In most instances, it's a necessity. But, it also has some advantages. There are various tax benefits that can be gained by legally forming a company for your business. You also can limit your liability, because a limited company is a separate entity from the people who own and manage it. It adds a level of professionalism to your business, and in some cases, even makes it easier to be granted loans.
At our initial meeting we will discuss with our client the position they are in, so that we can fully understand what they want from their company. We will then discuss with them and explain any advantages and/or disadvantages, in their personal position, to decide if they are better off as a sole trader, partnership or company. We will then register them as appropriate and form a company for them as necessary.
Mayfair Associates
78 York Street, Westminster, London W1H 1DP