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When I started my new business, one of the first decisions I made was choosing the right business structure. Whether to be a sole trader, enter a partnership or set up as a limited company (Ltd). The structure i choose affected how i pay tax, handle my finances and protect my personal assets. Today, I break down the most common UK business structures, highlighting the pros, cons, and key things to know before you get started. Sole Trader Becoming a sole trader is the simplest

It was a warm summer’s evening when I finally made the choice to take the leap of faith and set up my own business. One week later, I handed my notice in and two months after that, I had left full time employment to begin my journey as an entrepreneur. What have I learnt? It’s sometimes better who you know rather than what you know! I say that because all my clients so far have been family friends or friends of friends. Especially in my profession, it is a very trust-based se