Choosing the right business structure is of paramount importance.
There are many types of business structures to choose from, with the most common being:

• Sole Trader
• Partnership
• Limited Company
• Publicly Listed Company (plc)

Variations of these exist (such as Sole Trader Parnerships, or Limited Liability Partnerships).
Descriptions of these business types can be found in this section.

TIYB advises seeking the advice of a qualified accountant before finalising your business structure.