It is very important you see your accountant before deciding on a business structure, as they are best placed to provide advice on the most suitable structure not only for now, but well into the future. Some items you need to consider as part of this are:
Initial staffing requirements
If you will need to hire others
The kind of business it is
Your income expectations
Your plan for growth
Family situation
Legal liability
There are mainly four different types of business structure. Before choosing which is right for you, consider the pros and cons for each by speaking with your Lawrence accountant.
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