So you have a new business and you want to know what to do next. Planning is key, so ensure you seek professional advice before you begin your business. One of the first decisions facing new entrepreneurs is what the legal structure of their business should be. The decision will depend on a number of factors including the type of business, the number of people involved in the running of the business, whether investors are required, what profits are expected in the business.
We will guide you through the pros and cons of each legal structure available to you. We can provide financial projections for your business if requested, and expert advice on which entity would best suit your business. Remember, it is always possible to change your mind once the business is up and running but there will be tax issues to consider. For example, many small businesses opt for sole trader to begin with and transfer to a company once they have a viable business. We provide a smooth transition in these circumstances. All fees are agreed in advance so there are no surprises. We provide a monthly direct debit facility to spread the cost of our services throughout the year.