Starting a Business
Getting Started
Starting a Business
If you are thinking of starting a business there are a number of factors to be considered. You must decide the type of business and the all important question of finance but also the various legal issues.
There are a number of ways in which you could set up your business, the most common being: sole trader, partnership, limited liability partnership or limited company. The lawyers in our company commercial department can guide you through the advantages and disadvantages of each type and enable you to make an informed decision about which one is right for you.
For example, a limited company gives you the corporate shield of limited liability, eliminating much personal risk, but running a limited company also attracts greater administration time and costs. Being in partnership has its own advantages and disadvantages. Some people prefer to work for themselves as sole traders, but this also carries much personal risk.
Having taken you through these options, Borneos has the expertise to help you set up your business by forming a limited company, forming a limited liability partnership or drafting a partnership deed for you.
Whether you choose to run your business as a sole trader, as part of a partnership or as a shareholder of a limited company, you must also ensure that you comply with the Business Names Act 1985. We can give you guidance on complying with the requirements of that legislation and the other rules and regulations that will apply to your new business.
Please click on the link for our update on the Companies Act 2006 and how it could affect your business.
If you would like to discuss how we might help you, please:
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call any of our office numbers listed at the bottom of this page;
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contact one of our specialists direct by clicking on their name below; or
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complete our enquiry form
Members of our team specialising in this area:
