Business & Bank Accounts

Ole20_2

good day all, and happy new year/....

I became bankrupt on 13/11/2008, this was satisfied on 13/11/2009.

I understand this remains on my file so expect it to come off in 2014?

I have the opportunity to set up a business...i was told I could not be a director and would struggle to get a business bank account until i was discharged? I want to take this opportunity but am concerend I wont eb able too..

does anyone know how hard it is to get a business bank account? and is it correct I can not be a director of a business? could i put this in someone elses name?

thanks in advance...as a side issue if anyone wants any opinion on bankruptcy from my experience id be happy to give it...they seem very dark days but 2 years on things are good...keep your head up

Ineedaname

Hi there, you are discharged from your BR as of 13/11/2009 and can therefore now be a Director of a Limited company.

So the question you need to ask is:

Does this business need to be a limited company or can I be self employed?
Have a look at Forming and Naming Your Business on the Business Link website.

You may have difficulty obtaining a business bank account and/or finance for your company, although that might be a little easier if you go Ltd. NatWest do a Foundation bank account which would be worth looking into as it's available for start ups and those with a poor credit rating.