2023 dawns and you decide to realise your dream – you’re finally going into business for yourself. No more 9-5, no more horrible bosses, no more cubicles and endless meetings, no more corporate nonsense…

But are you an entrepreneur? What’s your plan? What legal entity should you trade in?

We share some thoughts on how to answer those questions.

Then we summarise the four choices of business entity available to you, analysing the pros and cons of each in an illustrative table.

Last (but certainly not least) we’ll talk about the tax efficiency and estate planning implications – don’t decide on a business vehicle without considering them!