COMMERCIAL LAW

Company Formation

The structure of the company can be integral to the future efficiency and performance of a business so it’s essential to make the best decisions from the start. Our legal team can provide expert help from the start to help you determine the right type of formation that offers maximum tax efficiency while offering protection against liability. There are a number of solutions available in commercial law which may be useful, such as trusts, which we can provide advice on. We can also offer supplementary company secretarial services which include providing an address for a registered office and monitoring ongoing responsibilities and obligations.

For more information about our commercial law services please call us on +44 (0)20 3475 6751 or email info@carterbond.co.uk

More information about Company Formation

Do you need guidance and advice on company formation? We have all the details on incorporation and whether it could be right for your business. 

If you are ready to start your own business, one of the first things you’ll need to get organised is the formation of your company. This is a larger job than it sounds as you’ll have to consider the different types of structure available. Each of these has its own pros and cons which may alter the liability and profitability.

The primary structures for company formation are:

  • Sole trader – a single person running their own business on a self-employed basis
  • Partnership – two or more people who manage the business together and split the profits
  • Limited Company – a legal structure which removes personal liability from the owner/s of the business
  • Limited Liability Partnership (LLP) – a hybrid structure which combines a partnership and limited company, removing personal liability but treating income as personal.

 The size of your business and its specific needs will help to determine which structure would be the most beneficial.      

    Setting up a Limited Company

    If you choose to set your business up as a limited company, this is often referred to as company incorporation or company formation. This type of legal structure offers the business owners protection, as the liability is transferred onto the business itself. The liability of a company owner is limited to the value of their contribution. This is one of the most significant advantages of a limited company.

    Incorporating a company requires considerable work as it involves the formation of a separate entity recognised by law. The formation of the company will include:

    • A company name which must be unique
    • A registered address
    • A minimum of at least one director
    • Governance documents (memorandum and articles of association)
    • A maximum of four Standard Industrial Classification codes to represent the type of business carried out
    • Details on the Company’s Register of Persons of Significant Control
    • At least one issued share

    For more information about how to incorporate a company and the steps to take, contact our team.

    YOUR COMMERCIAL LEGAL TEAM
    Naju Chowdhury

    Naju Chowdhury

    Commercial Solicitor

    e: naju@carterbond.co.uk
    t: +44 020 3475 2719
    m: +44 07538 397 7721

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    Hammad Naveed

    Hammad Naveed

    Corporate Solicitor

    e: hammad@carterbond.co.uk
    t: +44 020 3475 2729
    m: +44 07377 190 406

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    Reena Popat

    Reena Popat

    Managing Partner

    e: reena@carterbond.co.uk
    t: +44 020 3475 6751
    m: +44 07931 347 854

    READ MORE >


    COMMERCIAL HIGHLIGHTS

    We were awarded the ‘Commercial Lawyers – London’, in the 2020 UK Enterprise Awards

    Advised clients on all types of commercial contracts ranging from supplier contracts, distribution contracts, manufacturing agreeements, joint ventures and more with a combined value of over £1bn

    WHY CARTER BOND
    Partner Led

    Unlike many law firms when we say partner or barrister led, we mean partner or barrister led. When clients work with us, they get constant access to the lead on their instruction. Yes, we have a team of solicitors and juniors for some of the groundwork and necessary research required by our clients, but this is when it makes financial sense to the client for us to do this. We provide constant contact at no extra cost as part of our service as most of our lawyers have their own business, so they know first-hand how important having a proactive, responsible and trusted partner on their side can be. And also how to work to a financial budget, and the way that legal decisions impact the wider organisation, which often requires balancing risks and competing interests.

    Proactive Contact

    Many ask us ‘what’s different about you?’ and we like to reply, ‘because we go the extra mile’. We see our work as building and maintaining good business relationships rather than just earning fees. How we do this is by keeping in constant contact with our clients and intermediaries. From pre to post instruction we ensure that our clients are informed of all legal issues that may impact their business and therefore lives. That is why we provide daily or weekly updates to ALL of our clients whether there is anything to tell them or not (we don’t charge for this we just see it as part of our service). We like our clients to rest peacefully knowing that when we are instructed, and we say ‘we will take it from here’ they know we mean it.

    City quality, outer City fees

    The world is changing, and many individuals are realising that lifestyle is as vital to them as is income. We are the lucky ones who can hand pick lawyers who can provide the best quality advice but at outer city costs. Our offices are in North West London which may not be the most salubrious in the market but at the same time this allows us to charge our clients for what they pay for, our advice NOT our office space.

    ALL our lawyers have previously worked in large city-based law firms and continue to practise and offer  the same high level service  they provided to clients in the City but without the pressure and demands often dictated by City law firm. This allows us to be competitive on our fees without compromising our service.

    All in all, our clients win, which is the way we like it.

    Our knowledge and resources are yours

    All our clients benefit from the same high level of care and attention whether the instruction is big or small. At the outset of each matter, we discuss the entire process with our clients, including the costs, potential outcomes and issues associated. This is to ensure clients are fully aware, knowledgeable and are in control always. Supporting and ensuring we provide the highest level of services, we offer our constant contact process with the partner or barrister leading  your file, a document log in for matters which are for larger and more complicated instructions and on-going support post transaction should our clients require it. Our aim is not just to get the work done, but to make our clients’ lives easier as we do it, which is why we ensure that our clients have regular access to the resources they need from us.

    KIND WORDS

    “Cannot recommend highly enough!”

    Richard Stewart, Brambling Properties
    Richard Stewart,

    “Very professional.”

    Rakesh Dua, Dua & Co Chartered Accountants
    Rakesh Dua,

    “Their legal knowledge coupled with excellent client delivery is unique to the marketplace.”

    Trushār Patel, Love Vivacity
    Trushār Patel,

    “Fantastic service!”

    Faith Yildirim, Forever Forever Limited
    Faith Yildirim,

    “Excellent and efficient service.”

    David Rogers, Fairlop Properties
    David Rogers,

    “I would definitely recommend Carter Bond to all.”

    Deepesh Hirani, Infatech Security Systems
    Deepesh Hirani,

    “Excellent service and advice.”

    Dipak Hirani, Corecon Limited
    Dipak Hirani,

    “I would highly recommend the services of Carter Bond for any type of corporate or commercial work.”

    Enis Rafat, MIYA Solicitors
    Enis Rafat,

    “Very impressed with the high calibre team and wouldn’t hesitate to recommend them.”

    Thipa Moorthy, Subara Block Management
    Thipa Moorthy,

    “Very good and quick service.”

    James Batchelor, JHJ Property Investments Ltd
    James Batchelor,
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    GET IN TOUCH

    For more information, or to discuss your requirements, please contact our team on +44(0) 20 3475 6751 or info@carterbond.co.uk