What choices do I have for the legal form of my business?

 

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1. What choices do I have for the legal form of my business?

If you will be the sole owner of the business, you can trade as a sole trader. You are self-employed, and there is no separate business entity. You can be a sole trader even if you have employees working for you.

Alternatively, you can form a limited company.

If there will be more than one owner of the business, then you can trade as a limited company (see 2), a partnership (see 3) or a limited liability partnership (see 4).