Forming a Business

Forming a Business: An Overview of Business Structures

Forming a Business: An Overview of Business Structures

When setting up in business, it is vital to choose the right business structure. Choose well and you will have a legal framework that plays to your business’ strengths; choose badly and you will be saddled with an inappropriate business structure exposing you to countless costs and unnecessary regulation. In this article, we will examine the various pros and cons of each business structure, as well as providing the vital practical advice you need to actually put the cogs in motion and form a business. How do I choose a business structure? What kind of company structure you decide to adopt will, in the main part, shape where your business is going. Which structure you should choose depends on a number of factors, including your tax situation, how much financial risk you are willing to take ... »