In this podcast, I’m going to talk about business structures you can choose from when starting a business. The first thing you need to do before you register your business is to choose a business structure. Since the business structure influences everything: from day-to-day operations, to taxes and how much of your personal assets are at risk, you should be aware of the advantages and disadvantages of each of them. This will allow you to choose a business structure that gives you the right balance of legal protections and benefits.This podcast does not provide accounting, tax, business or legal advice. This guide has been provided for information purposes only. You should consult your own professional advisors for advice directly relating to your business or before taking action in relation to any of the provided content.The main types of business structure around the world are sole trader, partnership, and company. I’m going to walk through each of these three types of business structure and give you the major pros and cons. You’re not locked into one structure forever. A lot of businesses start out as sole traders and they change their business structure when they start getting bigger and carrying a greater financial or legal risk.

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