Kidwells Solicitors

Call 01432 278179        

Speak to us now
  • Individuals and families
    • Relationships and children
    • Employment advice for you
    • Personal immigration advice
    • Resolving personal disputes
    • Criminal Defence

      Relationships

    • Divorce
    • Dissolution of Civil Partnerships and Same Sex Marriages
    • Relationship Agreements
    • Domestic Abuse
    • Financial provisions on divorce or dissolution

      You and your children

    • Child Living Arrangements
    • Child Maintenance Responsibilities

      Related offers

    • Fixed Fee Divorce
    • Child Contact Agreement

      Our employment advice services

    • Employment Advice Overview
    • Employment Tribunals
    • Settlement Agreements
    • Early Conciliation

      Our immigration services for individuals

    • Settlement and Citizenship
    • Tier 1 Visas
    • Student Visa (Tier 4)
    • Visa Appeal
    • EEA Application
    • Brexit Information and Guidance

      Our services for personal dispute resolution

    • Boundary Disputes
    • Alternative Dispute Resolution
    • Personal Debt Recovery
    • Professional Negligence

      Our criminal defence services

    • Crown Court
    • Magistrates Court
    • Police Station Representation
  • Business services
    • Company & Commercial
    • Dispute Resolution & Debt Recovery
    • Commercial Property
    • Employment and HR
    • GDPR Compliance
    • Immigration for Businesses
    • Health and Safety
    • Regulatory Services

      Company & Commercial

    • Company & Commercial Overview
    • Business Start-Ups
    • Commercial Contracts

      Corporate Services

    • Corporate Services Overview
    • Business Structure
    • Transfers, acquisitions and disposals
    • Joint venture
    • Corporate Crime

      Dispute Resolution and Debt Recovery

    • Commercial Dispute Resolution
    • Commercial Litigation
    • Debt Recovery and Late Payment Demands

      Commercial Property

    • Commercial Property Mediation
    • Commercial Lease
    • Commercial Development
    • Buying and Selling
    • Landlord and tenant
    • Portfolio and asset management
    • Planning and environmental policy law

      Employment and HR Services

    • Employment and HR Overview
    • Employment Contracts
    • Recruitment and Retention
    • Employment Investigations
    • Social Media at work
    • Workplace Mediation
    • Employee Appraisals
    • Social Media at work
    • Training

      Immigration for Businesses

    • Business and Sponsorship Licence and Compliance
    • Illegal Working and Civil Penalties
    • Tier 2 Visas

      Health and Safety

    • Advice on aspects of Health and Safety law
    • Health and Safety documentation
    • Tailor-made Policies, Procedures and Risk Assessments
    • On-site health and safety management and practical guidance
    • Health and Safety HSE interviews and investigations

      Regulatory Services

    • Bribery
    • Regulatory
    • Licensing
  • About us
    • About Kidwells
    • Policies, procedures and complaints

      Learn more about Kidwells Solicitors

    • About us
    • Our Mission and Values
    • Our History

      Policies, procedures and complaints

    • Terms of Business
    • Website Privacy Policy
    • Company Privacy Policy
    • Issues and Complaints
    • Equality and Diversity
    • Client Care, Confidentiality and Interest
  • News
  • Leave a Review
  • Careers
  • Contact

01432 278179

01432 278179

  • Home
  • Individuals and families
    • Relationships and children
      • Relationships
      • Divorce
      • Dissolution of Civil Partnerships and Same Sex Marriages
      • Relationship Agreements
      • Domestic Abuse
      • Financial provisions on divorce or dissolution
      • You and your children
      • Child Living Arrangements
      • Child Maintenance Responsibilities
      • Related offers
      • Fixed Fee Divorce
      • Child Contact Agreement
    • Employment advice for you
      • Our employment advice services
      • Employment Advice Overview
      • Employment Tribunals
      • Settlement Agreements
      • Early Conciliation
    • Personal immigration advice
      • Our immigration services for individuals
      • Settlement and Citizenship
      • Tier 1 Visas
      • Student Visa (Tier 4)
      • Visa Appeal
      • EEA Application
      • Brexit Information and Guidance
    • Resolving personal disputes
      • Our services for personal dispute resolution
      • Boundary Disputes
      • Alternative Dispute Resolution
      • Personal Debt Recovery
      • Professional Negligence
    • Criminal Defence
      • Our criminal defence services
      • Crown Court
      • Magistrates Court
      • Police Station Representation
  • Business services
    • Company & Commercial
      • Company & Commercial
      • Company & Commercial Overview
      • Business Start-Ups
      • Commercial Contracts
      • Corporate Services
      • Corporate Services Overview
      • Business Structure
      • Transfers, acquisitions and disposals
      • Joint venture
      • Corporate Crime
    • Dispute Resolution & Debt Recovery
      • Dispute Resolution and Debt Recovery
      • Commercial Dispute Resolution
      • Commercial Litigation
      • Debt Recovery and Late Payment Demands
    • Commercial Property
      • Commercial Property
      • Commercial Property Mediation
      • Commercial Lease
      • Commercial Development
      • Buying and Selling
      • Landlord and tenant
      • Portfolio and asset management
      • Planning and environmental policy law
    • Employment and HR
      • Employment and HR Services
      • Employment and HR Overview
      • Employment Contracts
      • Recruitment and Retention
      • Employment Investigations
      • Social Media at work
      • Workplace Mediation
      • Employee Appraisals
      • Social Media at work
      • Training
    • GDPR Compliance
    • Immigration for Businesses
      • Immigration for Businesses
      • Business and Sponsorship Licence and Compliance
      • Illegal Working and Civil Penalties
      • Tier 2 Visas
    • Health and Safety
      • Health and Safety
      • Advice on aspects of Health and Safety law
      • Health and Safety documentation
      • Tailor-made Policies, Procedures and Risk Assessments
      • On-site health and safety management and practical guidance
      • Health and Safety HSE interviews and investigations
    • Regulatory Services
      • Regulatory Services
      • Bribery
      • Regulatory
      • Licensing
  • About us
    • About Kidwells
      • Learn more about Kidwells Solicitors
      • About us
      • Our Mission and Values
      • Our History
    • Policies, procedures and complaints
      • Policies, procedures and complaints
      • Terms of Business
      • Website Privacy Policy
      • Company Privacy Policy
      • Issues and Complaints
      • Equality and Diversity
      • Client Care, Confidentiality and Interest
  • News
  • Leave a Review
  • Careers
  • Contact

Business Structures

Our solicitors understand how important it is to choose the correct business structure from the outset. We can help advise you on the decision best suited to your individual circumstances.

  • How we can help
  • Special offers
  • Meet our team
  • Latest news
  • Contact us

Building your business the right way

A business structure is legally recognised for conducting commercial activities. It could be a sole-proprietorship, partnership or corporation.

It is important to seek advice as early as possible when considering new business ventures to ensure you protect your interests in preparation for any dispute in the future.

The most appropriate agreement for your latest business venture will be influenced and determined by various financial and legal issues. Furthermore, throughout a project, we will liaise closely with the client and their accountants to ensure that the proposed entity is as efficient as possible from a tax and operational perspective.

Important things to consider:

  • Our solicitors regularly assist professionals, entrepreneurs, LLPs, partnerships and surveyors/architects.
  • It’s important to be up-to-date with the latest commercial legislation.
  • It’s important to create a formal agreement outlining rights and responsibilities if you’re business structure is for joint business owners.

Different ways of structuring your business

Ways to structure your business include Sole Traders, Partnerships, Limited Liability Partnerships (LLP), Limited Companies and Public Limited Companies. Being a Sole Trader is the easiest way to start a business. As a Sole Trader, you must register with HM Revenue & Customs within three months of starting up and you’re personally liable for any debts incurred by the business.

Additionally, a Partnership is a business structure set up by two or more people. This involves sharing profits, management, responsibilities, risks and liability.

You must register with Companies House to form a Limited Company. A Limited Company has a separate legal existence and is responsible for its own bank accounts, debts and loan applications. An advantage to this type of company – corporation tax is paid which is more favourable than income tax.

Finally, forming a Limited Liability Partnership is more expensive and complex to set up than a Partnership. Members aren’t responsible for another partner’s debts and are not personally liable for the negligence of another partner.

What do I need to consider when choosing a business structure?

When deciding how to structure your business you must consider important factors. For example, the size of your business, tax considerations, liability for debts, regulatory and compliance requirements, industry perception, distribution of profits, the likelihood of selling your business or share down to your children and the need to raise finance and external investment.

Choosing the correct structure from the beginning can eliminate potential disputes in later years. It saves time and money from having to solve these disputes and instead all focus can be on growing the business.

Related special offers

HR Advice Package

HR Packages

Fixed Fee

Our employment and HR specialists can provide your business with a retained service; guaranteeing you reliable advice how and when you need it
We offer three different types of retained legal support:

Claim this offer Learn more and talk to us

Business & HR Health Check

Business & HR Health Check

Free

Kidwells can save you time and potentially costly mistakes by reviewing your policies and procedures and assessing how the ever-changing areas of employment law can affect your business.

Claim this offer Learn more and talk to us

Contact us 24 hours a day

Let's talk now

Call 01432 278179

  Messenger

Send us your enquiry

Important: this form collects and stores the personal details that you choose to share so that we can deal with your enquiry and reply to you.

Please prove you are human by selecting the Star.

Meet our team

Rebecca Hardy

Lawyer and Business Development Manager

“My aim is to make a difference and help bring legal services into the 21st century by not conforming to traditionalism and social status but by offering practical, commercial and Latin-free legal advice in times of need to both Businesses and Individuals.”

View profile

Latest news and articles

Blog

Worcester Solicitors - Why businesses should choose a local firm

Worcester Solicitors - Why businesses should choose a local firm

30th August, 2018

Article

Implementation of EU Trade Secrets Directive

Implementation of EU Trade Secrets Directive

7th June, 2018

Blog

GDPR - Are you ready for May?

GDPR - Are you ready for May?

16th January, 2018

Related services

Business transfers, acquisitions and disposals

Business transfers, acquisitions and disposals

Joint venture

Joint venture

Corporate Crime

Corporate Crime

Copyright 2018, Kidwells Law Solicitors Ltd.

We are authorised and regulated by the Solicitors' Regulation Authority, SRA No. 535081

Limited Company Reg No. 7199821
VAT registration number 932 1172 55

  • Terms of Engagement
  • Website Privacy Policy
  • Policies, procedures and complaints