A business partnership is a specific kind of legal relationship formed by the agreement between two or more individuals to shares control, responsibility and finances. The partners are taxed from the income (or loss) of the partnership on their personal income tax return.
If you are already running into business partnership or starting up new business, we can help you …
· Advising on pros and cons of partnership business
· drafting the partnership agreement
· Advising on tax admissible expenses
· Registering with HMRC
· VAT compliance