Flat management company start-up in Scotland can bring with it a whole host of benefits. Whether you’re intending on registering as a limited liability partnership or private company, there are some fundamental differences between registering a business in Scotland and registering throughout the rest of the UK.
Partnerships in Scotland have an independent, legally-recognised personality, which can make running a flat management company in Scotland beneficial in terms of both liability and responsibility, whilst still allowing you to conduct business throughout the rest of the UK. The Partnership Act of 1907 states that all UK businesses should be registered with the appropriate office to their principal place of business - London (England and Wales), Belfast (Northern Ireland) or Edinburgh (Scotland).
Since the legal definition of the term "principality" remains vague, it's possible to interpret it as applying to the place where a company accepts notices and documentation for administrative purposes – therefore allowing companies to take advantage of Scottish laws whilst still trading across the entirety of the United Kingdom. It's for precisely this reason why many people are choosing to incorporate flat management companies in Scotland, as an effective means of holding property investments and avoiding corporation tax.