Setting up a new business venture is an exciting time; whether you’re starting with a completely new idea or transferring from a sole trader to a limited company, you want to ensure you get it right from the offset.
At ScoMo, we understand that it can be both exhilarating and stressful when starting a new business, as often you’re wearing different hats to try and get the business off the ground. Our company formation experts are on hand to help and guide you through the process.
Why is it important to set up your company correctly?
Deciding how your company should be structured is a fundamental part of forming your company. You have to consider setting up the right type of entity, in the right jurisdiction. In the UK, there are several types of company structures such as:
- Limited companies limited by shares or guarantee
- Limited liability partnerships
- Public limited companies
- Non-profit organisations
All businesses are different and varying types of company structures have different benefits. Therefore, it is important to incorporate your company in a way that fits your business goals, structure, and needs. Choosing the correct setup can affect things like tax, compliance obligations, and company protection.
The team at Scott-Moncrieff can help you choose the correct setup by weighing up the pros and cons of each incorporation structure and assessing whether they fit with your business needs.
How ScoMo can help with company formation
We will work closely with you to help you understand your business and your long-term goals. This will help us advise on what is right for you to ensure that you are legally protected and prepared for success, taking the pressure off you and leaving you to focus on growing your business instead of worrying about the legal details. We will also provide advice on how to carry out your role as owner, director and/or shareholder to comply with company laws. We can assist with:
- Advising on company structures and identifying which one is appropriate for your company
- Formation of limited companies, partnerships and LLP incorporations
- Formation of groups of companies and holding entities
- Drafting shareholder and director agreements
- Company restructuring
- Compliance with the Companies Act
- Advising on company roles and responsibilities
Contact our Company Formation Lawyers Today
Our expert commercial and company lawyers specialise in company formation. We can assist with finding the right legal company structure for you and officially incorporating your company so that you are compliant with the Companies Act. It is important that you form your business correctly to avoid any potential legal problems in the future.