Business start-ups: tax implications of different forms of business organisation

Guidance for those considering forming a new business on potential savings from choosing specific legal structures.

Year of Publication2009

Small and medium enterprises (SMEs) account for 99.1% of all businesses and over 50% of turnover. Approximately 500 are created every day but one in three fail in the first year. The type of legal structure is of importance not only for the day-to-day commercial practicalities, but also for the taxation implications. These are reviewed in this note.

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