Starting up a new business is one of the most important decisions you will take in your life. Your future income, your aspirations and your ultimate future wealth creation will all depend on a successful start.
Limited Company, LLP, Partnership or Sole Trader?
At Alliotts we can help you choose the right company structure. Each has its own tax characteristics as well as legal formation hurdles to overcome. We’ll help you make the right decision for your business, and get started on a secure footing.
If you form a company, the question then arises of how it will be financed. Will it be seed capital from yourself, or an investment from the bank, family, friends or outside investors? If you are looking for third party investment then there are several ways to make it tax advantageous for the investor, and Alliotts can advise you on these. Common methods include the Enterprise Incentive Scheme (EIS). Alliotts are experts in obtaining the requisite approvals for such schemes.
Putting Together a Management Team
You may be looking to lock in a management team from day one. We can advise on Enterprise Management Incentive (EMI) share option schemes to help you secure the future service of your key staff.
Day to Day Business Operations
Alliotts can also help you with the more basic things too – such as opening a bank account and registering for VAT and PAYE taxes.
- Our Payroll Bureau service and Outsourced Bookkeeping service can handle your payroll and bookkeeping in those important early years when you need to be focusing on your business and not spending time on routine administrative tasks.
- Our HR service can help you produce employment contracts and staff handbooks so that your business complies with the wealth of employee relation rules that exist.
- Our Management Accounts service can help you monitor your Key Performance Indicators (KPI) so that you can keep your business on track.
- Our Corporate Finance team can help you with cashflow projections. You are in business to make a profit, so our Business Tax teams will be with you every step of the way to minimise your tax bill and maximise your income.
"When I first decided, after 33 years in corporate life, to set up my own company, my then FD, who is now FD for one of the UK's leading supermarkets, advised me to appoint Alliotts as my business accountants. It has proven, after 8 successful years, to be the best piece of advice that I was ever given!"
MD, Zebra Projects Limited