Company Formations

As your business grows, so does it’s financial complexity.  You may need outside investment, increased borrowing including commercial loans and mortgages and the expertise required to ensure the continued growth of your business may increase, necessitating taking on other people who may want more involvement with the running of the business than that usually afforded to employees.

In order to allow this growth to happen it may be necessary to change the structure of your business considerably.

There are now many types of business entity, including (but not limited to):

  • Sole Trader
  • Partnership
  • Limited Company
  • Limited Liability Partnership
  • Limited Liability Company
  • Unlimited Liability Company
  • Community Interest Company
  • Private Company (Limited by Guarantee)
  • Public Limited Company

The particular structure that you choose for your business is extremely important and is governed by complicated rules and procedures.  It’s important that you choose the right path for your needs, as the type of Company you choose to form will determine who is responsible for the day to day activities of the business, the accountability of  what happens to any profits at the end of the year and (importantly) who is liable for any debts owed by the Company in the event that it is wound up, either voluntarily or through insolvency.

At T A Gittins & Company we are highly experienced in helping our clients to determine the best legal form for their new Company, taking into consideration the people involved, potential liabilities and the most efficient tax structure.

Contact us to find out more about how we can help you to choose the right path for your Company and arrange a free, no obligation interview  with one of our professional advisors.

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