Industry sector: Business services

Accountant: Professional fees

You are likely to need the services of a firm of solicitors when setting up your practice. A solicitor will help you decide on what form your practice will take and will handle such matters as drawing up a partnership agreement or forming a limited liability partnership. Solicitors also offer a range of services that may be helpful to you in the early days of setting up and running your business, for example, advising on contracts, dealing with property matters, handling complaints and so on.

Ask the firm to estimate the likely cost of the services you will require and enter this amount in the month you expect to pay the fees.