Setting up

What are the practical steps in setting up my business – should I be a sole trader, a limited company, a charity or something else entirely?

Limited companies and sole traders are by far the two most common legal structures for businesses. Partnerships, limited liability partnerships and social enterprises make up most of the rest. Choosing which is right for you depends on your business ambition and how you plan to operate. The resources below help you to learn to avoid common mistakes, understand the benefits and risks of different legal structures, and also consider questions such as whether you need an accountant.

Which legal structure?

Business formation

Approach to accounting