The Bar Standards Board (BSB) is now accepting applications from barristers wishing to set up new BSB-regulated businesses, or entities, offering reserved legal activities, including appearing in court as an advocate.

The changes also mean that barristers will be able to operate in a new business structure, including companies, partnerships or limited liability partnerships.

You may be considering, or be interested in exploring, options for a new business structure. At Milsted Langdon, we are experienced in working with barristers and can provide expert advice on the best way forward.

As part of this approach, we are happy to agree cost-effective fees in advance for a range of services for barristers wishing to incorporate as a company, including:

• company formation

• Bar Standard Board application form: assistance with completion of the form, working in association with you

• VAT: a new VAT registration or transfer of existing registration to the new company

• final accounts and final tax return for period prior to incorporation

• registering with the Information Commissioner’s Office under the Data Protection Act

• ongoing future fees for the company, including
  • annual accounts and corporation tax return
  • preparation of quarterly dividend documentation
  • quarterly VAT returns
  • operation of payroll
  • preparing HMRC forms P11d to report benefits in kind and reimbursed expenses

• completion and submission of personal annual self-assessment tax return

• other advice during the incorporation process, e.g. on the tax implications of transferring a car to the company.

For more information on our incorporation services, or any aspect of incorporation, please contact us.