We are keen to meet prospective clients at the formative stages of their business models and may assist with advice regarding the best structure for the business be it sole trader, partnership, Limited Liability Partnership (LLP) or Limited Company.
The method in which capital is introduced into your business at the outset needs careful consideration as unwanted tax liabilities may arise if matters are not handled correctly. We are able to offer advice in this area.
The financial year end of the business also has implications as to the dates that tax liabilities fall due with regard to unincorporated businesses and choice of certain month end dates may mean double taxation in the earlier years of trade which cannot easily be relieved until the business ceases at some point in the future. We are able to offer advice on how to avoid the pitfalls.
We may carry out the company formation on your behalf and also assist you with the registration of your business for Vat and Paye purposes (Please see the tax compliance page for further details)
A business plan is essential to formulate your ideas and plan necessary resources before commencing trade. We may assist with writing a business plan for your own use or to assist in raising finance.