Question: David Beckham is going to set up a sole trader business as Decorator. He knows that he would be personally responsible for his businesss debts.

David Beckham is going to set up a sole trader business as Decorator. He knows that he would be personally responsible for his businesss debts. He also would have some accounting responsibilities; however, he does not know about steps for starting a business. As your area of studying is related to the Business, he wants you to consult him in this matter.

Required: Provide steps for starting a new business. Please provide your answer in format of a small business in the UK (Maximum of 500 words). (15 marks)

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