Structuring your Business
The way in which you structure the legal entity for your business will be determined by many factors, such as:
- the degree of independence you want
- the level of risk you are prepared to take
- the tax implications of different structures
- how management decisions are made.
You can choose to operate as a sole trader, a company, a partnership or limited liability partnership or a franchisee. Each has its benefits and drawbacks and should be carefully considered in the context of your long-term objectives.
At Wilkins Kennedy we have significant experience in advising on and setting up many organisations both in the U.K and overseas. We also have specialists who are at hand to provide advice on:
- taxation implications
- VAT registration
- registering with HM Revenue & Customs
- registering with Companies House
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