When it comes to the legal structure of your business, there is a lot of jargon to cut through and there are pros and cons to each type. Having assessed your business and its commercial needs, we’ll give you all of the information that you need to make an informed decision about the best structure for you and your business; whether you’re just starting up, or there is a new structure that will suit your established business better.
The legal structure of a business defines your legal responsibilities in terms of:
- the paperwork you need to submit to get started
- the taxes you’ll have to manage and pay throughout the lifecycle of the company
- how you can personally take the profit from the business
- your personal responsibilities if your business makes a loss
No matter which type of business you’re starting up, we can make sure every aspect of your legal responsibilities are met, including dealing with the relevant authorities such as Companies House and HMRC.
The main types of business are: