Your business structure is often the first thing you may change as your business grows, particularly if you start as a sole trader and then want to take on a partner or register as a company. Investigate the options carefully to decide which structure best suits your needs.

When you change your business structure, you need to understand your reasons for this change. A business structure change can have implications for your business’s legal and tax obligations as well as your personal liability, so it’s important to seek advice from a trusted advisor.