New Businesses - Taking care to make the best start

I am a director of a firm that is to launch soon and would appreciate your thoughts on how long the regulatory application process might take and what pitfalls we might face

We have seen a number of start-ups in recent months that, despite a difficult financial climate, might suggest there are more to come in 2009.

You might want to consider enlisting the aid of a compliance consultancy to help to guide you through the process. The Association of Professional Compliance Consultants website - apcc.org.uk - has a list of member firms together with their locations and specialisms.

The Financial Services Authority is entitled to take up to six months to approve an

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