Registering Your Business (UK)

Registering Your Business (UK)

The SFC Team Thursday, 1 June 2023

How your business grows, pays taxes, makes big decisions, and deals with liabilities will depend on its legal structure. You decide this at the outset, but it can change later if advantageous. In the UK, there are four popular types of business structures. All of these business structures have advantages and disadvantages, depending on factors such as the size of your business, the nature of your business and your plans for it. Here's a summary of the three most common types of business structures for fashion brands, how they compare against each other and the steps for registering each.

In this video, you'll learn:

  • The difference between a sole trader, traditional partnership and private limited company.
  • The legal responsibilities of your business structure.
  • How to register your business.
  • Essential things to bear in mind when choosing your company name.
  • If you can register a business in the UK when you live overseas.
  • How to stay on site with the taxman.

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