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Selecting Legal Structure for your Business
By Heather Platts BA(Hons) | Updated August 26, 2007
If you are thinking of starting your own business, or are in the early stages of setting that business in motion - now is a good time to talk about the legal structure this business will take.
The decision as to business structure will effect:
- Tax and NI payments to be made
- Records and Accounts to maintained
- Financial Liabilities
- Raising money and Management decisions for the business
The general categories would be:
- Sole Trader
- Partnership
- Limited Liability Partnerships (LLP)
- Limited Liability Company
- Franchises
- Social Enterprises
Topics: Setting-up a New Business |
