Administration and duties
Whether you are running your own business or employed to run someone else’s, it is important to have the right legal foundations in place. Talbots Law works with companies ranging from multi-nationals to locally based SMEs, helping them to build the legal foundations they need to be successful.
If you plan to start a new business, it is essential to have the correct legal documentation and structure in place from day one. We help you start as you mean to go on - running your business properly and efficiently. We are alert to the changes that occur regularly in commercial and company law, and update our clients through articles, seminars and regular newsletters.
The legal structure of a business varies considerably depending the type of business structure you have adopted. We understand the ins and outs of all business structures and can advise you fully on your compliance obligations. At Talbots Law, our aim is to make sure you know what the law expects of you. We want you to be confident that your legal structure is right for you and your business and that you have the right legal documents in place.
Let us assist you and celebrate your success.
Why choose Talbots Law for assisting with administration and duties?
At Talbots Law, we listen. When people set up a business, they are full of goals and ambitions. Our job is to help you achieve these. We do this by listening carefully to the business structure you want to set up and the foundations you need to lay for ongoing regulatory compliance and success.
In addition, our solicitors do not do ordinary. Start-ups require creative and innovative legal advice so they can reach their target markets. We don’t stick to off-the-shelf solutions; we work with our clients to figure out a strategy and administrative structure that works for them. We don’t just stick to the laws – we get involved in making them.
What are the different types of business structures?
If you are starting a business, there are a number of different legal structures you can choose from including:
- Sole trader
- Traditional Partnership
- Limited Liability Partnership
- Limited Liability Company
To find out which is the best for your circumstance, just call us and one of our team will guide you through the advantages and disadvantages of each.
What tax issues will I have to consider?
The tax you pay will depend on the legal structure you choose. As an example, if you register as a sole-trader or a traditional partnership you will have to complete a tax self-assessment form and pay income tax on your profits. If you are a registered company, you will be subject to corporation tax. VAT is also a consideration you should consider depending on your turnover.
If you are taking the plunge and starting a business or feel you need to update your existing documents, please call us on 0800 118 1500 today.
- Nicola Reeve
- Director and Head of Commercial Property & Corporate Services
- 07932 679673
For more information please contact us