Change business structure

A business restructure refers to reorganising your business. It is generally done to be more profitable, improve processes and adapt to the changing needs of the business. A restructure may include changing ownership, adding partners or changing the legal, operational or other aspects of the business.

A business structure is often the first thing to change when your business grows, particularly if you start as a sole trader and then want to take on a partner or even register as a company.

As your business changes and grows you need to ensure that you manage these changes successfully. Growth can lead to significant changes that affect your business structure and tax requirements.

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What to do

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