Company/Partnership Formation

Choosing the form your business will take when you start is one of the most important decisions you will make. Whether you decide to trade as a sole trader, partnership, limited liability partnership or limited company, we can advise you of the pros and cons of each and help you make the decision as to which business structure is most suitable for your needs.  We will also ensure that you comply with your legal and regulatory duties.

If you opt for a limited company, you will need to consider Memorandum of Incorporation and Articles of Association. These documents lay down how the company is structured and what its operating procedures will be on a day to day basis.

If you opt for a partnership or limited liability partnership you should put in place a partnership agreement.  A partnership agreement can contain as much or as little control as the partners wish. It can cover for example how decisions will be made, how profits will be shared, and what will happen in the event of a partner wishing to leave the partnership (or indeed the majority of the partners wishing to expel a partner).  To avoid disputes a clear partnership agreement should be adopted at the outset and amended as and when required or new partners enter or exit the partnership.

To discuss how our team can help you, contact:

Frank Collins
Tel: 01225 750007
Email: frankcollins@mogers.co.uk