Guides - Published 7th January 2016

Chinese doing business in the UK help sheet

What should I do first if I am thinking of starting a business in the UK?

Take proper professional advice from a firm that is able to:

  • Advise and assist on all of the matters you need to address in order to establish and manage your business in the UK.
  • Assist in the creation of systems and processes to control the business and provide timely management information.
  • What factors influence the decision on the type of structure to use?
    Choosing the right structure is dependent upon your circumstances and intentions. You need to consider:

    • Whether you will be selling goods and/or services to UK companies and individuals.
    • UK legal and regulatory requirements.
    • The tax implications for your intended business.
    • The short, medium and long term plans for the business including the ultimate exit strategy

    What forms of structure can be used?

    • Limited company (private or public)
    • Limited Liability Partnership (LLP)
    • Partnership
    • UK branch office
    • Sole trader

    Read the full guide here.

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