Starting a new business?
Start-ups, Company and LLP formations. The single most asked question is – ‘shall we form a company, partnership, a combination of both or shall I go it alone’?
The answer will change according to earnings, forecasts, residence of owners and managers, and the type of business.
We regularly form companies and LLPs (Limited Liability Partnerships) for clients depending on what is most suitable for them. This depends not only the issues discussed above but also personal preference and the relative administrative burdens involved.
In short, if a company is necessary we will tell you and tell you how to structure it. The same applies for a partnership or LLP. Furthermore, part of our service is to regularly monitor this as circumstances can change quickly.
We would recommend that, before you take a further step, call our offices and discuss your next step.