Choosing the correct business structure when you start out in business is very important for a number of reasons – not least that the wrong business structure may be costly to change later on.

Often people assume that they need to form a company to start up in business – but while forming a company is a valid business structure choice, it’s not always the best option.

The IRD suggest you get advice from an accountant, lawyer or business advisor before you make a final decision, and having seen scenarios where this hasn’t been done, we agree!

Sole Trader

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