Choosing the status of your new business
When you start your new business its status will be that either of a SOLE TRADER, PARTNERSHIP or a LIMITED COMPANY.
A sole trader is the simplest type of business from the point of view of formalities and restrictions for an individual. If you are operating the business on a partnership basis then I would recommend that you have a partnership agreement drawn up by a solicitor.
Your accountant, solicitor or bank manager will advise you on the advantages and disadvantages to you personally and to your individual business, with regards to the status of your business.
Domestic cleaning franchise opportunity, Work from Home, franchise business
Tags: business, domestic cleaning, domestic cleaning franchise, limited company, new business, partnership, sole trader, status of your business, work from home
