It pays to think carefully about how to structure the business before going ahead with a company formation.
Before setting up a limited company consider who is going to own the company, manage the company and take the risk by putting their money or livelihood on the line. AW Accounting can advise you on the most beneficial structure of ownership of the company (the shareholding) and the management of the company (the directors).
A Limited Liability Partnership (LLP) offers more flexibility in sharing profits between the members of the partnership as these are laid out in a formal contract the “Partnership Agreement”. AW Accounting can advise on the practical aspects as well as forming the company.
Apart from registering the company with Companies House we can also assist with registering with HM Revenue & Customs for taxation, VAT and payroll.