Business Type: Limited Company

Business Type: Limited Company

Limited companies have been around for several centuries and were typically used to fund new ventures such as overseas colonisation / exploitation. The rules governing companies were fairly loose compared to today’s regulations and after several court cases in...
Business Type: Partnership

Business Type: Partnership

Second only to sole traders / proprietors, partnerships have been around for centuries and in 1890, the Government passed the Partnership Act 1890. For our purposes, we need to look at Section 1 which defines a partnership as “the relation which subsists between...
Pension Provision

Pension Provision

Providing for your future is important as people live longer and every day we see reduction in services for the aged and Government reducing the value of the State pension. You should consider contributing regularly to a personal pension scheme. If you are a basic...
Business Type: Sole Trader

Business Type: Sole Trader

This is the simplest and easiest form of business to set up. The terms sole trader / sole proprietor are the same and similarly being “self-employed”. This business type can be used for any type of trade or vocation (service business). Officially, the only...