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Business structures, governance and ethics

Compare different ways to structure your business and find out how to register as a sole trader, company or partnership.

Comparing business structures

The structure you choose affects the tax you pay, who controls the business, and what happens to your business debts.

Setting up a formal business

You may need to register your business with Companies House or simply register for Self Assessment with HMRC. How you formally set up your business depends on the structure you have chosen.

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