Compare sole trader, partnership, LLP and limited company on tax, liability, admin, credibility and funding – then record your decision.
Starting a business
Choosing a Business Structure Guide
About this document
A plain-English guide and decision checklist to help you choose the right legal structure. It compares the main options side by side, sets out the current tax rates as placeholders to check, works through a tax example and ends with a scored decision record.
The document is laid out in the sections below. Each one comes with a plain-English guidance note explaining what it does and what to change.
Our templates are professionally structured starting points for UK businesses, not legal advice. For anything complex, unusual or high-value, have your final version checked by a solicitor.
Included in the pack
Starting a business
for every document in this category
Editable Microsoft Word files
Guidance notes in every document
Written for UK businesses
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