Business formation is a necessary early step when starting a business. The way your startup is formed will determine the personal liability of the founders, how taxes are paid, and other details.
Keep track of your sales revenue and make sure it covers your operating costs. Ideally you should reinvest your profits to scale up your startup.
SEIS and EIS are designed so that your company can raise money to help grow your business. It does this by offering tax reliefs to individual investors who buy new shares in your company.
Applying for grants can be a stressful process, but is a vital step to ensure your startup gets the money it needs to grow the way it needs to in order to adapt to the market and industry it operates in.