Many people choose to open their own business for a variety of different reasons. You might have heard a few or contemplated them for yourself. The appeal of being your own boss and having the freedom that comes with it. Perhaps you want to open your own business to take advantage of a gap in the market or an unbeatable business idea that you’ve had? In many cases people have already worked in the relevant industry and think that they can do a better job on their own. Whatever your reasons, there are many things to consider when opening your own business.
The Company Warehouse has helped thousands of people open their own business and we are here to help you open yours as well.
There are a number of business structures available to those seeking to open their own business. You might already have an idea of which form you wish your new business to take. Whatever the case may be, The Company Warehouse is here to offer you services to ensure that opening your own business is a smooth and simple process, turning a business idea into a successful enterprise.
Limited Company
Limited liability companies are the most common choice for those people looking to open their own business. There are many advantages of a limited company which make it the most appealing legal form including tax benefits, limited liability and security. To help people open their own business using this form, we are currently offering a FREE company formation package.
Sole Trader
Opening your own business and going it alone might seem like the simplest option. It can also be the most daunting.
There are no registration requirements or fees, but you will find yourself liable for any debts you might accrue and
if you manage to turn your own business into a success, you will end up paying more in the form of income tax.
Partnership
Another choice is starting your own business with the help of a business partner or partners;
sharing the responsibility, the profits and the liabilities.
Limited Liability Partnership
A Limited Liability Partnership might well be more appealing.
Similar in nature to a partnership, but with limited liability, a limited liability partnership may be a good
choice for you when opening own business. Yet, once again, income tax on partnerships are high, so you will need to
consider the long–term potential success of your business.
Social Enterprises
Social Enterprises are a choice for people looking to open their own business aimed at
helping the community. Similar in nature to Community Interest Companies
they involve special criteria and are governed by special regulations – we provide a formation service to
help these businesses get started.
Charity Companies
If you have a heart of gold you might be looking to open your own business for charitable reasons. We provide a Charity Formation service to help people do just that.
Opening your own business isn’t something you should rush into. Careful planning and research is an important part of the process. At The Company Warehouse, we are here to help. Our blog contains a number of articles aimed at helping you make your business a success. Hints and tips of successful marketing, market research, business grants and financial support, caring for your business customers and more. We give this all away for FREE to those looking to open their own business. But we don’t stop there!
There are many benefits to opening your own business using The Company Warehouse.