Creating the right legal structure for your business can be time consuming yet it is critical to the future success of your company.

Company structures include Sole Proprietorship, Partnership, Limited Liability Company (LLC), Compnay limited by shares, Corporation and Non-Profit (Charity). The best structure often depends on the maturity and size of your company. Many business owners find their business structure changes over time.

The personal tax liability of the owners and how your taxes are paid depending on your business structure. For example, a sole trader is quick and easy to set up and has minimal costs compared to other structures. However, the sole trader is ‘solely’ responsible for any losses the business may make which could affect personal assets. Income and losses are taxed on the individuals’ personal tax income return and the sole trader cannot separate themselves from the business.

We provide our customers with guidance on the business structure that will best meet their needs while maximising the amount of tax efficiency that can be achieved during the life of their UK business.

What is a Business Structure?

A structure refers to the organization of a company in regards to its legal status. Choosing the most appropriate structure creates legal recognition for your trade. Above all, a business structure trickles down to so many other factors which are part and parcel of running a successful business.

What is the basis of a business plan structure?

It may include a table of contents, company background, market opportunity, management overviews, competitive advantages, and financial highlights. It’s probably easiest to write the detailed sections first and then extract the cream to create the executive summary.

A organizational structure is a system that outlines how certain activities are directed in order to achieve the goals of an organization. These activities can include rules, roles, and responsibilities. The organizational structure also determines how information flows between levels within the company.

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