Whichever structure you choose can be changed if your business needs evolve. Your accountant can provide professional advice on which structure you should choose and the tax implications.
The structure you choose will affect how you need to register your business and work out your tax.
Don't forget you will also need to register for VAT if your turnover exceeds the current VAT Threshold (£82,000 in 2015).
There is specific business support available for new businesses.
Contact us for help starting up and growing your business.
This feature is only available to registered users.
Cumbria Business Growth Hub, Broadacre House, 16-20 Lowther Street, Carlisle, Cumbria, CA3 8DA. T. 0844 257 84 50 E firstname.lastname@example.org
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