START UP
Business Start-ups and Company Formation
The more consideration and planning that is put into a business at the start, the greater its chance of achieving its objectives and sustainability. There are a number of legal entities that a business can take: Limited company, Sole Trader, Partnership and Limited Liability Partnership. Each of these entities have both advantages and disadvantages but we will advise you on which is the most appropriate for your needs and circumstances.
Although we can set up your business in any form required, it is important that consideration is given to a number of issues such as shareholdings, shareholder/partnership agreements, partnership shares, service agreements, remuneration packages etc. It may also be appropriate to discuss the benefits of employment versus self-employment.
Crucial to any organisation are robust foundations in terms of objectives, strategy and mutual understanding of responsibilities and expectations. This is a stage at which business plans, forecasts and corporate structure can be discussed and the most appropriate solutions agreed.
Following the legal formation of the business, we will:
Deal with the submission of statutory forms to the regulatory authorities.
Register the business with the necessary authorities for all taxation obligations.
Deal with VAT registration and discuss various VAT Schemes available.
Assist with opening a bank account and, if necessary, assist in raising finance.