Business Start-up Planning

Starting a business is usually one of the most important decisions that you can make.   It’s effect will almost certainly change (hopefully for the better) your own and your family’s financial position and may well affect your ability to raise finance, at least for the short term.

There are other significant consequences of starting a business relating to public liability, employment rights and of course all the legal and administrative burdens that are often involved.

With all the issues to consider, the structure of the business and the tax implications concerned are often not given the priority that they need.

Taking early advice is very important, ideally before the business started, to ensure that there is tax efficiency from the outset, the need for unnecessary changes is kept to a minimum and that your obligations are met in a timely manner.

Gritstone are well placed to advise on all of the above taxation and legal requirements for your business and to give you guidance as to the best structure that suits your particular profile.