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bookkeeping = minimal risk
tax, audit, financial planning = different entities should be set up for these three business units. In particular audit. Audit is a very risky business, in the past, auditors have to trade under their own names, in other words, they are not allowed to use company to trade as a way of minimising risks. However, the rules have changed since then, auditors can now operate under Company, but they still have to give personal guarantees.
Audit is the first business unit you would want to separate from the group
tax and bookkeeping can be under one entity
and financial planning can also be set up as a separate entity on its own |
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