PROFIT MAKING BUSINESSES
Profit making businesses are individuals / organisations that provide goods and/or services in exchange for money with the aim of maximising profits and range from self employed individuals to large multinational companies
Starting a business is a very popular career choice for many people because it allows them to make a living doing something they really enjoy and pursue financial independence and a good work life balance.
As a potential new business owner, the key formation issue you face is deciding which legal structure is best for you.
A legal structure is a set of rules (as laid down by the law) which determine how you govern and run your business.
There are six main legal structures available for businesses and choosing the correct one is very important because the choice directly impacts how you can raise money, the protection you get from business debts, the degree of tax planning opportunities and the level of public accountability.
This choice, along with other formations issues, can get very technical so to help in this regard we have created a robust formation package which can handle the entire formation process for you.
The Business Formation Package
At FD 4 Startups we adopt a collaborative approach to formations which enables us to provide you with a comprehensive and fully supported formation package that includes:
O Clearing your proposed business name for use and , where required, advising on the strategies to prevent your
name and brand being used or exploited by third parties.
O Provide you with a FREE Domain (e.g. Dot.Org,uk or Dot.com) and help you reserve your social media handles before somebody takes them.
O Helping you decide on the best legal structure for your business
O Signing you up to the relevant government departments (e.g. Self Assessment, PAYE, VAT, etc) so they know of your existence .
O Carry out a full compliance check of the main legislation and regulations that you need to comply with
O Provide you with the details of any suitable FREE or affordable government schemes you can benefit from (e.g. grants, training opportunities mentoring, advice, etc).
O The final part of our formation service is to provide you with a comprehensive FREE personalised ‘Readiness checklist` for you to work through.
The checklist will list all the major administrative, legal & financial items that you need to know about, carry out or put in place to get your venture started on the right footing.
O After formation we will provide you with a link to some optional additional services which you can purchase to help you run your business including business call answering, virtual business address and mail forwarding services, bank account referrals, etc.
Our formation fees, including any consultations, are based on the legal structures chosen for your project and any extras requested. However, in general our formation fees range between £100 to £150.
If you want to discuss your project generally you can Contact Us by Whatsapp, phone or by e-mail.
However, if you ready to start your formation we ask that you read our Business Legal Structures guide and then complete our Business Formation Contact Form (see below) so we can support you properly from the outset.