SCS Financial Management has a wealth of knowledge and expertise when it comes to helping customers in Reigate and the surrounding areas. We specialise in business partnerships, offering a truly personal service.
We handle all aspects of your business efficiently, on time, and with precision.
For more information about setting up a business partnership in Reigate, contact SCS Financial Management by calling: 01737 373707.
Forming A Business Partnership
A partnership is formed of two or more people. It enables you to go into business with another person, sharing the responsibility for the business. SCS Financial Management can offer the best, unbiased advice in order to help you successfully set up your business.
A partnership can be a very appealing form of business set-up. Maybe you share a common business idea that you want to put to the test, or your skills complement each other in a way that would make a fantastic business team, forming a partnership can be an excellent choice of structure.
SCS Financial Management can help answer your enquiries about forming business partnerships. Don’t hesitate to give us a call.
Types Of Partnership
There are two types of business partnerships:
A General Partnership is the most common. It is a simple way for two or more people to form a business idea. All partners are equally responsible for the business’ liabilities and debts, and all involved in the management of the company have equal rights to control the business. When it comes to making decisions, you require common consent of all partners, and any obligation made by one partner is legally binding on all.
In a Limited Partnership, a limited partner is silent and simply an investor. Silent partners do not participate and have no control over any business decisions. They are not liable beyond their investment and are protected should anything go wrong. Once you make a financial contribution as a limited partner, you cannot remove it but can make further investments.
To find out more about which form of partnership is best for you and your business, get in touch.