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Which Legal Framework Best Suits Your Business?

In our latest blog article, Thomson & Bancks give advice to start-ups on the best legal structure for your new business.

Are you thinking of starting a new business? There is a lot to think about, but one of the most overlooked from a practical point of view is how your business is structured legally. Are you a sole trader? Partnership? Limited Company? There are plenty of pros and cons to each, and sound legal advice can ensure your business is built on secure foundations.

Sole Trader

This is a simple structure and its advantages include low costs and overheads, no requirements for the company accounts or audits and retention of 100% of profits. However, there are disadvantages of going it alone!

Click here to read the full article, as featured in Maximise Business Magazine.

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