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Thread: Legal Status

  1. #1
    Join Date
    May 2008
    Location
    South Coast of England
    Posts
    5

    Question Legal Status

    Hi there,

    A friend and I decided to start offering cheap hosting. We bought a reseller account from a reputable company, registered the Domain Name, created a brand etc

    Whilst designing the website, I got to writing my ToS agreement. This got me thinking (as I am into some aspects of business law), do we need to register as a company/partnership via Companies House?

    I was reading the website (just in case), and it says:
    1. Where must the limited liability partnership name be displayed?

    Every limited liability partnership must paint or affix its name on the outside of every office or place in which its business is carried on - even if it is a member's home. The name must be kept painted or affixed and it must be both conspicuous and legible.
    So they expect me to stick a sign up on my family home?!

    So, my questions are, do I need to register as a limited liability partnership (or other) and if I do, why do I have to put the partnership name on my house.

    Regards
    Tom

    Sorry for the long post!

  2. #2
    As a business student my understanding is...

    Yes you are supposed to put the name outside, a small plaque. After all you are claiming your home address to be this companies head quarters.

    Secondly you do not have to become Limited. If you choose to remain as a sole trader, you declare on income tax returns. Any business debts are your debts too. So your car/home etc are at risk against any borrowing or obligations.

    If you become a Limited, your assets are separate from the business, and untouchable. But then you have to pay 20 to become limited, and pay again in each year for an registered accountant to compile balance sheets / profit & loss accounts.

  3. #3
    Join Date
    May 2008
    Location
    South Coast of England
    Posts
    5
    Yeah, thats why I was thinking of becoming limited. Not sure I liek the idea considering we are an online company.

    I have semi looked into this, but which is better. A Limited Partnership or a Limited Company

  4. #4
    A small plaque. 10cm x 15cm would do the trick.

    Besides, you will need to give your address on the website anyway.

    (Although I don't think anyone will check personally for that or the plaque!)

  5. #5
    Join Date
    May 2008
    Location
    South Coast of England
    Posts
    5
    lol...I had better make a plaque then - so once registered it can go up

  6. #6
    "conspicuous and legible."

    Marker pen, on A4 paper, on the front door! :-D

  7. #7
    Join Date
    May 2008
    Location
    South Coast of England
    Posts
    5
    Thats what I was thinking - but go a bit more upper class and laminate it

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