When starting a new business, what structure is best? Sole trader, partnership or limited company? As your business grows, it is important to evaluate whether the structure you started with is still the right one.
There are other questions to consider when setting up or changing the structure of your business, such as how many of you will be running the business? What might you be liable for? And how will these choices affect what the business might owe in tax once it’s up and running?
Read our article for an overview of each of the basic business structures, as well as the different types of limited company.