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When setting up a new business how do you decide whether it should be as a sole trader, partnership, limited company or any other type of business formation?
The choice you make about your company formation could be one of the most important you make for your business and will affect the way your business can operate, influence its growth and determine the division of its assets, payouts and liabilities at a later stage.
At Beetenson & Gibbon we take time to look at your business and your personal situation. What your intentions and plans are for the present and the future, before recommending the most appropriate steps to take.
We will explore the options and implications of the different types of business structure ensuring this fundamental early business decision is one that is made with all the necessary information.
Buying a Business
If your new business venture is to be a business acquisition we can advise you on the terms and contracts. We find out as much as possible about the business, ensuring you have all the information about the risks and benefits of the contracts.
On larger transactions, where due diligence is undertaken, we will work closely with your accountancy practice and other professional advisers, making the process as simple as possible to make sure that any decision you make is made with the full understanding of all its commercial and legal implications.
It is natural that with the larger transactions, where the financial risk to the buyer and seller is much greater, the amount of work involved is consequently greater, but we will take all steps to simplify the paperwork to ensure that any decision you make, is made with as full an understanding of all its commercial and legal implications.
For more information or to talk to our commercial team call Grimsby on 01472 240 251, Louth on 01507 600 610 or Scunthorpe on 01724 847 888.