The first decision you may need to make is to consider which type of trading entity you should operate as. We would strongly advise that you speak to us before making this decision.

What Trading Entity Options Are There?

  • limited company
  • sole trader
  • partnership
  • limited liability partnership

How Do You Decide on the Best Option for You?

This decision will be based on your own individual circumstances.

Factors which will be taken into account in this process are :-

  • your budgeted turnover
  • your budgeted net profit
  • financial risk
  • other income you may have
  • other income of your spouse/partner
  • the cash you require to draw regularly from your business
  • marketing/credibility implications

On reading the above list you may appreciate why we are stressing the importance of speaking to us before you make your choice of trading entity.

What some of our clients say...

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