Whatever business structure you have adopted to run your business, there is always room for improvement. The Accountancy Network team work hard to deliver you sufficient knowledge to choose your business type according to your needs. The main types of business are listed below, here you can learn more about the benefit you gain from adopting the right type of business structure.
Sole traders may benefit from the support of an accountant to manage their finances.
Many people have invested in buy to let properties to earn an additional income.
If you work in a self-employed capacity you may benefit from employing an accountant.
Business partnerships can be extremely rewarding. This could be between two or more people.
A Limited Liability Company is a specialist business structure involving a partnership or sole proprietorship.
A company that is limited by guarantee is an alternative type of corporation used primarily for non-profit organisations.
Accounting for a limited liability partnership company requires specialist experience.
A plc requires specialist accounting support because shares can be sold on the stock market.
Accountants are able to undertake company health checks, and establish strong systems.
An unlimited liability company is very similar to a private limited company.
It is becoming increasingly popular for small businesses to have more than one share class.
The accounts for a property management company need to be managed effectively.
As an accountant is also a professional practice company, they understand the opportunities.
They can support many different businesses including financial advisors and trustees.