One of the first major decisions you will have to make as you start your new business is the form of legal entity it will take. To a large degree this decision may be dictated by the way you have organised your operations and whether you intend to work on your own or in conjunction with others.

The form of entity you choose can have a significant impact on the way you are protected under the law and the way you are affected by taxation rules and regulations. There are three basic forms of business organisations. Each has its own benefits and drawbacks and is treated differently for legal and tax purposes.

Also in this chapter of the New Business Kit:

• Sole Proprietorship
• Partnership
• Limited Company

Contact Sanders & Shaw today to arrange a free meeting or to order the full copy of the New Business Kit.