Start saving time today
Eliminate financial admin with Thriday's automated banking, accounting and tax platform.
No credit card required

Quiz: Should your business be a Sole Trader or Company?

Are you starting a business and trying to determine the best business structure for you? Take this quiz to identify whether a sole trader, company, partnership, or trust best fits your business and lifestyle goals.

Begin The QUIZ
Please note that this quiz is for informational purposes only and does not constitute legal or financial advice.

Choosing the right business structure is crucial for your business's long-term success and growth. It determines the legal and financial framework within which your operations will function. The right structure can provide benefits such as personal liability protection, tax advantages, and reduced financial admin. Different business structures, such as sole traders, partnerships, companies, or trusts, offer varying levels of flexibility, legal protection, and tax implications. By selecting the most suitable structure, you can ensure compliance with legal requirements, optimize your tax obligations, protect personal assets, and position your business for future growth opportunities.

We recommend taking our short quiz to identify the best business structure for your specific circumstances. This quiz will assess critical factors such as your business goals, level of control desired, liability concerns, and tax considerations. By answering a few targeted questions, you can gain valuable insights into the optimal business structure that aligns with your needs and objectives. Don't leave this important decision to chance; take our quick quiz to make an informed choice and set a strong foundation for your business success.

More small business quizzes