Every personal trainer who is starting a personal training business needs to be aware of the various business types and structures that are available. You need to choose the correct structure both now, when you are starting your business, and later on when your business expands.
- Sole trader
In addition to business structures, there are also many options when it comes to business types. These might include:
- Family business
- Home-based business
- Independent contractor
Choosing a business structure and type are important decisions because each option will have certain implications for your business. Seek professional legal advice to ensure that you make the best possible decision when starting your business. Each option comes with its own set of advantages and disadvantages so you need to understand each option before making a final decision.
Remember that you need to determine what business type and structure your business will have before you can register it.