We have a lot of clients who are in a
partnership. As far as partnerships are concerned, the
Revenue and Customs (HMRC) are looking closely at the make
up and profit share of such businesses. A lot of care must
be taken when partnership shares are decided and we give
advise on the subject. These types of businesses can have
certain tax advantages but there are some circumstances when
conversion to limited company status is advisable. Advise is
essential to make the right decision so get in touch today.