Of all the decisions you make when starting a business, probably the most important one is the type of legal structure you select for your company. This can have an impact on how much you will pay in taxes, the amount of administration your business will need to do, the personal liability you will face and your ability to raise money going forward.
If you are setting up a business, or changing the structure of your existing business we can advise you on the merits of each type of business structure.
The most popular types of legal structure:
- Sole trader
- Limited companies
- Limited liability partnerships.
Once you are happy with your choice of business structure we will set the business up for you.
Each type of business will need its own special agreements to be prepared. These might include:
- shareholders agreements for limited companies
- investor agreements
- partnership agreements
- joint venture agreements
- retirement or management buy-out agreements.
We will happily work with your accountants to make sure that you get the most appropriate legal and accountancy advice for your business. In addition, we will work closely with your bank or financiers to ensure that your best interests are protected with any related financial arrangements.