Choose a company structure

Company structures - options available:

Three main types of companies have been available to operate through in the UK for a very long time:

• Sole Trader
• Partnership (e.g. LLP)
• Private Limited Company (e.g. Ltd)

We won’t go into the detailed specifics of the pros and cons of each one, except to say that it is usually driven by a choice and compromise between:

1. A want for limited liability,
2. A desire to pay less tax, and
3. The increased effort in getting through all the necessary (regulatory) paperwork.