Business Structure
How your company is structured will affect how it develops, pays taxes, makes important decisions, and manages responsibilities. It is something you select upfront, but you can change it if it proves beneficial in the long run.
The different types of business structures:
Sole trader
Partnership
Limited company (Ltd)
Limited liability partnership (LLP)
In addition to their advantages, all these business structures have disadvantages, depending on factors such as the size and nature of the business and its future plans. There are several types of business structures, and this brief overview compares them.
Come Back Tomorrow for more on business structure - Sole trader Advantages and Disadvantages
Contact Expert Accounting and Finance for further information on the right business structure for your business
Accountancy services
Bookkeeping & payroll services
Business & Growth Strategies
Business Structure Planning
Tax & Vat Returns