Free plain-English guides for small businessesNo sign-up, no advertising, no cookies

Understand before you register

Choose a business structure with your eyes open.

This free guide helps you understand the practical differences between operating as a sole trader, ordinary partnership, limited company or LLP - and identify when individual advice matters.

It does not select a structure for you or promise that one option will save tax. It gives you a clearer comparison and better questions to ask before committing.

Sole traderOne individual trading personally
Ordinary partnershipTwo or more people sharing a business
Limited companyA separate legal entity
Limited liability partnershipPartnership operation with a separate legal body
Plain EnglishLegal and tax language translated into practical differences.
No automatic recommendationYour result identifies options and questions, not a definitive answer.
Official sourcesImportant assertions link directly to GOV.UK and Companies House.

The journey

Start with how the business will actually work.

Profit alone rarely decides the right structure. Ownership, risk, money, administration and future plans all matter.

Take the orientation check

Work through a short staged journey and receive structures worth comparing, reasons and advice triggers.

Start the check

Compare responsibilities

See ownership, liability, taxation, money withdrawal, records and filing side by side.

Open the comparison

Avoid common assumptions

Limited companies, partnerships, liability, VAT and company money are frequently misunderstood.

Read the myth-busting guide

Prepare for professional advice

Create a focused list of facts and questions before speaking to an accountant or solicitor.

See the preparation checklist
You can change structure later, but the change itself may have consequences. Transferring assets, contracts, VAT registration, employees, goodwill or property can require careful planning. See GOV.UK’s structure overview ↗