Partnerships

Partnerships

Sherwin Currid Accountancy

If two or more of you are thinking of going into business together, a partnership can be a great option. It’s simple to set up and administer – you pay and tax yourselves like sole traders; and it’s a straightforward process if anyone decides they want out. You could also consider a limited liability partnership (LLP), which gives you limited liability for any debts in the same way as forming a company. We can help you with all aspects of setting up and running your partnership, including:

Drawing up a suitable partnership agreement
Registering your LLP with Companies House and HMRC
Advising on your individual remuneration and tax arrangements
VAT and other business accounting systems

Partnerships