YBC Academy : How To Trade

Sole Trader
You’ll be working for yourself and will be solely responsible for everything.

Partnership
You’ll be working with one or more others to share decisions and any profits. We highly recommend putting a partnership agreement in place because circumstances can change. A template is free to download in the members’ area.

Limited Company
A limited company is a legal entity in its own right and is run by its directors on behalf of its shareholders who have a financial stake in the company. Template documents are available in the members’ area.

Limited Liability Partnership

Similar to a limited company in that it has its own legal identity. It is run by its members and, again, we recommend appropriate documentation be put in place.

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