We can help you choose the appropriate structure for your Business and, where required, provide the necessary Company Secretarial Services.
When you start up a new business, you need to ensure you comply with the relevant laws. You also need to decide which type of organisation is appropriate – both when you start and as you develop. The most common types are:
Sole Traders – This is the simplest way to start your business. However, there are still various tax obligations and you are personally liable for debts.
Limited Companies – This allows you to separate your finances and those for the enterprise. The Company must be Registered and submit Annual Returns and Accounts.
Partnerships – This allows you to run a business jointly with other people. You will still share responsibility for debts although you can also register as a Limited Liability Partnership.