Setting your business’ structure can appear to be a simple decision when you first start-up.
If you are working by yourself, sole trader billing makes sense, while a business partnership is the way to go if you’ve teamed up with a trusted confidante.
However, as tax and business advisor Greg Hayes explains today, fast-growth start-ups often have to switch their structure mid-stream to reap the rewards of their success. Read his advice to ensure you’ve got the right set-up.
Meanwhile, mentor Paul Clements outlines how to get your accounts in order to satisfy an investor and we shine a light upon a novel approach to the ‘try before you buy’ business model.
There is less than a week until entries for the 2011 StartupSmart Awards close. The winners will receive prizes, editorial coverage and mentorship. To enter, click here.
Oliver Milman, editor
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