Understanding assets and liabilities

Understanding assets and liabilities

One of the most important aspects of a business is understanding its business assets and liabilities. Assets are what a company owns and can use to generate income, while liabilities are amounts the company owes to others. In order for your business to be successful,...
Limited Liability Partnership

Limited Liability Partnership

A Limited Liability Partnership is like a duck billed platypus.  A duck billed platypus is a bit of every animal.  Likewise, a Limited Liability Partnership (LLP) shares many of the features of a normal partnership, blended with that of a company. Moreover, it also...
All about employee handbooks

All about employee handbooks

If you ever find yourself asking: “Why do I even need an employee handbook to begin with?” – don’t! Employee handbooks are more than listing policies and complying with procedures. The best-crafted employee handbooks serve as a reminder about the company’s vision,...
Sole trader to a limited company

Sole trader to a limited company

How to change from a sole trader into a limited company is this week’s topic.  Are you thinking about changing from a sole trader to a limited company? There are many reasons why this might be the case.  Tax issues and wanting more protection for your business are the...