SpeedyStartUps offer three company formation packages that meet the needs of most new businesses alongside bespoke packages that can be built and tailored to meet your business needs. The three packages to choose from are QuickStart, Everything You Need and The Corporate Mix.
Company Formation Packages
There are lots of things you need to think about and consider when starting a new business. Many of the crucial elements of getting a business off the ground involves structured processes and planning, which can often be hard to get your head around.
There are three main structures you can chose from when setting up a business: sole trader, limited company or business partnership.
You can also form an ‘unincorporated association’ if you’re setting up a small organisation like a sports club or a voluntary group and don’t plan to make a profit. In addition, there are structures for businesses that help people or communities, eg ‘social enterprises’. Whichever structure you chose for your business it will define your legal responsibilities, including:
- the paperwork you must fill in to get started
- the taxes you’ll have to manage and pay
- how you can personally take profit from your business
- your personal responsibilities if the business makes a loss.