Accountants in London Tax Accountants in London London Accounting
  • Contact Us
    020 3126 4463
  • Our Address
    Kemp House, 152 - 160 City Road, London, EC1V 2NX
  • Working Hours
    Mon - Sat 9.00 - 17.00

New to site?


Login

Lost password? (X)

Already have an account?


Signup

(X)
Farooq

Partnership

HomePartnership

Business Structure:

  • Partnership is a simplest way of setting up a business with two or more individual. Partners share their profit and loss as per partnership agreement.
  • It is relatively easy to take on more partners or remove partners from partnership.
  • Finance is a key for every business; the individual can easily borrow the money and invest in the business.
  • Partners shares their knowledge and skills to run the business successfully.

Dis advantages:

  • Business partners are personally liable for the debts and contracts of the business.
  • Business partners are jointly and individually liable for the actions of the other partners.
  • Since decisions are shared, disagreements can occur. It may take longer to take important decisions.
  • A partnership usually has limitations that keep it from becoming large business.

London Accounting and Tax Services can help you with all of the accounting and tax needs at a low monthly fee. We can assist you to set up our partnership and can help you to operate in the most tax efficient way.