Corporate and Commercial
Starting in Business
We understand that, when you are starting out in business, time and money are usually precious resources. Therefore, without you spending too much of either, we will advise you on the pros and cons of:
- operating as a sole trader;
- setting up as a partnership or a limited liability partnership (LLP); or
- incorporating as a limited company.
This is an important decision – the key issues are (usually) the issue of limited liability and your tax position. Set-up costs, ongoing administration, publicity and ‘market’ perception are also likely to be important factors to consider.
If you opt for a partnership or an LLP, we will advise you on the contents of the partnership agreement. If you have opted to trade through a company, we can incorporate one for you and prepare the necessary shareholders’ agreement.
And your first choice doesn’t have to be final. As your business grows and you take on more commitments, you may want to convert from a sole trader to a limited company, or from a partnership to an LLP. We can help you with this transition.
We continue to advise many companies and businesses that we helped to establish. We know how they work, and they like the service that we provided.