Business Structuring and Formation
Deciding on how to operate your business is a very important factor in structuring.
Varying from sole trading, partnerships, liability limited partnerships, corporate entities and trust arrangements, we can assist you to establish and evolve your business when facing competing legal demands.
There are many advantages (and disadvantages) to each arrangement.
Sole Trading
Advantages
- Low cost and you keep all the profits
- Start-up and maintanence costs are low
- Privacy is ensure
Disadvantages
- Unlimited Liability
- Difficulty raising funds
- Personal Exposure to liability
- Difficult to grow the business
