Having made the decision to set up a business in the UK, it is important for you to decide on which is the best legal and tax structure.
The most appropriate structure will depend on your future plans and growth ambitions for the firm. The decision you make regarding your business structure will have an affect on the way you are taxed, your exposure to creditors and other important matters.
In this fact sheet "Business structures - Which should I use?", read an overview of the possible structures for setting up a business in the UK;-
- Sole Trader
- Partnership
- Limited company
- Limited liability partnership
- Co-operative
It is better to seek advice early so that you can set up your business using the most appropriate structure as the decision can be complex. This should take account of the nature of your business, your personal circumstances and long-term growth plan. Please do get in touch with the team at DRG Chartered Accountants for an initial complimentary consultation. We would be delighted to hear from you.
DISCLAIMER: This information is for guidance only, and professional advice should be obtained before acting on any information contained herein. We will not accept any responsibility for loss to any person as a result of action taken or refrained from in consequence of the contents of this publication.
