Starting Up
Starting Up and Growing Up
First you have to assess what is needed. The decision on forming a limited company either to take over or run alongside your business is individual to each situation. It is often good for tax planning or even for pension planning, however there are other reasons. In these time of litigation driven lawyers people may be in areas where they are vulnerable. It is often difficult either to assess or even be aware of vulnerability even less to be able to insure for it.
It has to be remembered that although the law allows people to structure their lives to pay the minimum in tax, arrangements that are entered into purely to avoid tax can be vulnerable.
With the removal of audit needs for most private family businesses, the additional costs of limited companies have reduced. The accounts, or financial statements as they are now known, still have to be produced in a different format and disclose some information so it is usually better to have these left to accountants.
Systems and Bookkeeping
Some businesses do this work themselves but sometimes it is more sensible to have us do it for you, with the advances in computer communication you can send us the data at regular intervals and we can check it, allowing you to get on with the important job of running and growing the business.
We can produce management information in various ways and styles either from the bookkeeping you do or we do for you or by taking your books and making corrections and putting in the all important accruals and prepayments which are often only recognized by people with an accountancy background.
In both cases we would discuss the figures with you so that you understand what they mean and how they come about. This more detailed approach allows us to understand your business better. Consequently, we can help you move your business forward.
It can also help you to reduce your year-end accountancy costs, make VAT inspections less of a worry and also deal with any tax enquiries by making sure your bookkeeping properly reflects the business' transactions.
We can alternatively provide you with training to allow you to keep your books yourself in the way most suitable to your business.
Company Formation and Company Secretarial Services
Having made the decision whether for tax or commercial purposes, whether you want an off the shelf company, a tailor made company, a Limited Liability Partnership, we can help form the company for you.
For urgent requests we can also arrange same day formations. Offshore companies in low tax territories can also be sourced for you. We take care of all the paperwork needed.
But that's only the start. We can then offer any of the following company secretarial services:
- Registered office facilities
- Maintenance of statutory registers and submission of statutory documents
- Arranging for the company to avoid having Annual Meetings or giving notice of general meetings and drafting agendas and preparing minutes
- Completion of share transfer forms and preparation of share certificates
- Carrying out company searches, filing of Annual Returns and even acting as company secretary
It should be remembered that current law allows a company to have solely one director and on shareholder - although we do not recommend this as we have some doubts about the individual's liability in this arrangement