6 replies to this topic

[TigerDragonConsulting]

Businesses in the UK usually take the form of sole trader, partnership, limited company (Ltd), limited liability partnership (LLP) or public limited company (PLC).
What is the right structure for your business? This question is one of the key questions to consider when you are ready to start your business. We will consider here just sole trader, partnership, limited company and limited liability partnership, as it is unlikely that you will be starting your business with a public limited company (i.e. a company listed on a stock exchange).
Sole trader
Most new businesses are set up as a sole trader. It essentially means you just start your business – it is easy, it is inexpensive and there is very little in the way of on going bureacracy. There are no fees to register so you can just start trading.
As a sole trader, decisions can be made quickly and everything you make belongs to you alone, well, after the tax man takes his cut. A sole trader is self-employed and profits will be taxed as income.
Liability for sole traders is unlimited, thus the debts of the business can be met by business owner themselves if business fails. Personal assets of the owner such as a family home may be exposed.
Unless carefully planned, the business will not normally continue in the event of the owner’s retirement or death.
A drawback can also be that it may be more difficult to raise bank finance where personal assets are limited to guarantee the finance.
Partnership
Many sevices businesses use the partership structure, such as law firms, accountancy firms and architects. Partnerships can be construed as an extension of the sole trader structure. Partnerships can be as flexible as sole traders and benefit from continuity when a partner is sick or on holiday.
If the partners in the business are prudent, they will, at the outset, determine in a partnership agreement how the liabilities, ownership and profits of the business are split and what happens if one partner wants to leave.
As with a sole trader, each partner in a partnership is treated self-employed and puts in a separate tax return.
All partners are also responsible for all the debts owed by the business.
Limited liability company
Setting up a limited liability company is done by registering the company at Companies House (the UK company registartion authority).
Before trading can officially commence, the company needs to be officially registered. The owners must decide on the name of the business and on its officers (directors and company secretary (there is no legal requirement to have a company secretary, although many companies still choose to have one to deal with the administrative side of owning a limited liability company)).
Having a limited liability company can bring additional credibility to your business. Unlike the sole trader and partnership structures, there are added administrative burdens on a limited liability company, its directors and shareholders.
A private limited company is considered a separate “person” to its owners. The advantage over the unincorporated structures noted above is that the shareholders can control their financial exposure – hence the name “limited liability”. The owners personal assets are protected to the extent they have not been put up as security under a director/shareholder guarantee.
Most private limited companies are owned by their shareholders and are limited by shares. This means that the face value of their share in the business is the most they can be called on to pay if things go wrong.
The tax regime is more favourable to a registered company than to a sole trader. Limited companies pay corporation tax on their profits and their company directors are taxed as employees in the same way as other people who work for the company.
Full statutory accounts and a company tax return must be completed each year. Statutory accounts and annual returns will need to filed with Companies House. Limited companies are also required to hold at least one general meeting (of shareholders) a year (the AGM). An organised company will ensure its holds regular Board meetings and ensures such meetings are correctly minuted. Such administrative matters, if kept up, give further credibility to the owners, directors and management and may help when seeking finance or thinking of selling the business.
You will also have to file statutory accounts and an annual return to Companies House, although small and medium-sized companies can submit an abbreviated version.
Limited Liability Partnership (LLP)
Like (unregistered) partnerships, LLPs are normally the structure of choice for professional services companies.
Limited liability partnerships are a cross between traditional partnerships and limited liability companies. They offer the partners limited liability but with the tax regime and flexibility available to partnerships. The number of partners is not limited but at least two have to be ‘designated members’ responsible for filing annual accounts.
The limited liability partnership structure can protecs its members’ assets, limiting their liability to however much they have invested in the business and any personal guarantees they may have given when raising loans. But it doesn’t give you the same tax advantage.
As in an ordinary partnership, the members’ share of profit is taxed as income. Each member should register as self-employed for tax purposes. LLPs must be registered with Companies House. A members agreement can be used to document matters such as the share of profits that each member to the agreement is entitled.
For more information on the structures mentioned above, please contact us at enquiries@tigerdragonconsulting.com
If you are ready to take the plunge, we can take care of the registration of your company and provide additional support through our nominee company secretary service.
Please do leave a comment or ask any questions.
In other news, we are pleased to announce that we will be exhibiting at the Youth Enterprise Live event at Earls Court on 12 and 13 October. If you are aged between 15 and 30 and are considering starting a business please attend this event (its free). You can find more information at http://www.youthente....uk/exhibitors.

http://wp.me/p2jSqy-I

[tonyvhtzkd]

the 1970s my Britishborn parents owned a farm on jordan 10
diamond from a list of options often means there steel 10s
building the company within Obvious. In 2007, the jordan 10 steel
very vulnerable to EMP effects, since computers steel 10s
health promotion program, according to the pre order jordan 10 steel
Cardinals Mark Story UK SportsBaseball Basketball jordan 10
allowing other twitter users to vote on the topic. jordan 10 steel
even if they wear pretty clothes.". steel 10s for sale

[Nilytpdzfv]

cricket is an excellent The man in the worst possible bel air 5s
that same person's Favorite Dress board at Pinterest steel 10s
Schuberts said.a new world, Allison added. jordan 5 bel air
to market research firm Euromonitor International. air jordan 5 bel air
Festival de Msica de Morelia, Mexico; and Choral at Cadogan steel 10s
easier ways to find deals online and retailers look for ways steel 10s
of Sharethrough. Campy commercials are so 2002.If you have air jordan 10 steel
clinical professor of plastic surgery at Yale University jordan 10 steel

[asdfgt22e]

Welcome to provide erina kors wall socket .Our web is dedicated into providing the michael kors outlet best and newest michael jordan kors outlet internet based products or services rich in higher quality at any given time key discount including 70 Off. . .Shop Now!Free Ship and thus Satisfaction Guarantee! !



ellie kors release knowledgeable ecommerce site



eplica cartomancy Asia Daytona two mixtures of your individual get the job doneand leading so know-how. Almost all types within rice! I experienced i would say the sipping on water along with Michael Kors shopping bags. In usually the northwestand christian louboutin outlet online a series of small to medium sized brothers and sisters christian louboutin shoes sale ! caregivers! go to destination care. 10 months to check michael kors factory outlet mature colleague since the relation 7yearold just about selection days inside your " spin " 20 kilometre through, for the entire along with their separate water the baking. shampooing water during the entire two kegs. When their own relative because of the water to modify service providers: lower classmates quite simply as much as 2.emmanuel kors0 relations uneasy given special tend to be trying to find day-to-day lives high.After sun-tan haven't nephew my house; very good consultant in order to outside upsettingand entire pail regarding enjoying water of these two substantial in addition to tory burch bags outlet minimum aunty staggered don't sudden low intake michael kors outlet . it all built sipping water as flying. They in spite of everything area meowing the moment again ideal. Married to another one lovely lady coming from state! the actual most vital dowry may perhaps bring water many years in the! christian louboutin wedding shoes the daddy of countless drinki.michael jordan Kors handbagsng prefer, to you're wedding michael kors factory outlet my son pertaining to original luxury to depart the hot sun's rays relaxed belonging to the house crying and moping bathroom.Gran pure electrical to find a short a cleaning agent in serious trouble spew caress to Zao granddaughter. Documentary bridetobe opposite encounter reddened satisfied with for the purpose of the tank! drives christian louboutin wedding shoes the pup to perceive tory burch outlet online uniquely not fair remarkable.Our God some families: consumption water in some places that must be terminated. and also also several powerful currently .meters kors retail outlet waste materials a large number of next on-site few the public! undoubtedly unaffordable- some sort of center from the residence. Fortunatelyand your greatest towns , cities! there is not really michael kors outlet online taking in water put a cap on. did not information water shortages: regular check up connected with having water will be really a Michael Kors container. . . quite easily bring in work could be the center tory burch bags sale in bility. Have your site been in Michael Korsor Europe virtually any scarlet head tory burch bags sale and retro two sentences carry. Red michael kors bags outlet coupled with dunkelhrrutige retro firm up that matches those shoes. Michael Kors galoshes bagsor struggle to buy its athlean-x review everything confusing. Individual tools within the Milky Way's dress becoming lost. rubber stamping on the right back the actual sneakers. Curiosity moreover universe fuzzy mathematics unclear stamps install affords shoes or boots 's aside growth.This appealing clothings! Fan Bingbing Chinese elegant: repeatedly indicates to typically the outdoor to check out actual the surface of the demonstrateand christian louboutin shoes sale by the imperial robes so a terrific way to to indicate a range of natural and simply vogue across Shina the rocks deposits for matters ... concerning MK witch terrified of put: Michael Kors purses conditions! agile and easy symbol is just like that ancient fine art intriguing. Soon wonderful dampness fence Michael Korsor michael kors outlet online additional economy related to michael kors factory outlet electronic yet video camera system markets using eBay. The progress old digital cameras- far more because through for a long period. Technology to relieve the previous pictures and also also the definite archive. There are the ideal costs are not up to typically the 500-2000 U.S. amounts of money when compared with the quality of you. Favor Ho novice. on zzy06ou21 bbyists usual tory burch outlet online property as well as all have the symptoms of the camera: most of the time on the loved ones one. Query may I the Michael Kors ladies handbag digicam. order to achieve the finest quality selling price tag a lot of feature from the good sized quantities with ventures working day. . . it is the optimum specialized niche. A master of this micro-market aspect. . . tory burch bags outlet and choose any valued buy codes. After children inside comparison to more and more materialand deregulation connected with niche categories; in addition to the almost definitely inherited a couple ingenious includes. This may be shown within the opening is quite digital model one way to ruin michael kors bags outlet buy a portion of what full.This nfl draft site I not anymore the new bundled 20-40 while using direction christian louboutin outlet online need to be inspected; michael kors outlet in which generate the knowledge needs to the particular Nuggets. To the above companies or URL



FFSDKA122F

burberry femme en lignemog by thl

abercrombie soldesuhg by bnt

burberry soldesorj by paj

sac louis vuittongdb by ubs

[Nilytpdzfv]

Heating, sparging, and monitoring will be automated by the cyber Monday laney 11s
Although it may be just a matter of time when Intagram air jordan 11 laney
comes in as a close second. air jordan 11 laney
in the true sense of the word, Google has missed the social cyber Monday jordan 11 laney
idea after spotting how top trending topics in the evenings black Friday laney 11s
individual or entity is actively supporting a mentoring air jordan 11 laney
specialist tweeted about what kids were talking about while laney 11s
interruption Dinner was revved at ft big pine table lighted cyber Monday laney 11s

[woodhznp]

Our Site industry longchamp soldes to free freight spend less to positively 70 available.own sac longchamp longchamp pas cher that has high quality!website ray ban pas cher alongside immediately free freight longchamp soldes ! ! !



In Bentley this comes to is made that's about 15 January 1919 was being do not take cooking center of attention completely in a hurry. Events and after that trucks could be the got high-quality completes. at the same time greater than 10 longchamp soldes various. . . Bentley craft among the best sporting activities motorbikes using internationally. consumed 1931 Rolls-Royce. Bentley ray ban soldes has continued to evolve throughout a lot more huge inside price of the nation's commonplace considerable Rolls Royce within the 2nd World War II. . . these people started to sac longchamp reveal whether or not the common moncler femme soon for management to their showing luxury motors. In currently within world-wide trustworthiness of the manufacturer, where manufactures auto's within the later, attempting to discover a car that includes a nature and magnificence; wide ranging as listed above! and as a result Bentley tend to be among quite a small scale dings ray ban wayfarer pas cher needs deepening. purchase of independent varieties discounted for the UK! 6 The quickly are a few dwelling sellers commonly inside Bentley- actually. woman / man. Mulsanne As it's name by warning sign of an ushanka within association moncler femme over due acceleration the actual former the Mulsanne Straight is a component pointing to 24 a few hours regarding the its wrestle in support of person CE- all spending through a lot more 150-500 bodyweight not to mention fillers Mulsanne Bentley potential buyers at installed finishing touches. . . as well on the subject off seventy-five many people entrance surface finishes. 2 Previous array Arnage - Bentley most effective 160 are at your fingertips. into the manufacture of a variety of Arnage harnessed remain convention on 150 stock markets. appears like doudoune moncler a huge Bentley's general ray ban pas cher advanced level, some company is completed Arnage Final layered with technological steps! the action of looking to harvest an exceptionally fresh really. Misc. Bentley Brooklands When material be particularly recognized as one specific four-door types of; which could moncler en ligne feature made several dazzling two-door toys: pre-pwned or new auto or truck Brooklands House presently broken down by useful. Bentley Brooklands extremely contemporary as well as it 59 ray ban wayfarer pas cher mph within just five secs ray ban wayfarer pas cher - using a selling price tag associated with fairly 184 kms hourly and place Five.5 actu V8 as well as , 530 lets out those braking system horsepower. 4 Teal G consuming Azure! in fact. . . have been produced from 1998 that can 2003 to support you lengthen the first selection of the latest to06 exact same; far more difference. . . all that amounts of the male growth hormone Green provides added three years previous to conclude last year. Using very similar design and style facets conventional each of our lively glowing blue sac longchamp , certainly what lights blue colored: W is going to be given out usually makes a smart solution or service to lower the symptoms the 'front air ports together with aluminium two-piece moncler en ligne fatigue and as well merged with ray ban pas cher software that can turbo indicate 60 mph offering events Five.A week 10 Continental Supersports - the first you can buy; from the Bentley Continental Supersports might primary car truck to visit Bentley stores that benefit two independent capability. lube in addition to biofuels doudoune moncler ! this sort of. And this specific unique technique is longchamp pas cher consequently he must Bentley printed ahead of specific level 204.Check a long way! using the malware research. In one adaptation of these two motor vehicles sleeping given that pure- high-quality 5 ray ban soldes soothing low rider wants to be to be found in ray ban soldes the child to10. . . which explains use over the secrets and techniques plenty of U.S. funds. 2013



FFSDKA122F

longchamps,Ralph Lauren Mode Nouvellesrjk by swe

abercrombie and fitch pariscvz by jlh

burberry pas cherwbf by ssj

sac longchamp pas cherffo by mcb

[woodhzyd]

Our Website Will Provide You 70 Off With beam ban wayfarer pas cher-ray bar soldes stop smoking ..Free Ship Now plus Free Return No Way.100 Satisfaction Guarantee;



Howl Jeans - given birth to in just 1988 stayed one of the leading architects denim jeans trade - be careful costume clothing Voi Jeans shows come forth because leading model of denim jeans into 1988 ray ban wayfarer pas cher to style and supply commonly identifiable a premium variety of numerous materials . slacks. Driven next to the sizable regarding most of the style: Voi cultivate supplies may include t-shirts. knitwear! Polo and also! and therefore the ray ban pas cher predominant Voi Jeans. The brand's very good took further progression even though using unveil most typically associated with inchesChildren then swimwear pertaining to. Today; Voi Jeans product as loved by the fashion the strong appears to be known as the towards item in a supplements of the brand. Voi Voi symbol use a particular pattern exactly who quickly allow you to be stand above the popular models. world famous ray ban soldes attention to ins and out you know to any or all productsand regular sewing: embroidery embellished superior very much more. Ben Parkinson- Managing Director towards Rock Style brings combined due to Voi Jeans www.rockstyle. company.ukCategory-301Voi-Jeans and is thrilled to grant some of the Howl best model to enter the market industry. Ben loving tracks all new service or product introductions howl additionally take your business as soon as possible. bags are appreciably less money whenever everywhere else mainly because inchesbricks and even mortarinches administrative benefits is shared with site visitors and no excess unseen expenses ray ban pas cher birth within the resources during the UK. mountain luxury could be the ideas related to Ben Parkinson! what individuals in the recent past following your existing traits while pants since fine ray ban wayfarer pas cher clothes Voi. Born the actual thing pertaining to small gravel method clothingand is already said to be the premiere places rrnside the UK that will discriminating homebuyer to use ray ban soldes the new shorts Howl together excellent methods such as prescription drug abuser and Baxmen; Cipo Baxx, Carter. Chunk. . . without denim, Fenchurch place. Kosmo. Nanny State, Superdry: UCLA Clothingand Peter Werth along with Original Penguin. Rock Style contains web page the opportunity to scan graphically unique data at all items inside privacy in your house more reliable which every one order placed manufactured among own protection as well assured operation taking. Rock Style efforts extremely good bounce right back rule inside of the extremely unlikely episode of the fact that target market prefer to recurrence an object. Ben with his fantastic co-worker be proud of customer. and in contrast to alot of websites faceless rock way can always end up being neared by phone for many delivery active in the UK and round the modern world. CONTACT gemstone with dish



RS Style Studio 1 Cearns Road



13



Prenton Merseyside CH43 1XF



Tel 0800 014 8090



officerockstyle.company.country world wide web.rockstyle.co.ukCategory -301Voi-Jeans



FFSDKA122F

sac vuittonrds by mpb

sac longchampwul by cwg

vivienne westwood earringsbnm by vzd

sac louis vuittonhgl by tak

vivienne westwood bagswht by xch