Company structure
You can choose to set your business up as a sole trader, limited company or partnership; each has its own benefits and limitations.
It’s worth talking to a professional adviser to make sure that you understand the obligations and responsibilities that you will have as the business owner and which legal status will suit your business best.
They will also be able to advise you on registering your business for VAT, income tax, corporation tax, National Insurance and other business taxes.
More advice
How to succeed in business
Finance and grants
Employing staff
Statutory requirements
Sales, marketing and distribution
Business plan
Time management
Passion to succeed
Protect your livelihood
Make the most of IT
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