When setting up a business one of the first considerations you will have to make is what business structure you should choose. The common options are whether to operate as a limited company, a sole trader, partnership, or a charity!In this episode of ‘I Hate Numbers’ I talk about the options available for choosing your business structure (also known as business form), and how to decide. Mini spoiler alert if you are your own boss then you are self-employed!Why business structure is importantOnce a decision is made your actions will have consequences in a number of areas, includingYour financial records and accountsPersonal liabilityTaxesRaising moneyTax planningManagement structure and decision makingOptions, money, and taxesIn most things in life and in business there are always options. That is no different when it comes to deciding on your business structure.Many end up with a business structure by default, without thinking what is best for their business now, and for the future.This episode lays down the foundations (excuse the play on words) forOptionsFeaturesDecisionsMoney and taxesGood to KnowYour business structure can change and evolve over time. You can even have differing types to suit how your business empire is made up, and where you are in your business cycle.In my next podcast I get down and dirty with money and taxes. Different business structures = different tax consequencesWhat NextGrab a coffee, make yourself comfortable, sit back and listen.I love doing this podcast and sharing my love of Numbers with you. Check out the link to subscribe and do not miss an episode. Help me spread that Number Love by downloading it, listening, and acting!In This EpisodeUnderstanding the differing types of business structureKnowing what each type of business structure has as its strengthsHow to decide what is suitable for your businessDeveloping your own Numbers confidence and decisionsTake more control of your numbers to help make you money, survive and thriveLinks https://podcasts.apple.com/podcast/proactiveresolutionss-podcast/id1500471288 https://play.google.com/music/m/I3pvpztpjvjw6yrw2kctmtyckam?t=I_Hate_Numbers https://open.spotify.com/show/5lKjqgbYaxnIAoTeK0zins https://www.stitcher.com/podcast/proactiveresolutionss-podcast https://tunein.com/podcasts/Business–Economics-Podcasts/I-Hate-Numbers-p1298505/

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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