Introduction to the common types of legal structures for businesses.
Find more information in our overview guide on legal structures for business: www.nibusinessinfo.co.uk/cont...
Subscribe to our channel for more / @nibusinessinfo
Connect with nibusinessinfo.co.uk on:
Twitter / nibusinessinfo
Facebook / nibusinessinfo
Instagram / nibusinessinfo.co.uk
LinkedIn / nibusinessinfo-co-uk
nibusinessinfo.co.uk, a free service offered by Invest Northern Ireland, is the official online channel for business advice and guidance in Northern Ireland.
It contains essential information, support and services for you and your business - whether you work for a large organisation or are on your way to starting up.
Simple to use, up-to-date and practical, nibusinessinfo.co.uk is the first place to go to find guidance on regulations and to access government services. It also has a number of useful online tools, calculators, and best practice case studies; and provides access to funding options, as well as wider support.
Timestamps
0:14 - Why choosing the right legal structure is important for your business
0:35 - Benefits of setting up as a sole trader
0:56 - Characteristics of setting up as a partnership
1:47 - Characteristics of private limited companies