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If you are considering starting a business, think carefully about its structure, as this will affect:

• which authorities you have to notify that your business exists
• the tax and National Insurance that you pay
• the records and accounts that you have to keep
• your financial liability if the business runs into trouble
• the ways your business can raise money
• the way management decisions are made about the business

There are several structures to choose from, including starting a private company, becoming a sole trader or entering business partnerships. This guide will help you understand the differences between them.

Free business start-up 91Ï㽶»ÆÉ«ÊÓƵ

Access free start-up business 91Ï㽶»ÆÉ«ÊÓƵ from your local council. If you have a great idea but you're not sure how to turn it into a business, or you have already started out in business and require mentorship on your next steps, Go Succeed Start experts will help you to create a business plan, seek funding and put all the foundations in place to get your business up and running.

or call 0800 027 0639 to register for this free advice and guidance.