The legal structure you choose for your business is one of the most important decisions you will make in the start-up process. There are generally four basic types of business entities, each of which has its own pros and cons.
Your choice of structure can greatly affect the way you run your business, impacting everything from liability and taxes, to control over the company. The key is to figure out which type of entity gives your business the advantages when it comes to helping you achieve your organisational best.
This advice section is brought to you by Magma Chartered Accountants.