What not to wear: time to change your business structure?

That ‘suit’ your business wears, the one you pulled off the peg in those exciting start-up days, may be looking a bit threadbare now. Your partner is probably telling you it is time to admit that you need the next size up, or perhaps something smarter and more in keeping with your success. What your business wears has a significant effect on how well it can perform and adapt. Not only could you have outgrown it, you may have even chosen the wrong one in the first place. Your business structure affects how much tax you pay (and when it is payable), can reduce your ability to attract, r...