Setting up your Business
The first question that you’ll ask yourself when setting up a business is “what is the most appropriate structure for my business?”. The answer depends upon various factors, including size, type of business, the degree of risk to which the founders are prepared to be exposed and tax. Once we’ve determined what is the most suitable structure for you , we’ll assist you in setting up and maintaining your business.
The most common form of business entity is a company limited by shares. We maintain a list of shelf companies that we can tailor to your specific needs. We also offer company secretarial services and registered office facilities to help you administer your company. This is particularly useful for those businesses that are setting up in the UK for the first time.
The Limited liability partnership (“LLP”) is also proving a popular business structure. An LLP is a hybrid corporate business structure giving the advantage of limited liability whilst at the same time allowing the members to organise themselves internally as a partnership. This means that the members are taxed on their share of the LLP’s profits and gains in the same way as partners in a partnership are taxed. In return for this, an LLP must register with Companies House and file accounts (displaying the profits received by the highest paid partner) which are publicly available.
We have extensive experience in setting up both complex and straightforward LLP structures.
