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You can get the basic types of UK business structures from this presentation. It may be helpful for starting the business on the UK.
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Basic Types OF UK Business Structures Presented By Henry Sancheez
Introduction • More number of business structures are available in UK. But People has interested on these major types of business structures. • Here you can know about the basic business structures of the UK.
Sole Traders • You run the business on individual, they called as ‘sole traders’. They can take the decisions immediately without discussing with the other members. • They are the owner of every profit and loss of the company. No one can interfere their business activities.
Partnership • Partnership means that, the group of members can run the company under the legal agreement. • Anything can be done for benefits of the business after discussing with the share holders.
Limited Company • Limited company is registered by the limited by shares or limited by guarantee. You can get the detailed tax advice from the experts.
Conclusion • Above are the basic business structures on the UK. You want to know the other business structures, you can contact here: http://www.taxpartnersuk.com/ • They will give the best business structures that suits to you.