How do I choose the right business structure?

Structuring your business at an early stage will save time later and will save you money in the long term. Every business is different and what works for one will not be right for another, so getting the right advice at this point is invaluable. 

There are a number of different structures available including:

• Sole trader
• Partnership 
• Limited company
• Limited liability partnership (LLP)
  

Each of these has advantages and disadvantages and working with the right adviser will ensure you choose the appropriate structure that will help to deliver your goals, pay the right amount of tax and improve cashflow.

See our other Big Questions here