To give your business the benefits of limited liability protection, you can opt for one of two structures – limited company or limited liability partnership (LLP).
These structures offer the benefit that the owners' personal finances are separate from those of the business, so that directors and shareholders are not personally responsible for business debts, except in exceptional circumstances.
But they also involve filing, accounting and reporting to Companies House deadlines, so it is essential that your records are accurate, complete and submitted on time.
If you would like to know more about how we can help you, please contact us.
Chris Hutton, Gilbert Finance