There are generally four options when choosing the most suitable structure for your business; Limited Company, Limited Liability Partnership, Sole Trader or Ordinary Partnership. We can advise on the best structure for your business, considering each structures tax implications and reporting requirements.
The process of forming your own company is called incorporation. We can take you through this process and complete and submit the necessary documentation to form your company. In addition to HMRC tax returns there are various Companies House reporting requirements for limited companies.
Business Plans, Forecasts and Budgets
When starting a business, planning is essential. We can compile a full projected profit and loss account, balance sheet and cash flow forecast for you to incorporate into your business plan. These will help identify any borrowing requirements. A budget will help you benchmark actual costs against expected costs.