How do I register a business and choose a business structure?
Common options are sole trader, partnership and company; the right one depends on liability, tax and your country's rules.
The right structure depends on your country, the risks involved and your tax situation. Common options include a sole trader or sole proprietor, a partnership and a limited company.
Rules, names and requirements vary widely, so check with your local government agency.
Typical differences
A sole trader is simple and cheap to set up, but you are personally responsible for debts. A company is a separate legal entity, which can limit personal liability but usually involves more paperwork and costs.
Next steps
Choose a business name and check it is available. Register with the relevant authority, and find out about tax registration, licences and permits for your industry.
Get advice
An accountant or business adviser can help you choose and set up the best structure.
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