Congratulations on starting your own business! With your idea and plan in place, the next step is choosing the right business structure in the UK. You have four options: sole proprietorship, partnership, limited company, and Limited Liability Partnership (LLP). Each comes with different paperwork and tax implications, so your choice depends on your priorities, bandwidth, and accountant’s advice. In this post, we'll briefly explore tax-efficient business structures in the UK and their pros and cons to help you decide which one suits your venture best.