Tax efficient business structuring

There are many ways to structure a business in the UK. You could do business as a sole trader, partnership, Limited Liability Partnership (LLP) or through a company. You can also hold assets in your own name or in the name of your personal investment company or trust.

Whether to trade as an unincorporated business or to incorporate is a complex decision. The same goes for which entity type you choose. Each structure decision you make will have its pros and cons.

There are commercial and other factors to consider, such as the need for limited liability and the taxation consequences.

We can guide you through your options and help you choose the right ownership vehicle for your activities and vision. Our specialists will review likely income tax, capital gains tax and inheritance tax implications for you.

The best arrangement for your business needs may involve takeovers, mergers, demergers, partitions, and other reorganisations. If a company reorganisation drives your commercial objectives, we will advise you on the most tax-efficient way to carry out the transaction whether you are:

• changing your share structure;
• transferring assets within a group;
• acquiring or selling a subsidiary;
• splitting the business; or
• making a large one-off return of value to shareholders.

We can give you a detailed overview of the key tax issues, set out a practical solution that achieves your commercial objectives, and make sure you carry out the reorganisation without paying unnecessary tax.

Please get in touch with us for more information about how our experts can help you structure your business in a tax-efficient way.