Business Advisor
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Description
I hope all is well! I am writing with regards to obtaining some business advice for a fashion e-Commerce business that I am starting.
I have 10+ years in fashion and digital and have a business concept that has financial potential. I am in the process of trademarking the brand and writing my business plan. I also have the website in construction for a planned launch in April 2017.
The main support that I am looking for at this stage is the best way to incorporate my business? I have a co-founder and based on our separate roles and responsibility in the business I would like to understand how we go about setting up the company and division of business shares.
Is this something that you can advise/support on?
Best Regards,
Shnai
Shnai J.
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Hello,
Free tip - the setup would be a LTD company, your responsibilities are to defined by yourselves, between you. You will be both Directors as far as the Companies House is not interested what your roles in a daily routine would be, if you invest in the company, you will need to issue shares at a certain amount for a price then allocate the share number depending on % you each hold. That will also determine the amount of dividends each of you will be able to receive at the end of each accounting period after all the relevant deductions (operating costs, tax, loan payments etc).
I hope it helps.. If not feel free to give me a nudge for more details.
Thank you
Alex -
I presume that this is to be a UK registered company Shnai