Choosing a legal structure for your UK company

Choosing a legal structure for your UK company

Decide on what type of businesses to setup

Hi and welcome to the Two Schmucks overview on choosing a legal structure for your UK company.

When you start a business in the UK one of the first things you have to do is decide how you want to structure it. This can be quite daunting if it is you first time however it is relatively simple. There are 5 main types of company:

  1. Sole Trader
  2. Limited Company
  3. Ordinary Business Partnership
  4. Limited Partnership and Limited Liability Partnership
  5. Unincorporated Associations