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Advantages And Disadvantages Of Different Business Structure
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There are many types of organisational structure a business may decide to adopt. This assignment will examine the four main different business structures and present the advantages and disadvantages of each one. The business structures that I w .... Middle of Term Paper
... or out of the business, as he deems necessary.
Business losses can be offset against other income, including claw back of past pay as you earn (PAYE). As the sole trader is self-employed, he is able to defer Income Tax and reduce his National Insurance contributions. The owner’s personal assets can be transferred to a spouse (or any other relative). However, the assets may be required to be returned by the court if it is satisfied that they were transferred to defeat creditors that were owed money.
There is no legal requirement to have the accounts and records audited. No public disclosure of accounts and records is necessary, unl ... |
| Number of Words: 1827 |
Approximate Pages: 7 |
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