Form a UK Business
Starting a business is a very popular career choice for many people because it allows them to be their own boss and make a living (or get rich ) doing something they really enjoy and are good at.
The formation process (i.e. registering the business with the government ) is the crucial first step in starting a new business and getting this right at the outset is imperative as mistakes made during this stage are usually very costly and difficult to correct.
As a potential new business owner, one of the key formation issue you face is deciding which of the following legal structures to run your business as :
Sole Trader
A sole trader is a small business that is owned by one person who takes on all the responsibility for the running the business. As the sole owner of the business he/she enjoys all the benefits of being their own boss and is entitled to keep all net profits ( or personally bear all the losses)
Partnerships (3 types)
A Partnership is a businesses where two or more parties (the partners) jointly manage and operate the business as co -owners. The partners in a business partnership invest in the business, and each investor/partner usually (but not always) has a share in the profits and losses. There are three legal structures that relate to partnerships, namely General Partnerships (GPs), Limited Partnership (LPs) and Limited Liability Partnerships (LLPs).
Limited Company
A limited company is an organisation that is owned by shareholders. Shareholders are people (or other organisations) that have acquired portions of the company called `shares` which entitles the holder to a slice of the business profits and ,in many cases, a say in the running of the business. A person who is a shareholder and participates (fully or wholly) in the managing the company is called a Director.
However, choosing the correct legal structure, and dealing with the other formations issues, can get very technical or confusing. So to help in this regard we have created a robust formation package which can handle the entire formation process for you and get your project off to the best possible start.
Our Formation Package
Our formations are carried out by qualified accountants who understand Companies House and HMRC procedures inside out as well as the commercial issues involved. They will do all the processing as well as provide you with effective support to ensure you get your new venture of to the best possible start.
So once you have chosen a suitable business name we will then commence the formation process. This process is based on a client collaboration approach which enables us to provide you with a comprehensive and fully supported formation package 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 ).
In summary, 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 unnecessary professional fees, fines and paperwork.
Pricing
Our formation fees, including any consultations, are based on the legal structures chosen for your project and any extras requested .For example, our formation fees for a Limited Company By shares range between £99 & £150 (plus any government fee and optional extras you ) depending on your requirements.
Getting started
To get started simply contact us using the button below:
