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Choose The Right Structure For Your Business

For many choosing the right business structure might seem like something that should be considered at a later stage or when the sole trader business is already well established and generating high profit.

That's a mistake. Legal structure should be consulted at the first stages of business planning to consider potential benefits and disadvantages. You could end up paying much more in taxes on your profits or losing on allowances if not registered right.

Number of factors and personal circumstances impact on the choice. Reducing tax bill should not be the only goal. Think about the risk of the nature of the business, any future business loans, your household income, VAT registration and more...

We will take a deeper look into all business structures in the next weeks. To know more about business types in the UK, follow us. For 1:1 advice about different options, contact us


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