Business structures in the UK
When you start a business in the UK you must choose a structure for your business.
Most businesses in the UK are:
- sole traders
- limited companies
You must register as ‘self-employed’ if you’re a sole trader - this means that you’re working for yourself, not for someone else.
Usually, if you carry on a business in the UK you’ll need to live in the UK.
A private limited company needs a registered office in the UK, but the directors of the company don’t have to live in the UK.