The structure of the company can be integral to the future efficiency and performance of a business so it’s essential to make the best decisions from the start. Our legal team can provide expert help from the start to help you determine the right type of formation that offers maximum tax efficiency while offering protection against liability. There are a number of solutions available in commercial law which may be useful, such as trusts, which we can provide advice on. We can also offer supplementary company secretarial services which include providing an address for a registered office and monitoring ongoing responsibilities and obligations.
For more information about our commercial law services please call us on +44 (0)20 3475 6751 or email firstname.lastname@example.org
More information about Company Formation
Do you need guidance and advice on company formation? We have all the details on incorporation and whether it could be right for your business.
If you are ready to start your own business, one of the first things you’ll need to get organised is the formation of your company. This is a larger job than it sounds as you’ll have to consider the different types of structure available. Each of these has its own pros and cons which may alter the liability and profitability.
The primary structures for company formation are:
- Sole trader – a single person running their own business on a self-employed basis
- Partnership – two or more people who manage the business together and split the profits
- Limited Company – a legal structure which removes personal liability from the owner/s of the business
- Limited Liability Partnership (LLP) – a hybrid structure which combines a partnership and limited company, removing personal liability but treating income as personal.
The size of your business and its specific needs will help to determine which structure would be the most beneficial.
Setting up a Limited Company
If you choose to set your business up as a limited company, this is often referred to as company incorporation or company formation. This type of legal structure offers the business owners protection, as the liability is transferred onto the business itself. The liability of a company owner is limited to the value of their contribution. This is one of the most significant advantages of a limited company.
Incorporating a company requires considerable work as it involves the formation of a separate entity recognised by law. The formation of the company will include:
- A company name which must be unique
- A registered address
- A minimum of at least one director
- Governance documents (memorandum and articles of association)
- A maximum of four Standard Industrial Classification codes to represent the type of business carried out
- Details on the Company’s Register of Persons of Significant Control
- At least one issued share
For more information about how to incorporate a company and the steps to take, contact our team.
YOUR COMMERCIAL LEGAL TEAM
t: +44 020 3475 2719
m: +44 07538 397 7721
t: +44 020 3475 2729
m: +44 07377 190 406
We were awarded the ‘Commercial Lawyers – London’, in the 2020 UK Enterprise Awards
Advised clients on all types of commercial contracts ranging from supplier contracts, distribution contracts, manufacturing agreeements, joint ventures and more with a combined value of over £1bn
WHY CARTER BOND
Unlike many law firms when we say partner or barrister led, we mean partner or barrister led. When clients work with us, they get constant access to the lead on their instruction. Yes, we have a team of solicitors and juniors for some of the groundwork and necessary research required by our clients, but this is when it makes financial sense to the client for us to do this. We provide constant contact at no extra cost as part of our service as most of our lawyers have their own business, so they know first-hand how important having a proactive, responsible and trusted partner on their side can be. And also how to work to a financial budget, and the way that legal decisions impact the wider organisation, which often requires balancing risks and competing interests.
Many ask us ‘what’s different about you?’ and we like to reply, ‘because we go the extra mile’. We see our work as building and maintaining good business relationships rather than just earning fees. How we do this is by keeping in constant contact with our clients and intermediaries. From pre to post instruction we ensure that our clients are informed of all legal issues that may impact their business and therefore lives. That is why we provide daily or weekly updates to ALL of our clients whether there is anything to tell them or not (we don’t charge for this we just see it as part of our service). We like our clients to rest peacefully knowing that when we are instructed, and we say ‘we will take it from here’ they know we mean it.
City quality, outer City fees
The world is changing, and many individuals are realising that lifestyle is as vital to them as is income. We are the lucky ones who can hand pick lawyers who can provide the best quality advice but at outer city costs. Our offices are in North West London which may not be the most salubrious in the market but at the same time this allows us to charge our clients for what they pay for, our advice NOT our office space.
ALL our lawyers have previously worked in large city-based law firms and continue to practise and offer the same high level service they provided to clients in the City but without the pressure and demands often dictated by City law firm. This allows us to be competitive on our fees without compromising our service.
All in all, our clients win, which is the way we like it.
Our knowledge and resources are yours
All our clients benefit from the same high level of care and attention whether the instruction is big or small. At the outset of each matter, we discuss the entire process with our clients, including the costs, potential outcomes and issues associated. This is to ensure clients are fully aware, knowledgeable and are in control always. Supporting and ensuring we provide the highest level of services, we offer our constant contact process with the partner or barrister leading your file, a document log in for matters which are for larger and more complicated instructions and on-going support post transaction should our clients require it. Our aim is not just to get the work done, but to make our clients’ lives easier as we do it, which is why we ensure that our clients have regular access to the resources they need from us.
“Cannot recommend highly enough!”
“Their legal knowledge coupled with excellent client delivery is unique to the marketplace.”
“Excellent and efficient service.”
“I would definitely recommend Carter Bond to all.”
“Excellent service and advice.”
“I would highly recommend the services of Carter Bond for any type of corporate or commercial work.”
“Very impressed with the high calibre team and wouldn’t hesitate to recommend them.”
“Very good and quick service.”
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As part of the UK Government’s trust and transparency agenda, the Small Business, Enterprise and Employment Act (SBEE) is now in effect as of April 2016. If your business is a UK incorporated company or limited liability partnership (LLP), this means you’ll be required to set up and maintain a ‘people with significant control’ (PSC) register. This article provides a helpful overview of the new PSC requirements, and briefly explains the steps for compliance.
Although it is no longer a legal requirement, many private limited companies still opt to hire a company secretary to perform a number of essential tasks. As providers of company secretarial services, we know firsthand just how valuable this position is to private companies. Here, we give an overview of the responsibilities and importance of this role to help you determine whether your business should hire a company secretary.
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For more information, or to discuss your requirements, please contact our team on +44(0) 20 3475 6751 or email@example.com