You have decided you want to start a business, but what form of business structure should you choose?
Choosing the right business structure is an important step in turning an idea into a business, and should be given careful consideration. There are a number of options to choose from but this article by Victoria McMurray, Senior Associate, MacRoberts LLP focusses on the two most common structures for new businesses, namely:
- sole trader
- limited company
Victoria covers what these structures are, while also highlighting the key considerations to help you decide which one is best for you and your business.