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Business Structures

Our Corporate & Commercial team understands that rural and agricultural businesses are significant commercial enterprises with complex business issues.

We can assist you to put in place the right business structure and documentation to protect your interests. These include: 

  • Sole trader

Operating as a sole trader enables you to trade without going through a formal legal process (other than registering with HM Revenue and Customs as self-employed).

Being a sole trader is relatively simple and cheap to operate and administer. As a sole trader you are entitled to receive all the profits from the business and do not have to involve any third parties in decision making.  However, sole traders have unlimited liability for the debts of their business which often causes concern.

  • Partnerships

A partnership may seem a simple business structure and in many ways it is. You share ownership with one or more people and run the business together. We can help by preparing a partnership agreement to reflect the requirements of the partners. We also consider whether a limited liability partnership can help.

  • Limited company

If a number of parties trade through a company, we recommend that a shareholders agreement is put in place. Aligned with this agreement, we can prepare articles of association to regulate how your company operates and how shareholdings may be dealt with. We have a long history of advising businesses in relation to such matters and have developed a strong expertise in this field.

For advice on business services contact geoff.kettle@higgsandsons.co.uk or call 0345 111 5050

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