick!", in which case I will quietly skulk away with my tail between my legs. If you read that essay then well done, here is a lion as reward!