One of the first key decisions to make when starting your business relates to how it should be legally structured. It’s important to be fully aware of your options, everything from sole trader, to limited liability company, before making a decision. Taking into account the unique factors related to your specific business, Next Generation Corporate Services will help you create the perfect legal structure, considering:
- Proposed size and nature of your business activity
- How many business owners you will have
- What the relationship will be between owner(s) and management
- How formal a business structure are you willing to manage
- You commitment in terms of time and money to forming and maintaining your business entity
- Your appetite for seeking third-party investment
- How potentially vulnerable your new company may be to legal issues and other obligations