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:
Class 4 National insurance u-turn
One of the significant announcements Chancellor Philip Hammond made on Budget Day was the proposed increases to the main rate of Class 4 Nat...Read more >
14 Apr 2017
VAT Flat Rate Scheme - Limited cost trader
Changes are being made to the Flat Rate Scheme (FRS) which take effect from 1 April 2017. These changes may mean that the FRS is less attrac...Read more >
10 Apr 2017
Spring Budget 2017
Budget announcements contain many fundamental taxation changes which will affect business and personal lives for the years to come. Written ...Read more >
9 Mar 2017
Xero now has over one million subscribers!
At Prime we love Xero and have been fans from the start! It gives us immense satisfaction to see that Xero have now got more than One Millio...Read more >
7 Apr 2017
What business can learn from sport
There are many correlations between Sport and Business, the planning and discipline that goes into being a successful athlete are equally ap...Read more >
8 Dec 2016
Be prepared, the National Minimum Wage rises on October 1st 2016
As of 1st October 2016 the National Minimum Wage rates for apprentices and different age bands will increase. Last year HMRC investigated mo...Read more >
28 Sep 2016
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