At Chart Accountancy we can advise you on the best business structure.
Sole trader - this is the simplest form of business since it can be established without legal formality. However, a sole trader will be held personally liable for any debts that the business incurs.
Limited Company - the business affairs are separate from the personal affairs of the owners, but there are legal regulations to comply with.
The appropriate structure will depend on a number of factors, including consideration of taxation implications, the legal entity, ownership and liability.