Subscribe to our e-news
Register now to receive regular e-news bulletins designed for business owners and individuals.
Please enter your email address below:
Get ready for the new data protection rules
The government is to introduce new data protection rules under the General Data Protection Regulation (GDPR) which takes effect from 25 May ...Read more >
5 Sep 2017
HMRC online forum and webchat
HMRC have announced the introduction of a new online tax forum and webchat service for small businesses.Read more >
1 Sep 2017
Auto enrolment for new employers
Under pensions auto enrolment employers have to enrol qualifying employees into a workplace pension. Duties include paying contributions for...Read more >
1 Sep 2017
Solihull Chamber News Column - 24th August 2017
The Chamber’s Quarterly Business Report (QBR) always highlights some interesting information on what is happening in the business worl...Read more >
24 Aug 2017
Solihull Chamber News Column - 10th august 2017
As Brexit becomes a reality, the Chamber of Commerce’s International Hub is stepping up its drive to encourage and help businesses to ...Read more >
10 Aug 2017
Solihull Chamber News Column - 20th July 2017
I read recently that the amount of cyber-attacks targeting businesses has increased by more than half in the second quarter of 2017, accordi...Read more >
20 Jul 2017
Contact Prime Today
To discuss your company's formation, please contact us for a free initial meeting.Please Email Us >
Before forming your company, Prime will discuss which business structure would be most suitable for you. Having managed hundreds of companys' formations, Prime is widely experienced in advising which business structure would best match your requirements:
This is the simplest form of business since it can be established without legal formality. However, a sole trader will be held personally liable for any debts that the business incurs.
A partnership is similar in nature to a sole trader but because more people are involved it is advisable to draw up a written agreement and for all partners to be aware of the terms of the partnership. Again the business and personal affairs of the partners are not legally separate. A further possibility is to use what is known as a Limited Liability Partnership (LLP).
The business affairs are separate from the personal affairs of the owners, but there are legal regulations to comply with.
The appropriate structure will depend on a number of factors, including consideration of taxation implications, the legal entity, ownership and liability.
Once you have decided which business structure is the most appropriate, Prime can also help to save you time by managing your company’s formation:
- New company – formed same day, at a competitive price
- Limited Liability Partnerships
- Company limited by guarantee Residents Management company
Call Prime Today - we're here to help
Whether you would like advice on which business structure is best for you or are ready to actively form your new company, Prime’s team can provide expert advice and a swift company formation service. Contact us today for an initial consultation.
Coventry - 024 7651 8555 or Solihull - 0121 711 2468