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LSB Approves BSB’s application to regulate entities

Only recently has the BSB received approval from the LSB to become a regulator of entities and move forward with its proposals.

The ability of Barristers to form Alternative Business Structures is a significant change to the current environment and will offer many opportunities for Barristers to operate outside of the historic sole trader structure.

From January 2015 the BSB will start accepting applications for BSB regulated entities and will start authorizing them from April 2015.

A guide prepared by Silver Levene Accountants, one of the firms which assists with the Pupils’ Practice Management course at the Inn, looks at the implications to self-employed Barristers of the new proposals and the implications of trading via a Limited company. Click here to view

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