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− Steve Puttock, CEO

Business Forms

Choosing the right trading vehicle is an important consideration when starting any business.
 
Limited companies, Limited Liability Partnerships (LLP's), ordinary partnerships and sole trader businesses all have different benefits and drawbacks.   These cover legal form, taxation matters, commercial considerations and personal liability issues.  Any decision as to what vehicle to use to trade through has massive consequences and must be thoroughly considered before any final decision is made.

Because this decision is so vital we offer anyone considering starting up in business a free initial meeting to investigate how the pros and cons of each business type relate to them to ensure that they start business in the best suited vehicle. 

Our Business Startup service will :-

  • Help you choose the correct trading vehicle.
  • Incorporate a limited company, or LLP if required.
  • Help you to open a business bank account and establish a good working relationship with your bank.
  • Assist you in raising finance.
  • Complete any registration procedures with Companies House and HM Revenue and Customs.
  • Help you draw up business plans and cash flow forecasts if required.
  • Deal with any company secretarial matters as required.
For your ease we have listed below related articles on this topic.  Where applicable there is also a list of useful links on the left hand side.

If you would like to speak to someone please do not hesitate to contact us.


LLP FAQs

Here are some questions we are commonly asked about LLP's.

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Employed or Self-employed?

The question as to whether someone is employed or self employed is not as straightforward as it might at first appear. Many people assume they are free to choose, but HM Revenue & Customs emphasises that this is not the case.

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Going into the construction industry

There are special tax rules affecting the construction industry, which are designed to ensure that tax is paid by workers in the sector whether they are employed or self employed.

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An overview of limited liability partnerships

An LLP is a form of separate legal business entity that gives the benefits of limited liability but allows its members the flexibility of organising their internal structure as a traditional partnership. They are intended for businesses which carry on a trade or profession, and are particularly attractive to larger professional partnerships

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Tax Planning with Limited Liability Partnerships (LLPs)

Although they have been with us for a few years now LLP's are often not considered by business owners or their advisors when planning their business structure.

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Should you form a limited company?

Tax changes have made it even more important to consider carefully, when running a business, whether it is best to trade as a Sole trader, a Partnership, Limited liability partnership or Limited company. The reality is that there is no easy answer. Each situation has to be judged individually.

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Employing your spouse

When considering the overall tax position of your family, it is worth considering if you can justify employing your spouse in your business.

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Personal service companies

The legislation known as IR35 is intended to tackle the avoidance of tax and national insurance contributions through the use of intermediaries such as service companies or partnerships.

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