Helping you get it right
Once you’ve made the decision to be your own boss, one of the next steps is to decide the best legal and taxation structure for your business. Which one you ought to opt for will depend on your personal situation and your future plans. Your decisions will have repercussions on your business for years to come, including the way you are taxed and your exposure to creditors. It’s a big decision and one that shouldn’t be taken lightly.
As expert business advisers, we can help you make the right decision about your business’s structure. We’ve helped countless business owners overcome this very dilemma and will help you too with top-tier advice.
Usually, business owners opt to work either as a sole trader or a limited company. The differences here are stark: sole traders are legally the same as the business, liable for all debts, while company directors are legally separate from their company. They, therefore, enjoy limited liability from the company. Both types of businesses are taxed differently, too.
If you own your business with someone else, we can help you decide whether you should operate as a limited liability partnership or a regular one. Whatever you choose, you can’t say you didn’t know about all the pros and cons to each structure type if you talked to us first.
Here to help, always listening, ready to give you great advice.
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