Start Your own Business

Legal structures

Will you become self-employed? A sole trader? A partnership perhaps? You must give some serious thought to the correct legal structure for the new venture as this will effect:

• your financial liability if the business runs into trouble
• the ways your business can raise money
• the tax & National Insurance that you pay
• the records & accounts that you have to keep
• the way mangement decisions are made about the business

>> Surviving the first year

<< How to plan

<< 5 important considerations