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Business ownership is a dream come true for many people. The best business formate depends on the type of business you run. We currently own a C-corp (that started in the mid-90's as an S-corp), an LLC, and a sole proprietorship.
Today I learned about a business structure in the United Kingdom called a “limited company.” It's purpose seems to be similar to that of an LLC in the United States, a company that provides some of the tax and liability advantages of a C-corp, but without the level of complexity, and with some elements of a sole proprietorship.
If you're interested in a UK Limited Company Formation, do some research to see if this type of company will be a good fit for your business model.
Alison Moore Smith is a 61-year-old entrepreneur who graduated from BYU in 1987. She has been (very happily) married to Samuel M. Smith for 40 years. They are parents of six incredible children and grandparents to two astounding grandsons. She is the author of The 7 Success Habits of Homeschoolers.