Starting & Running your Business

Best Starting Business, At Privilege Solicitors, we have the knowledge and the expertise to help people set up ambitious new businesses. therefore, We can offer you advice on the formation of your business and offer you the continued legal advice necessary to further develop your business.

The established business media in the United Kingdom are sole traders, partnerships, and companies. Best Starting Business, Since 6 April 2001, a new business medium has been in existence, known as the ‘limited liability partnership’ – a hybrid of partnership and company law concepts.

It is important to make the right choice in deciding which business media to adopt when starting your new business. It is also important to keep your choice under review as your circumstances change. Therefore, Each business medium will have some advantages and some disadvantages so it is important that you speak to a Solicitor to help you make the right choice.

Factors to be considered:-

  • Risk of capital
  • Expense
  • Management
  • Publicity
  • Taxation – trading profits
  • Interest Relief
  • Capital gains
  • Inheritance tax
  • therefore, Pensions and social security
  • Raising finance

Here, Speak to a Solicitor on our mobile-friendly number 033 33 22 1000 or on 0800 987 8156 to discuss which business media will best suit your new business.

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