Your Money and Your Business

As the owner-manager of a small or medium enterprise, your own financial affairs are likely to be closely intertwined with the way you run your business.

You should think about how the business will affect your own finances from the moment you start up and continue to keep this in mind throughout its lifecycle.

This briefing outlines how you can manage both the investment you put into the company and the income, profits and other benefits you and your family get from it. It covers:

• Choosing the business structure which is most financially advantageous to you.
• Financing the business in a tax-effective way.
• Extracting profits and making investments.
• Exits and inheritance.