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Knowing what kind of company to form is vital to ensure that you have the right company structure for your enterprise. Whether you choose to set up as a sole trader, limited company, charity or partnership will have an effect on your tax liabilities and legal compliance obligations. We show you how to register your business and provide all the forms and documents you need.

  • 5.1 Considerations when starting a business
  • 5.2 Sole Traders: Going it alone in business
  • 5.3 Partnerships
  • 5.4 Limited Companies: How to set one up
  • 5.5 Public limited companies (PLCs)
  • 5.6 Co-operatives & how to set them up
  • 5.7 Setting up a charity

5.1Company formation considerations.

Subjects Covered:

  1. Alone or with others?
  2. Credibility of company types
  3. Liability of company types
  4. Complexity of company types
  5. Accounts
  6. Auditors
  7. Tax & national insurance
  8. Business Expenses
  9. State Benefits & Tax
  10. Company types & losses

Trading as a sole traderWhat's involved when you set up as a sole trader.

Subject covered:

  1. Setting up as a sole trader
  2. What is a sole trader?
  3. Consequences of being a sole trader
  4. Reporting requirements
  5. Sole trader: Taxes payable
  6. Losses for sole traders
  7. Sole trader debts
  8. Maintaining financial records
  9. VAT for Sole traders
  10. National insurance

About partnershipsAn exploration of partnerships, their features and benefits

Subjects covered:

  1. About partnerships
  2. Partners & liability
  3. Bringing in partners
  4. Partnership agreements
  5. Partnership property
  6. Forming a partnership
  7. Compliance
  8. Partnerships & tax
  9. Limited liability partnerships (LLPs)
  10. Partnerships summary

Limited companiesForming a limited company:

Subjects covered:

  1. Pros & cons of limited companies
  2. Introducing limited companies
  3. Key Considerations
  4. Limited companies- compliance
  5. Legal requirements
  6. Obligations
  7. Company formation
  8. Memorandum of understanding
  9. Articles of association
  10. Limited companies: summary

public limited companies Setting up a PLC

Subjects covered:

  1. About PLCs
  2. What you need to know
  3. PLCs- minimum conditions
  4. PLC formation
  5. Setting up a PLC
  6. Naming your PLC
  7. Advantages of a PLC
  8. Disadvantages of a PLC
  9. Restrictions on PLCs
  10. PLCs: a summary

Co-operativesCo-operatives explained

Subjects covered:

  1. Forming a co-operative
  2. About co-operatives
  3. Co-operative features
  4. Advantages of cooperatives
  5. Setting up a cooperative
  6. Cooperative ownership
  7. Things to consider
  8. Governance of cooperatives
  9. Other considerations
  10. Cooperatives- a summary

charitiesWe explore charities and how to set them up

Subjects covered:

  1. Forming a charity
  2. Charitable purposes
  3. Naming your charity
  4. Formation & structures
  5. Governing document
  6. Registering your charity
  7. Charities & tax
  8. Trustees
  9. Charities- a summary



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