Starting a business? We discuss the partnership option

Starting a business? We discuss the partnership option

Episode 3 - In our last article in the series “Choosing the right legal entity for your business (link)” we looked at the sole proprietorship [link] option.  Let’s move on to the partnership option, where a group of business owners replaces the sole owner/trader. Firstly, what exactly is a partnership? We talk loosely about our “partners” in various contexts, but it is important to understand how the law views the concept in a strictly business situation.  In broad terms a partnership is an association of between 2 to 20 people/companies/trusts who agree to pool resources (such as money, property, services, skills etc…
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Choose the right legal entity

Choose the right legal entity

Episode 1:- It seems as though 2016 has a rough ride in store for us but as the wise old saying has it: “Fortune favours the brave”.  Just remember to mix a good dose of realism in with the bravery. That said, if you’ve been sitting on a brilliant business idea, and if you’ve ever dreamt of leaving your 9 to 5 job and starting up on your own, this could well be your year!  Get going with these 3 steps - Consider checking first that you are suited to the excitement, rewards, risk and rough-and-tumble of entrepreneurship by taking…
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