Planning

Key aspects to consider before you launch. From writing a business plan to registering with Companies House.

Planning your business

Setting up

Information on key topics, such as if you need to open a business bank account and financing your start-up.

Setting up your business

Opening an account

Open a business account you can trust and enjoy flexible digital banking with no account fee for 12 months.

Open your account

Planning

Key aspects to consider before you launch. From writing a business plan to registering with Companies House.

Planning your business

Setting up

Information on key topics such as opening a business bank account and financing your start-up.

Setting up your business

Opening an account

Open a business account you can trust and enjoy flexible digital banking with no account fee for 12 months.

Open your account

Planning your business

Early preparation for your new venture

Starting a business is an exciting step for any entrepreneur, and one that requires careful consideration before launch. From writing a business plan to understanding your market, this section focuses on some areas you may find useful before putting your plan into action.

7-step plan before starting your own business

This simple checklist runs through 7 important areas to think about before you start a business.

Read our guide before starting

Write a business plan

A compelling and comprehensive business plan is an important asset for any business. It can also help give lenders and investors the confidence to invest.

How to write a business plan

Is self-employment right for me?

From the advantages of working for yourself to financial responsibilities, this guide shares key topics you may consider before making the move to self-employment.

More about self-employment

Business naming and legal setup

Information on naming your new venture, and the difference between a sole trader and a limited company.

Business name and legal setup

Turning business ideas into action

Young Brits are buzzing with new business ideas and a growing number of them are taking the opportunity to create their own start-up.

Turn ideas into action
 

A business bank account to get you off the ground

Get free day-to-day UK banking for your first year when you stay in credit. Benefits include:

  • No monthly account fees
  • Free electronic payments
  • Borrow up to £5,000 across a Business Overdraft or Business Credit Card*

After your first year, it’s £8.50 per month. Apply for an account online. Sole traders can apply within minutes by downloading our app. 

 

Start-up and small business account

Setting up your business

Laying the groundwork for success

So you’ve decided to set up a new business, but what next? These guides and articles will help you navigate the early launch phase by focusing on financing and if you need to open a business bank account.

Why open a business bank account

Limited companies need to open a business bank account for their new business but there are advantages for sole traders too who want to separate their personal and business finances.

Do I need a business account?

Financing a start-up

The key topics when financing a start-up – including information on business location, financing options and the cost of borrowing.

Financing a start-up

Products to help you set up your business

Save for future bills with business savings accounts

Put money aside for larger costs, like tax and VAT, so you have it when you need it. You’ll also earn interest on savings.

Business savings accounts

Free accounting software for business account holders

Connect Business Finance Assistant to your Lloyds Bank business accounts to predict cash flow, submit VAT returns and much more.

Business Finance Assistant

Take card payments with Cardnet®

Lloyds Bank Cardnet has a range of options for businesses taking card payments online, over the phone and face-to-face.

View payment solutions

At a different stage of your journey?
Here are other ways we can help your business

How to manage your business

A selection of guides and products to help with the day-to-day running of your operation – focusing on money and tax, insurance, and people.

How to manage your business

Growing your business

A selection of products, case studies and guides to help you look to the future and expand your operations.

How to grow your business

*Apply online once your new Business Current Account is set up and you’ll get an instant decision. Eligibility for lending will be assessed as part of a separate application, and there is no guarantee of lending being granted. All lending is subject to status.