Your Good Idea combined with good advice on how to make a good start can be the beginning of a great business.
We understand that starting a new business can be both exciting and daunting in equal measure.
Often there is a feeling of ‘where do I start’ especially when it comes to how you want to set up or incorporate your new business, as there are several options:
- Sole Trader
- Limited Company
- Limited Liability Partnership
The legal framework of your business will have an impact on its success and will heavily influence how wages and profits are treated for tax purposes.
Furthermore, if you are going into business with other people, it is always sound advice to consider the future and document some rules, in a shareholder agreement for example, on how the business is to be run and what should happen in the event of some common circumstances. Not setting rules at the outset can lead to disagreements and wasted time.
Your business may also require certain legal documents to be drafted such as contracts, terms & conditions or other agreements.
Let us help. We can consult with you and get you moving quicker and in the right direction.