Establishing a legitimate business enterprise in the UK Assignment

Establishing a legitimate business enterprise in the UK - Assignment Example A brief description of the type of venture to set up This is a proposal for forming wedding planning company that will be based in London. This company will be aimed at organizing wedding events. The aim of this company will be to ease the burden and hustles experienced by the couples while organizing a wedding event. Through this company, couples can go ahead with their daily activities as the company organizes the ceremony for them. With this wedding planning service that the company, the couple just has to specify their preference for the wedding and the company will provide all the other services before, during and after the wedding ceremony (New York: Cengage Learning, 2004), 37. The other aim of the company will be the need to introduce decorum in this industry that has not been taken seriously (New York: Cengage Learning, 2004), 25. The company will offer an extensive range of services as required by the clients. It will therefore act as a full service planner that handles all the requirements of the wedding from the beginning to the end according to the client’s preferences on color themes, scene, timeline and budget. From the beginning through advice and consultation, the company will assist the clients prepare a timeline schedule for the event to identify the dates and time. It will then assist the client in budgeting for the wedding by advising them. The company will also assist the clients organize the actual wedding ceremony, this will involve activities such as selecting the most appropriate date and venue for the wedding, finding people to officiate the wedding ceremony, choosing the music preference and obtaining all the legal requirements for the wedding to take place. Other services will include contracting other stake holders for the wedding such as florists, caterers, photographers, stationers and car hire companies among others. In addition, the company will also offer advertising services for the wedding through bridal fairs and med ia advertising. After the wedding ceremony, the company will offer the services of advising clients on an ideal destination for their honey moon and clearance of the wedding venue (New York: Cengage Learning, 2004), 64. The legal set up of the venture. The wedding planning company will be formed as a private limited company considering its liability protection, flexibility as well as favorable taxation policies. The company will be registered under the United Kingdom because it will be based there. Therefore, it will operate according to the UK policy governing private limited organizations. The company will be registered to the registrar of companies in the UK for the purpose of monitoring and taxation. In Private limited companies, the owner is not personally held responsible for the liabilities and legal accountability of the company. This factor will be an advantage because in case of liabilities, the most the proprietor of the proposed company will lose is the company and its a ssets. The company will be established in one of the cities of choice so as to serve clients from a wide range of regions and backgrounds. Furthermore, considering the high populations in the cities, there is likely to be more clients there. It will be situated in a presentable place where that will be facilitated with sample decorations, wedding gowns and other materials. After the success of the first establishment then venture