{"id":4019,"date":"2019-12-08T09:14:21","date_gmt":"2019-12-08T09:14:21","guid":{"rendered":"https:\/\/www.tayloremmet.co.uk\/blsblog\/?p=1726"},"modified":"2019-12-08T09:14:21","modified_gmt":"2019-12-08T09:14:21","slug":"structure-your-company","status":"publish","type":"post","link":"https:\/\/www.tayloremmet.co.uk\/blogs\/structure-your-company\/","title":{"rendered":"Advice for your business: On the 2nd day of Christmas&#8230;"},"content":{"rendered":"<h2><span style=\"font-size: 14pt; font-family: Arial, sans-serif; color: #6a6c6e;\">&#8230;structure your company<\/span><\/h2>\n<p style=\"margin: 0cm 0cm 19.45pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\"><span style=\"font-size: 12pt; font-family: Raleway, sans-serif; color: #6a6c6e;\">Before flying off into the sunset like two turtle doves, you should consider your business and how it should be structured. <\/span><\/p>\n<p style=\"margin: 0cm 0cm 19.45pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\"><span style=\"font-size: 12pt; font-family: Raleway, sans-serif; color: #6a6c6e;\">There are several different ways you can structure your business and the one that\u2019s best for you will depend upon the factors you deem important. You will need to consider a variety of issues such as flexibility and administration, tax, risk and liability. <\/span><\/p>\n<p style=\"margin: 0cm 0cm 19.45pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\"><span style=\"font-size: 12pt; font-family: Raleway, sans-serif; color: #6a6c6e;\">Perhaps the biggest consideration for many of our clients is the limitation of liability. As a sole trader, you don\u2019t have any protection if anything goes wrong, although there are some advantages of running your business as a sole trader, we often advise our clients to incorporate a limited company.<\/span><\/p>\n<p style=\"margin: 0cm 0cm 19.45pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\"><span style=\"font-size: 12pt; font-family: Raleway, sans-serif; color: #6a6c6e;\">However you will need to consider that there are some formalities involved in incorporating a limited company, such as filing annual accounts and other information being made publicly available at Companies House. We always recommend our clients to discuss any potential tax advantages or disadvantages with their accountant prior to incorporating a company.<\/span><\/p>\n<p style=\"background: white; margin: 0cm 0cm 19.45pt 0cm;\"><span style=\"font-size: 12pt; font-family: Arial, sans-serif; color: #6a6c6e;\"><span style=\"font-family: Raleway, sans-serif;\">You can find out more information about the various structures you can use in our series of blogs.<\/span><\/span><\/p>\n<p>If you are setting up a new enterprise or would like to discuss the existing structure of your business, speak to Rob Moore in our expert corporate team on <strong>(0114) 218 4000<\/strong> or email<strong> <a href=\"mailto:info@tayloremmet.co.uk\">info@tayloremmet.co.uk<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8230;structure your company Before flying off into the sunset like two turtle doves, you should consider your business and how it should be structured. There are several different ways you can structure your business and the one that\u2019s best for you will depend upon the factors you deem important. You [&hellip;]<\/p>\n","protected":false},"author":36,"featured_media":3846,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1486],"tags":[1649],"class_list":["post-4019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-12-days-of-christmas","tag-days-of-christmas"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Advice for your business: On the 2nd day of Christmas...<\/title>\n<meta name=\"description\" content=\"There are several different ways you can structure your business and the one that\u2019s best for you will depend upon the factors you deem important.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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