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R&D Tax credits

Spin-Outs and Start Ups – Getting Started

Setting up a company is a demanding activity. There are additional complexities with a spinout, including agreements with universities and investors, along with tax considerations for the individuals involved. This is a list of some of the typical areas to consider before, or soon after, commencing your start-up journey.

Finding an Accountant

Legal advice

HR requirements

Apply for grants

Registered office and trading addresses

Establishing the management team

Setting up a bank account

Data protection

Setting up a Payroll

SEIS and EIS for investors

Registering with the ICO

Workplace pension requirements

VAT registration

Patent Registration

Setting up internal procedures

Asset security

Email signatures and letterheads

IT systems

Bookkeeping and record keeping

Understanding directors’ responsibilities

Employee benefits

R&D Tax Credits and Corporation Tax

Cap Table considerations such as order shares are issued

Share incentive schemes – EMI, Growth Shares, ERS

Accounts and Audit

Insurance

Website development

Cashflow and forecasting

Networking and partnerships

Premises and facilities

If you are looking for advice on the spin-out process, Richardsons is an Oxfordshire based firm of Chartered Accountants and business advisors established for over 30 years. We have a strong and enduring connection with the high-growth science and technology sector. Including but not limited to; space tech, life sciences and med tech, biotech, AI and environmental engineering.

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