When starting a business, choosing the right business structure is important to the success of the business. Here are some reasons why getting advice on the business structure is important to the success of the business.
Reduce your personal risk exposure – A sole trader for example faces unlimited liability for any debts the business may run up. Restructuring the business as a limited company will limit the liability. Adam & Co will advice you where you should launch as a sole trader, partnership or limited company.
Raising capital for you business – When trying to raise money for your business investors are normally only interested if you offer them a percentage of the business in return which may require you to create shares in the business.
Adam & Co can give you advice on how to structure you business from scratch so that you start off knowing you are on the road to owing a successful business.