Should you form a Limited company or not? When staring out it may be unnecessary. In some professions the tradition has been to maintain personal liabilities with a Practice or Partnership regardless of the size of the business.

The legal requirements and implications are quite different. Finance is arranged differently with a Company precisely because the share holders have a limited liability.

The Companies Act of 2006 was a far reaching revision of much that has gone before. Being a Director or Secretary of a company carries responsibilities that are spelled out as never before.

Where the contribution of those involved in a Venture is unequal then forming a company is a useful way of dividing up the contributions according to worth (not necessarily money) and rewarding the ones who actually do the work with a salary distinct from any share dividend they may hold.

In larger organisations some departmentalisation is required. A problem many growing businesses experience is an inability to let go – to delegate successfully and to recognise what they can do best.

Bob Shepherd Associates can give you that outside view. For a new business it is important to get the structure right at the start while any dispute can be resolved without damage. For existing businesses the resourcing of the work flow is all part of the Expansion plan.

Past cases

A business being set up by a creative entrepreneur needed skills and expertise from outside he did not have. Bob Shepherd Associates introduced the right people and allowed them all to get to know each other. Then we organised the company structure to recognise each interest in the new venture separating the work from the input. Each gets what they deserve in accordance with their particular contribution.