Business Structures
22nd May 2012
... Comments

The most common types of business structures are:-

  • Sole Trader
  • Self Employed
  • Simple Partnership
  • Limited Liability Partnership
  • Limited Company

Choosing the right business structure will depend on financial and non financial factors as each business structure has its own requirements, benefits and drawbacks.

Sometimes it is beneficial to start with one type of business structure and then change to another type of business structure.

So do take into account all relevant factors, not just tax factors, when choosing the appropriate business strucutre.

About the Author

Dipak R

Member since: 3rd July 2012

I am a chartered management accountant with over 20 years of accountancy experience.
My main objective is to assist my clients in increasing and keeping their wealth.

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