Business structures: Limited company vs Sole tradership/partnership
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Following on from our recent blog, Selecting a legal entity for your new business, to help you decide which might be the right option, here we consider the pros and cons of a limited company structure compared to a sole trader/partnership.
If you would like to discuss what will be the best structure for your new business, please get in touch, we’d love to help!
About the Author
Paul Newbold
Partner
After qualifying with KPMG where he gained significant audit experience, Paul joined Torgersens in 1991 and became the firm’s audit partner in 2000.
Paul employs his broad range of financial skills to provide commercial and accounting advice to a range of owner-managed businesses in the independent retail, education and professional services sectors. He also has extensive experience dealing with charities, Registered Social Landlords and not-for-profit organisations and co-operatives.
Outside of work, Paul likes to visit Eastern France and South-West German and read novels by David Morrell, Michael Blake and Harper Lee. He also likes watching films, his favourite is The Shawshank Redemption.
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