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.
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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