Starting a Business Made Simple
With Rizos & Associates Solicitors, starting a business doesn’t have to be as difficult as you might think.
We provide clear, practical advice to help you choose the most appropriate business structure — one that supports your goals, protects your interests, and sets you up for long-term success.
A sound business structure is essential. It helps protect you personally, ensures compliance with legal obligations, and places your contracts, terms and conditions, business leases, and commercial arrangements on a strong legal foundation.
Which Business Structure Is Right for You?
Every business is different. We can advise on the advantages and obligations of each structure, including:
Sole Trader
A sole trader structure is simple to set up and gives you full control over your business. However, you are personally responsible for all debts and liabilities, which can place your personal assets at risk.
Partnership
A partnership involves two or more people running a business together and sharing profits and responsibilities. Without a well-drafted partnership agreement, disputes and personal liability risks can arise.
Company
A company is a separate legal entity that can limit personal liability and provide greater flexibility for growth. It involves higher setup costs and ongoing compliance requirements, but offers stronger asset protection.
Trust (Family or Unit)
A trust allows a trustee to hold and manage business assets for the benefit of others, often providing tax planning and asset protection advantages. Trusts are complex structures and require careful legal advice to ensure they are set up and managed correctly.
Franchise
A franchise allows you to operate a business using an established brand and proven systems. Franchise agreements can be restrictive, making it essential to understand your rights, obligations, and exit options before signing.
Limited Partnership
A limited partnership includes both general partners, who manage the business, and limited partners, who invest with reduced liability. This structure can be beneficial for investment purposes but requires careful structuring to comply with legal obligations.
Our advice is tailored to your circumstances, ensuring your chosen structure aligns with both your short-term needs and future growth.
Get Advice Before You Start
Choosing the right structure from the outset is crucial to long-term success.
Speak with Rizos & Associates Solicitors before starting your business to ensure you begin with clarity, confidence, and the right legal protection in place.
Contact us today to arrange a consultation.