Many decisions must be taken when establishing a business, however the first is often to determine the method of trading.
Trading through a limited company, a partnership, a limited liability partnership or as a sole trader each have advantages and disadvantages, depending upon the method chosen.
The preference of financiers is also a crucial part of this decision process – as key providers of business funding.
Thought should also be given to the potential tax benefits that each trading method affords. In addition, consideration should also be given to Partnership Agreements or Shareholder Agreements, compliance with the Data Protection Act, Distance Selling Regulations and the Employment Act 2002. We can help you avoid the many potential pitfalls in setting up a business and identifying the options which will best enable you to reach your business objectives.
For further information on Establishing a Business contact:
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