Startups

  Are you thinking of starting your own business. We’re here to help you from choosing a business structure, to paying tax, raising money, and employing staff. Approximately out of the 5 million enterprises active in the UK during 2010, just over 3.5m were sole traderships, around 450,000 were partnerships, and 1.3m were private limited companies. We can help you choose from the following different options: Sole Trader Limited Company...

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Sole Trader

Sole Trader This is the simplest way of starting a business with very few formalities. We will advise the Inland Revenue that you are self-employed for tax and National Insurance contributions purpose. We will provide the relevant guidance booklet and notification form upon request. You will be controlling your business and will be responsible for all management decisions. Profits your business will make belong to you. We will maintain proper...

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Partnership

There are three types of partnership: ordinary’ partnerships limited partnerships limited liability partnerships (LLPs) Common features of partnership; two or more persons  responsible (the partners )  for business management. There can be  partnership in between  individual or another business, eg a limited company or another partnership the partnership must keep records showing business income and expenses a nominated partner must also...

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Limited Liability Partnership – LLP

  A Limited Liability Partnership (LLP) is similar to a limited company, with each participant having less liability for business-generated debt than they would under the ‘partnership’ route. We can guide you which option is best for you in the long-term.LLPs must have at least two designated members – the law places extra responsibilities on them. If for any reason the number of designated members falls to one, every member...

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Limited Company

Limited Company “Limited” means that the company’s finances are separate from your own personal money, unlike with the sole trader option.If things goes wrong, you will only lose the money that you have put in the business. Your personal assets are safe. To take funds from your limited company, you should be an employee of the company and you’d be paid either a salary, or by taking the profits, known as dividends. Many people...

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