01: Introduction
The legal form your business takes will depend on your aims and objectives, and, among other things, the type of business that you operate and your attitude towards risk.Getting the right legal structure is vital, because it will affect all aspects of your business - from how management decisions are taken to determining the way money can be raised. Most small businesses that opt for limited company status become private companies limited by shares, but there are three other main types of company:
- Public limited companies (PLCs).
- Private unlimited companies.
- Private companies limited by guarantee.
