Episode Overview
James Shipp is joined by Dom Smith to discuss the pros and cons of a limited company over other business structures such as sole trader, partnership and LLP. Considerations include risk, tax and cost and delve into the reasons why entrepreneurs structure successful businesses in the way they do.
Chapters
0:00 Business structure basics
1:12 Tax implications of structure
4:24 Tax planning and flexibility
7:59 Strategic tax considerations
13:27 Risk and liability protection
17:25 Partnerships and alternatives
20:41 Shareholder arrangements
24:21 Transitioning structures
26:29 Vehicle tax treatment
28:44 Conclusion and final advice