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When starting a new business one of the things to consider is how best it can be structured. Whilst some franchisors may define how their franchisees structure their businesses others allow for some flexibility. If the latter, there are several structures that can be used to establish the business operation. Detailed below are the options available to franchisees.
This is where you trade on your own account. You will need to prepare annual accounts which will then be included on your personal tax return to be submitted to HM Revenue & Customs each year, No accounts have to be submitted under normal circumstances, …