BUSINESS STRUCTURES
Why would you register a business anyway?
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While there are still significant numbers of people that operate as sole traders/ simply trade as a self employed individuals there are of course benefits to trading through a company structure/registered business.
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By drawing a line between an individual
We hope the case studies below
and the work they do, company
provide a useful overview and insight to
registration provides a distinct legal
showcase the broad range of options
personality therefore offering legal
available and the reasons and
protection and protecting an individual
experiences these founders highlight
from the debts of a company (though
regarding the options available.
personal liability still exists if a business behaves in a fraudulent/negligent way).
All the case studies selected incorporate wider social and
As the case studies demonstrate there are
environmental values into their company
many different options you can consider
and the choice of legal structures
and there may be different reasons for you
highlighted helps to showcase that
to choose one structure over another. In
'being purposeful' is possible for all
addition to the core activity, how you raise
businesses moving forwards should they
finance, Governance and control, public
wish.
and wider perception and overall purpose can all lead a business founder to a different legal set up.
The Inclusive Business Models Education Project, is delivered by Young Enterprise Scotland in partnership with Co-operative Development Scotland, part of Scottish Enterprise.
Co-operative Development Scotland (CDS) is the arm of Scotland’s enterprise agencies that supports company growth through employee ownership and co-operative business models.