New Business - best format?

[johnnywb]

Two friends and i are planning to start a company running events. The idea is that we will start with one event per year and then expand. We all work full time in other jobs so this is a part time thing to top up the coffers if you like. The eventual idea would be to expand it to running a few events a year before selling the business on.

The events will not be that big, for example the event we are starting with will have a turnover of around £15k to £20k.

I'm looking for advice as to what the best business form might be? It's been suggested that a full limited company would be cost ineffective with a turnover like this, so i was thinking that perhaps a limited liability partnership might be the way to go?

Advice very much appreciated!