I and my partner have successfully operated a clothing distribution business supply market traders throughout the UK. And we have decided to purchase an existing clothing manufacturing company to gain more control over production and delivery issues which have in the past caused some difficulty. As we are embarking in a new area of business with much greater levels of uncertainty, and what would you suggest we could do to reduce our levels of personal liability?
2006-11-29 07:53:22 · 5 answers · asked by lino w 1 in Business & Finance ➔ Small Business
Dear Friend,
you need first to control the delivery and the production matters like Just in time delivery, quality control and so on... and of course create new designs
these issues creates some confidence to your customer... that could help in assuring the customer - supplier relationship to be very good.
the confidence and the relationship.. will help in decreasing the credit timing you gave to customers.. that give you the ability to pay your liabilities on time,
more over.. reducing costs will help in this issue too.
another thing is exporting to outsider market that pay cash using the Letter of Credit...
exporting focus in two things:
1) the fast cash...
2) the high profitability...
the uncertainty you have is coming from the high competitive market in the UK.. especially from those who importing their cloths from China, India and Pakistan...if you can reduce the production cost to be able for competition.. then go ahead and purchase the manufacturing company.. if not.. then try to buy from the Far East... some goods on low cost...
2006-11-29 08:14:22 · answer #1 · answered by Ali the Dreamer 1 · 0⤊ 0⤋
Unless you have compelling reasons otherwise my advice is to form 2 limited companies.
You have a successful business don't mess it up with the new venture. Buy shell companies and then change the name.
Unless you are an a niche market, far eastern companies will crucify you on price, i wouldn't even try. If you are having problems on a few products with long lead times you may try countries like Egypt, Turkey or North Africa as a compromise.
2006-11-29 10:13:42 · answer #2 · answered by jewelking_2000 5 · 0⤊ 0⤋
Float a limited company with 50% each of the shares. Very simple to do. You can do it on the internet. If your'e not sure ask your solicitor or accountant for advice but this will cost you. If you do a little bit of research you can do it yourself.
2006-11-29 07:59:45 · answer #3 · answered by dawleymouse 4 · 0⤊ 0⤋
i see...people are looking for the latest thing on fashion...see...so im in hollywood ask me another question
2006-11-29 07:55:29 · answer #4 · answered by lins 4 · 0⤊ 0⤋
You should consider incorporation.
2006-11-29 09:01:14 · answer #5 · answered by NC 7 · 0⤊ 0⤋