Kidwells Solicitors

Call 01432 278179        

Speak to us now
  • Individuals and families
    • Relationships and children
    • Employment advice for you
    • Resolving personal disputes
    • Criminal Defence
    • Wills, Trusts and Probate
    • Legal Costs

      Relationships

    • Divorce
    • Dissolution of Civil Partnerships and Same Sex Marriages
    • Relationship Agreements
    • Domestic Abuse
    • Financial provisions on divorce or dissolution

      You and your children

    • Child Living Arrangements
    • Child Maintenance Responsibilities

      Related offers

      Our employment advice services

    • Employment Advice Overview
    • Employment Tribunals
    • Settlement Agreements
    • Early Conciliation

      Our services for personal dispute resolution

    • Boundary Disputes
    • Alternative Dispute Resolution
    • Personal Debt Recovery
    • Professional Negligence

      Our criminal defence services

    • Crown Court
    • Magistrates Court
    • Police Station Representation
  • Business services
    • Company & Commercial
    • Dispute Resolution & Debt Recovery
    • Commercial Property
    • Employment and HR
    • Health and Safety
    • Regulatory Services
    • Legal Shield & Consultancy
    • Legal Costs

      Company & Commercial

    • Company & Commercial Overview
    • Business Start-Ups
    • Commercial Contracts

      Corporate Services

    • Corporate Services Overview
    • Business Structure
    • Transfers, acquisitions and disposals
    • Joint venture
    • Corporate Crime

      Dispute Resolution and Debt Recovery

    • Commercial Dispute Resolution
    • Commercial Litigation
    • Debt Recovery and Late Payment Demands

      Commercial Property

    • Commercial Property Mediation
    • Commercial Lease
    • Commercial Development
    • Buying and Selling
    • Landlord and tenant
    • Portfolio and asset management
    • Planning and environmental policy law

      Employment and HR Services

    • Employment and HR Overview
    • Legal Shield
    • Employment Contracts
    • Recruitment and Retention
    • Employment Investigations
    • Social Media at Work
    • Employee Appraisals
    • Training

      Health and Safety

    • Advice on Aspects of Health and Safety Law
    • Health and Safety Documentation
    • Tailor-made Policies, Procedures and Risk Assessments
    • On-site Health and Safety Management and Practical Guidance
    • Health and Safety HSE Interviews and Investigations

      Regulatory Services

    • Bribery
    • Regulatory
    • Licensing
  • News
  • About us
    • About Kidwells
    • Policies, Procedures and Complaints

      Learn more about Kidwells Solicitors

    • About us
    • Meet the Team
    • Our Mission and Values
    • Careers
    • Legal Costs

      Policies, procedures and complaints

    • Terms of Business
    • Website Privacy Policy
    • Company Privacy Policy
    • Issues and Complaints
    • Equality and Diversity
    • Client Care, Confidentiality and Interest
  • Contact
  • Leave a Review
  • We're Hiring

01432 278179

01432 278179

  • Home
  • Individuals and families
    • Relationships and children
      • Relationships
      • Divorce
      • Dissolution of Civil Partnerships and Same Sex Marriages
      • Relationship Agreements
      • Domestic Abuse
      • Financial provisions on divorce or dissolution
      • You and your children
      • Child Living Arrangements
      • Child Maintenance Responsibilities
      • Related offers
    • Employment advice for you
      • Our employment advice services
      • Employment Advice Overview
      • Employment Tribunals
      • Settlement Agreements
      • Early Conciliation
    • Resolving personal disputes
      • Our services for personal dispute resolution
      • Boundary Disputes
      • Alternative Dispute Resolution
      • Personal Debt Recovery
      • Professional Negligence
    • Criminal Defence
      • Our criminal defence services
      • Crown Court
      • Magistrates Court
      • Police Station Representation
    • Wills, Trusts and Probate
    • Legal Costs
  • Business services
    • Company & Commercial
      • Company & Commercial
      • Company & Commercial Overview
      • Business Start-Ups
      • Commercial Contracts
      • Corporate Services
      • Corporate Services Overview
      • Business Structure
      • Transfers, acquisitions and disposals
      • Joint venture
      • Corporate Crime
    • Dispute Resolution & Debt Recovery
      • Dispute Resolution and Debt Recovery
      • Commercial Dispute Resolution
      • Commercial Litigation
      • Debt Recovery and Late Payment Demands
    • Commercial Property
      • Commercial Property
      • Commercial Property Mediation
      • Commercial Lease
      • Commercial Development
      • Buying and Selling
      • Landlord and tenant
      • Portfolio and asset management
      • Planning and environmental policy law
    • Employment and HR
      • Employment and HR Services
      • Employment and HR Overview
      • Legal Shield
      • Employment Contracts
      • Recruitment and Retention
      • Employment Investigations
      • Social Media at Work
      • Employee Appraisals
      • Training
    • Health and Safety
      • Health and Safety
      • Advice on Aspects of Health and Safety Law
      • Health and Safety Documentation
      • Tailor-made Policies, Procedures and Risk Assessments
      • On-site Health and Safety Management and Practical Guidance
      • Health and Safety HSE Interviews and Investigations
    • Regulatory Services
      • Regulatory Services
      • Bribery
      • Regulatory
      • Licensing
    • Legal Shield & Consultancy
    • Legal Costs
  • News
  • About us
    • About Kidwells
      • Learn more about Kidwells Solicitors
      • About us
      • Meet the Team
      • Our Mission and Values
      • Careers
      • Legal Costs
    • Policies, Procedures and Complaints
      • Policies, procedures and complaints
      • Terms of Business
      • Website Privacy Policy
      • Company Privacy Policy
      • Issues and Complaints
      • Equality and Diversity
      • Client Care, Confidentiality and Interest
  • Contact
  • Leave a Review
  • We're Hiring

Business Structures

Our solicitors understand how important it is to choose the correct business structure from the outset. We can help advise you on the decision best suited to your individual circumstances.

  • How we can help
  • Special offers
  • Meet our team
  • Latest news
  • Contact us

Building your business the right way

A business structure is legally recognised for conducting commercial activities. It could be a sole-proprietorship, partnership or corporation.

It is important to seek advice as early as possible when considering new business ventures to ensure you protect your interests in preparation for any dispute in the future.

The most appropriate agreement for your latest business venture will be influenced and determined by various financial and legal issues. Furthermore, throughout a project, we will liaise closely with the client and their accountants to ensure that the proposed entity is as efficient as possible from a tax and operational perspective.

Important things to consider:

  • Our solicitors regularly assist professionals, entrepreneurs, LLPs, partnerships and surveyors/architects.
  • It’s important to be up-to-date with the latest commercial legislation.
  • It’s important to create a formal agreement outlining rights and responsibilities if you’re business structure is for joint business owners.

Different ways of structuring your business

Ways to structure your business include Sole Traders, Partnerships, Limited Liability Partnerships (LLP), Limited Companies and Public Limited Companies. Being a Sole Trader is the easiest way to start a business. As a Sole Trader, you must register with HM Revenue & Customs within three months of starting up and you’re personally liable for any debts incurred by the business.

Additionally, a Partnership is a business structure set up by two or more people. This involves sharing profits, management, responsibilities, risks and liability.

You must register with Companies House to form a Limited Company. A Limited Company has a separate legal existence and is responsible for its own bank accounts, debts and loan applications. An advantage to this type of company – corporation tax is paid which is more favourable than income tax.

Finally, forming a Limited Liability Partnership is more expensive and complex to set up than a Partnership. Members aren’t responsible for another partner’s debts and are not personally liable for the negligence of another partner.

What do I need to consider when choosing a business structure?

When deciding how to structure your business you must consider important factors. For example, the size of your business, tax considerations, liability for debts, regulatory and compliance requirements, industry perception, distribution of profits, the likelihood of selling your business or share down to your children and the need to raise finance and external investment.

Choosing the correct structure from the beginning can eliminate potential disputes in later years. It saves time and money from having to solve these disputes and instead all focus can be on growing the business.

Contact us 24 hours a day

Let's talk now

Call 01432 278179

  Messenger

Send us your enquiry

    Important: this form collects and stores the personal details that you choose to share so that we can deal with your enquiry and reply to you.

    Please prove you are human by selecting the Star.

    Latest news and articles

    Blog

    5 Myths About Contracts in Business

    5 Myths About Contracts in Business

    11th January, 2021

    Article

    Implementation of EU Trade Secrets Directive

    Implementation of EU Trade Secrets Directive

    7th June, 2018

    Blog

    GDPR - Are you ready for May?

    GDPR - Are you ready for May?

    16th January, 2018

    Related services

    Business transfers, acquisitions and disposals

    Business transfers, acquisitions and disposals

    Joint venture

    Joint venture

    Corporate Crime

    Corporate Crime

    Copyright 2020, Kidwells Law Solicitors Ltd.

    We are authorised and regulated by the Solicitors' Regulation Authority, SRA No. 535081

    Limited Company Reg No. 7199821
    VAT registration number 932 1172 55

    • We’re Hiring
    • Leave a Review
    • Terms of Engagement
    • Website Privacy Policy
    • Policies, Procedures and Complaints