Partnership Vs Limited Company

Discussion in 'Growing and Managing a Business' started by Lbvcjhks, Aug 12, 2011.

  1. Lbvcjhks

    Lbvcjhks
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    Can anybody tell me what the legal cost implications are for setting up as a limited company instead of a partnership?

    What about a limited partnership? Cost implications?

    What are the negatives/positives to these options?

    Is a limited company status not suitable for a small business with a profit of approximately £70,000 (35,000 per partner) before tax?

    Thank you
     
  2. Fergal

    Fergal
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    Lbvcjhks can you please tell us where your business will be based, is it in the UK?
     

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