Partnership Formation

When starting up a business you’ll need to choose a ‘nominated partner’ – the one person responsible for managing the mutual tax returns and keeping business records.

They must register both themselves and the partnership for Self Assessment, while the others can sign-up separately (usually after the partnership is registered).

Naturally, we can be an impartial voice in the process.

  • Responsibilities
  • Naming your partnership

The nominated partner must also send the partnership’s tax return, so we can help with all of this, too.

You can use your own names or create a clever business moniker. The choice is yours. However, there are some rules to be aware of…

For example, you can’t:

  • Use the terms ‘Limited,’ ‘Ltd’, ‘public limited company,’ ‘plc,’ ‘limited liability partnership,’ ‘LLP’ or their Welsh equivalents
  • Include ‘sensitive’ words or expressions unless you get permission
  • Suggest a connection with government or local authorities
  • Utilise a name that is too similar to a registered trademark or an existing business in the same area or sector
  • Be offensive
Coffee on us

We are determined to help our clients maximise their financial growth. We are happy to provide no obligation advice, even buy a nice Coffee.

Clients Case Studies

Learn about the experiences that just a handful of our clients have had in working with us, and how we might be able to work with you.

UKCharge Ltd – Andrew Werner
UKCharge Ltd – Andrew Werner
Kink London – Kethan Heyer
Kink London – Kethan Heyer
3rd Home – Giles Adams
3rd Home – Giles Adams
Hearth Glow – Richard Gunter
Hearth Glow – Richard Gunter