Business Start-Up and the Law
One of the most important decisions you will make when starting a business is your choice of a business entity. The decision you make can help or hinder the success of your business for years to come.
Don't make this crucial choice without first speaking with a commercial law solicitor who is experienced in business start-up.
At Pearne & Co, we take the time to listen to our clients describe their business or business concept before giving you our advice.
Business Formation Choices
Next, we will explain the various types of business entities and their advantages and disadvantages. The four basic choices are:
- Sole tradership
- Partnership
- Company
- Limited liability partnership (LLP).
Companies and limited liability partnerships have distinct tax and liability advantages over sole traderships and partnerships. But they also require more management and documentation than many smaller business owners would prefer.
Our firm does more than just present you with your options. Based on our years of experience in business start-up, our knowledge of the law and the information we obtain from you, we will recommend the form of business entity we believe will work best for your business.
Of course, the final decision is always yours. We make sure you have the facts to make an informed decision that is right for you.
The Next Steps
If you decide to form a company or LLP, we will formally register your business with Companies House. Whatever business entity you choose, we can help you with other steps in the business start-up process, from drafting contracts, to hiring employees and advising you regarding data protection.
To arrange a free consultation, contact us by
e-mail or call 0800 046 1476. From offices in Cheltenham, our lawyers represent clients throughout England and Wales.
