Hugh is considering formally setting up an advertising company. He has been working from home up until now, but despite the pandemic interest has been so high that he is looking at the different business structures he could use.

a. Hugh has a friend who has been helping him over the past few months that might be interested in going into business with him. As such, you need to advise them on the difference between a general and limited liability partnership.

b. Hugh may also be interested in setting up a limited liability company. Advise him of the process to have a registered company in the UK. What are the pros and cons with this type of structure?