Architects, accountants, dentists, solicitors and surveyors are amongst those who are enjoying the advantages of incorporation:
The incorporation process itself is quick and straightforward with companies typically completed within 24 hours.
We'll take care of all the formalities for you and provide all you need: from the electronic and printed certificate of incorporation and industry-specific articles through to directors' first meeting minutes, company registers and share certificates.
Professional practices across many sectors are increasingly recognising the benefits of operating as a limited company. These can include:
Architects, accountants, dentists, solicitors and surveyors are amongst those who are enjoying the advantages of incorporation.
Solicitors' practices
Previously, firms of solicitors had no option but to operate as a partnership. It is now more common to see solicitors operating as either a limited company or a Limited Liability Partnership (LLP). However, many are still not clear as to the benefits or costs. A corporate structure allows fee earners to focus on clients and can make the firm much more agile.
We are seeing more law firms of moderate size considering the benefits of becoming a limited company to make the firm more dynamic and flexible in what is an increasingly competitive market.
The structure of a limited company has many benefits, from enabling it to access external investment more easily and freeing up revenue to invest in growth. Most importantly though, incorporation can provide the chance to completely re-invent the traditional management structure.
A limited company will provide a better shape for growing the firm. In particular, as a limited company, a firm will have a clear capital structure, making it more attractive for external investment, if required, to drive further expansion.
Other professional practices
Whilst these benefits will ring true for professional practices in other sectors, it is important to take account of the relevant regulatory requirements for each. Here are just a few examples:
What is involved?
Vistra will ensure the articles of your company meet the requirements of the relevant governing body. The incorporation process itself is quick and straightforward with companies typically completed with 24 hours. We'll take care of all the formalities for you and provide all you need: from the electronic and printed certificate of incorporation and industry-specific articles through to directors' first meeting minutes, company registers and share certificates.
Additional considerations