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bankside farm
Silver Member
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357 Posts |
 Posted - 21 Feb 2006 : 3:02:59 PM
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Hopefully someone will be able to help me out.
We need to open a company for our farm to receive certain payments, in the future I am hoping to have my own stud so I thought it would be better if we started off with the name we intend but what type of company do you use for a stud ie: limited, sole trader etc??????
Cannot seem to find any information anywhere.
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Porsche
Gold Member
1194 Posts |
Posted - 21 Feb 2006 : 3:11:01 PM
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Companies House will usually give you all the info you need
http://www.companieshouse.gov.uk/ |
Some people are like a Slinky ... not really good for anything, but you still can't help but smile when you shove them down the stairs.
     
RIP Fuzzy Bear...Angela RIP......Legacy 1day old...............La Carrera.................Aisa and Bruce |
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angieb
Gold Member
England
966 Posts |
Posted - 21 Feb 2006 : 5:02:13 PM
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| Don't forget to check that the domain names .co and .co.uk are available for your chosen name too, no doubt at some point you'd want a website and be a bit peeved if your names were already taken. Worth getting the names registerred ASAP - you don't have to have a live website to do that. |
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zara
Gold Member
United Kingdom
1066 Posts |
Posted - 21 Feb 2006 : 7:08:04 PM
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| contact business link or business eye for free advice. sorry, dont have a site addy, try a Google search |
"to his virtues ever kind, and to his faults a little blind". |
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Renee
Gold Member
539 Posts |
Posted - 21 Feb 2006 : 7:33:33 PM
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Hi,
There are various reasons for choosing either to be a sole trader, partnership or limited company, mainly related to income tax. You could use any of these forms of trading/business for a stud (or pretty much any other business for that matter), it really depends on your individual circumstances. I would suggest you consult a good accountant and make sure you explain the amount of income and expenditure you are expecting from your stud, and other income you will both receive from jobs/investments/etc, over a few years as this will influence the advice. Getting it wrong at this stage could cost you money in the long run so it's worth spending a few pounds on some good advice.
As suggested by Zara, Business Link www.businesslink.gov.uk is the government's delivery mechanism for advice and support to small businesses.
Renee |
      
Jeago (Ludomino x Bahia) 1973-2007 & Khylie* (Nazdrowie x Kaminah) 1990-2010 ~ Fouad el Khyl (Lothar el Nyhl x Khylie) 2005- |
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