Start Your Own Business
Profit making businesses are individuals / organisations that provide goods and/or services in exchange for money with the aim of maximising profits for the owners which rang from self employed to multi nationals.
Forming a new business in the UK is essentially about registering your chosen business name and Legal Structure with the relevant authorities so they know of your existence.
Legal Structures
A Legal Structure is a set of rules as laid down by the law that determines how your organisation is governed and your choice of legal structure will impact your ownership set up , the protection you get from business debts, tax planning, the level of public accountability, etc.
The following are the six Legal Structures a potential business owner can use to register their business under :
Sole Trader
The Sole Trader legal structure is designed for potential entrepreneurs who want to solely own and run a simple and small scale business. Therefore, it is ideal for freelancers, independent contractors, tradesmen, small and /or lifestyle businesses. return.
General Partnership
The General Partnership legal structure is designed for potential entrepreneurs who want to own and run a simple business with one or more co owners (partners). Therefore, it is ideal small and /or lifestyle businesses. return.
Limited Partnerships
Limited Partnership are tailored made for two ore potential entrepreneurs who want to co own & run a business. Given their structure, Limited Partnerships are best suited to setups with one or more sleeping / silent partners.
Limited Liability Partnerships
Limited Liability Partnerships are a great option for co owned professional firms (e.g. lawyers, surveyors, accountants) and an alternative to Companies Limited By Shares in some circumstances..
Limited Company (By Shares)
Limited companies are a viable option for ambitious businesses of all types and sizes ranging from sole operators to large co owned enterprises. As such, they are an alternative to Sole Trader and Partnership legal structures.
Business
Formation Service
Start your own business and make money doing what you really enjoy
Once you have decided to start your dream business (and have a thought of a business name) we will adopt our comprehensive formation workflow to provide you with a fully supported formation that includes:
✓ Clearing and protecting your proposed business name.
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✓ Dealing with the various pre formation legal or financial issues that may impact your project including the best Legal structure to choose.
⚠ Do not sign anything major in your personal name until you have established what legal structure you will use.
✓ Officially registering you with the relevant authorities and government departments
✓ Carry out a full post formation compliance check.
✓ Provide you with the details of any suitable FREE or affordable government schemes (e.g. grants, training opportunities, employer schemes, etc).
✓ Provide you with some optional additional services which you can purchase to help you run your business (e.g. including business call answering and mail forwarding services, bank account referrals, etc ).
Indeed, using our service will ensure you get your project off to the best possible start as well as save you hundreds) if not thousands) of pounds in professional fees , fines and unnecessary paperwork later down the line.
Pricing
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 £150 to £220.
Getting Started
If you are ready to start your business formation (or discuss your project generally) please complete our simple and short Business Formation Contact Form so we can support you properly from the outset.
Alternatively, you can reach out to us by Whatsapp, phone or by e-mail as follows:
Call us on
020 7717 9669
for a CHAT or to arrange a CALL BACK
