office@ajrandco.co.uk

01296 738 668

Setting up a Business

What you need to do to set up a business depends on the type of business. There are 3 main types- a Sole Trader, Partnership and Limited Company. There are different requirements for each which are outlined below.

What type of Company?

Self Employment Support Scheme Extension

Sole Trader

The most popular business model in the UK- bearing all responsibility for the business as an individual.

Financial assistance COVID-19

Partnership

A legal form of business operation between two or more individuals who share management responsibilities and profits.

local lockdown grants COVID-19

Limited Company

An organisation set up to run your business. Operating as a separate legal entity from the Directors and shareholders- the company is an 'individual' in it's own right.

If you would like further advice on setting up your own business or would like to enlist AJR & Co. Ltd to set up your company then complete the form below and we will call to arrange a FREE 30 minute consultation.