Choosing Your Business Structure

Choosing the Right Business Structure with SBX

Tailored Business Advice to Set Your Business Up for Success

Choosing the best structure for your business is one of the most important decisions you’ll make - and getting it right from the start can help you reduce tax, stay compliant, and plan for growth. At SBX Accountants, we specialise in helping small business owners, freelancers, and startups structure their operations in a way that supports their goals while minimising liability and tax.

Why Business Structure Matters

Your legal structure affects everything from how you pay tax to what you’re personally liable for. Whether you’re operating as a sole trader, setting up a limited company, or working with others in a partnership or LLP, we help you understand the pros and cons of each route - and which one fits your needs best

Common Business Structures We Advise On

Sole Trader

Simple to set up and run. Great for freelancers and contractors just getting started. But you’re personally liable for debts.


Limited Company

More admin, but greater tax efficiency and personal liability protection. Suitable for scaling businesses, higher profits, or those looking for a more professional image.


Partnerships

Run your business with others, sharing profits and responsibilities. Requires trust and legal clarity.


LLPs (Limited Liability Partnerships)

Common for professionals like consultants or accountants. Limited liability but flexible internal structure.

Our Simple 3-Step Thought Process:

1. What Lifestyle and Goals Drive Your Business Plans?

Start by clarifying your motivations - is it financial freedom, creative control, or building a legacy?
This will guide your structure choice:

  • Sole Trader – flexible, low-cost, ideal for simple setups
  • Partnership – share control, profit, and responsibility
  • Limited Company – better for long-term growth and liability protection


2. What Resources and Team Set-Up Fit Your Vision?

Look at your setup and how you plan to operate:

  • Going solo? A sole trader structure keeps admin low.
  • Building a team? A limited company or LLP gives clarity and protection.
  • Collaborating with others? Partnerships suit shared ventures with aligned roles.

We’ll help you weigh the practical implications and choose the best option.

3. How Will You Say Compliant from Day One?

Whatever structure you choose, compliance starts immediately:

  • HMRC registration
  • Filing responsibilities (e.g. corporation tax, annual returns)
  • Payroll (if hiring)

SBX Accountants ensures all of this is sorted from the outset - so you're not just set up, but set up properly.

How SBX Accountants Can Help

Company Formation: We’ll register your company with Companies House and HMRC, ensuring the right structure and compliance from day one.

Tailored Tax Advice: Maximise allowable expenses and choose the most efficient setup for withdrawing funds.

Digital Onboarding: Our secure client portal makes it easy to scan receipts, sign documents, and submit your info online.

Compliance Covered: From annual returns and payroll to VAT and corporation tax – we’ve got you covered.

Ready to Set Up or Restructure?

Whether you’re just getting started or want to make your current setup more tax-efficient, SBX can walk you through your options and handle the setup on your behalf.


Book a free consultation today and let’s make sure your business is built on the right foundation.