Run it properly
Take card payments in
A payment account in your business’s name, with a provider that takes businesses where you are.
Herm has no government of its own: it is owned and administered by the States of Guernsey, which have leased the whole island to one tenant company since 2008 — so Guernsey’s laws, taxes and registries apply there.
Your customers’ money goes straight to you. It must be in your business’s name, because it is your money and your customers’ card details — never mine.
- 1 You · 25%
- 3 You, with someone · 75%
Check the provider takes businesses where you areYou
Stripe does not take Guernsey-based businesses.
Ask for their terms for your islandYou, with someone
SumUp (card readers and online), PayPal (online) and Worldpay (card machines) serve Channel Islands businesses. Ask each for its current terms for your island.
Open the account in your business’s nameYou, with someone
Open the account in your business’s name and pass their identity checks — ID, proof of address and your business details.
Connect your own bank accountYou, with someone
Connect your own bank account, so payouts come straight to you.
Keep going
- Your company’s yearEvery date that falls due once the company exists — and the changes that must be reported when they happen.Open
- Keep the company’s recordsThe registers, minutes and paperwork a company must keep — and what goes on every invoice.Open
- Social Security, as an ownerWhy owners pay Class 2, why it follows your income from two years ago, the bill you get by doing nothing — and the ways to pay less while you start.Open
- All of it, in orderPlan my start draws every journey you need, for your place, with your costs.Plan my start