STARTING A NEW BUSINESS
Starting a new business is so exciting but also very daunting when making sure you've got everything right. There are lots of things that need to be done in order to comply with rules and regulations of Companies House and HMRC.
To get the best start possible within your new business, receive the best advice, make sure you're set up the business structure correctly from the very beginning and watch your business grow from the off! Once you have got the ball rolling, our business growth services will be even more beneficial for you as we would already know so much about your business!
Why not make the best start and talk to us first?
One of the first decisions that you will have to make as a business owner is how the business should be structured. This decision will have long-term implications. In making a choice, you will want to take into account a number of factors including the following:
the size and scope of business you are hoping to attain
the level of control you wish to have
the level of structure you are willing to deal with
the business's vulnerability to lawsuits
tax implications of the different ownership structures
expected profit (or loss) of the business
whether or not you need to reinvest earnings into the business
your need for access to cash out of the business for yourself; and
the persons who may be involved in the business at the beginning and later.
Each of these requires special consideration depending upon the type of business and the persons involved in the setting up of the business. There are so many permutations that it would be impractical to try to describe the variants.
Generally, there are four types of vehicle through which a business may b structured in the UK:
Sole Trader - link to the sole trader page
Partnership - link to the partnership page
Limited Liability Partnership - link to the LLP page
Limited Company - Link to Limited Liability page
Require more information?
If you would like more information or would like to speak to us, then call us on 0208 050 4073 or if you prefer to contact us.