Small Business Structure

Which Small Business Structure is Right for You?

When you are setting up your small business, one thing you will need to consider is which business structure will be the most suitable for you.

In this section you will find an overview of the four main legal structures that you will be able use to decide which legal structure you should choose.

But it is very important that you discuss your options with your accounting, tax, and legal advisers before you make your final decision.

So, what are your choices?

In short, the four main business structures available are trading,

There are also a number of other business structures like limited partnerships, cooperatives, or incorporated associations, but these are outside of the scope of this discussion.

For more information on any of these alternatives talk to your accounting, tax, and legal advisers.

Each of these business structure have advantages and disadvantages. The structure that you actually choose for your small business will depend on which one provides the best fit for you and your business.

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