A partnership is simply a number of sole traders who come together to operate a business. Each owner will file their own tax returns and the partners will enter into a partnership agreement setting out how the business will be run.
A partnership is simply a number of sole traders (2 or more) who come together to operate a business. A partnership agreement will need to be written and should be drawn up by a solicitor. The partners are jointly and severally responsible for running the business and if it fails all partners are jointly and severally responsible for the debt.
One of the first considerations for a partnership is what taxes they need to register for and when they need to do this.
They may be required to register for any or all of the following:
We can advise you on which taxes you must register for and help with the registration process.
Keeping accurate books and records is the cornerstone of running a successful business.
We can help you with this time consuming area by providing advice and services in the following:
A major part of any successful business is keeping on top of your filing requirements and ensuring that you are compliant with all the relevant authorities.
This can be very time consuming and can take you away from your main aim of growing your business. We can help you remain compliant and on the right side of the taxman.
Even when you are only starting out it pays to plan for the future. We can help you through the different stages of your businesses development from start up to growth to exit strategies.
While it may not be welcome, dealing with the Revenue Commissioners is an unavoidable fact of life for all business owners.
Apart from general filing requirements some of the other reasons you may have contact with Revenue are:
We have vast experience of dealing with Revenue in relation to a wide range of issues and can help your business communicate effectively with them.
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