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Connelly & Co, Chartered Accountants and Registered Auditors    Connelly & Co, Chartered Accountants and Registered Auditors    Connelly & Co, Chartered Accountants and Registered Auditors    Connelly & Co, Chartered Accountants and Registered Auditors    Connelly & Co, Chartered Accountants and Registered Auditors    Connelly & Co, Chartered Accountants and Registered Auditors    Connelly & Co, Chartered Accountants and Registered Auditors    Connelly & Co, Chartered Accountants and Registered Auditors   

Any one in full time employment lives in a very sheltered environment with probably little thought or knowledge of how the business they work for operates or how they actually manage to be paid a wage or salary each week or month.

Decide to venture from this shelter and you move into a different world, a world of regulation and compliance, of how to start, develop, manage and prosper in the outside world.

That is where we at Connelly & Co. can help.

We can offer help and guidance into what is required. Is this to be a completely new business or the purchase and take over of an existing business?  If the latter, then is the asking price realistic and what is actually being purchased. Do the prospective new owners have sufficient funds to purchase the business, is there sufficient funds to work the business once acquired. Has a workable business plan been prepared, has a cash flow and profit forecast been made. Here we can help with our sophisticated computer software, which allows us to prepare these from information available.

Is it better to incorporate and trade as a Limited Liability Company, a separate legal entity that must comply with statutory requirements or is it better to trade as a sole trader or a partnership. All need careful consideration and here we can advise.

Consider some of the various taxes that will then be encountered, Value Added Tax, PAYE, National Insurance Contributions, Corporation Tax and Income Tax.

We can help and advise on all these aspects.