You’ve set up a business with a friend or a family member and you are not a Limited Company.
What next?
Well you can set up a Partnership and report your separate taxes to HMRC as part of the self assessment route.
And….there can be more than 2 partners. The key to this route is choose a % split for each partner and ensuring it is thoroughly documents for your own legal protection.
After all, you never know what might happen in the years to come.
Partnerships come with slightly more compliance requirement as a Partnership return plus Self Assessments for each Partner are required.
Therefore, we suggest you Book a Discover call: https://calendly.com/account-ant/discovery-call