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One of the most common questions we are asked by new businesses is, ‘should I trade as a sole trader or a limited company?’ Whether you are a new business just beginning this process or a regular client we would always frequently review this with you.
Choosing the right structure for your business is a key decision and many areas need to be considered before the final decision can be made. Unfortunately, as with most things financial, the answer is not so simple. Here at David Allen, we not only need to consider the tax implications but we also get to know our clients to fully understand what would be most suitable for them.
Some of the questions we ask include:
How you respond to the above gives us an understanding of your personal circumstances and future aspirations, which will then point us in the right direction of what business structure will suit you best.
Once the business structure has been decided, we can then offer you the support you need to establish and register your business, whilst moving forward with you towards achieving your future goals.
If you would like to speak to us in more detail about your business structure, we have teams in our Dalston, Dumfries, Penrith and Workington offices. Why not get in touch?
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