Company Formations
Bourne & Bargery specialise in helping small to medium sized business that are recently formed or in the process of formation.
With the majority of our client list being sole proprietors or partnerships, we pride ourselves on helping you through the complications of getting started. We can help your new business:
- Decide on the most suitable structure for your business – sole trader, partnership, or limited company
- Establish a good working relationship with your bank
- Complete any registration procedures with Companies House and HMRC
- register the business for VAT (if applicable)
- Deal with company secretarial issues
- Set up a recording system for internal use that complies with statutory requirements
Sole Traders
Most people who start up in business do so because they have a good business proposition and the enterprise and commitment to see it through. We can advise or assist you with putting in simple processes to record your financial activity. Alternatively, you can have all financial administration carried out by us so you can focus on your work.
- registration with HMRC
- bookkeeping
- tax returns
Partnerships
A partnership comprises a ‘general partner’ and a ‘limited partner’, each assuming the responsibility for an area of the business. Limited Partners
- contribute money or property to the business upon formation
- liable for debts up to the amount that was contributed
- can’t manage the business
- can’t remove the original contribution
- register for Self Assessment with HMRC
General Partners
- liable for debts
- control and manage the business
- makes binding decisions for the business
- applications for the business to act as an authorised contractual scheme