New rule for small biz

**Sysman** · 21 March 2012, 19:21

Originally posted by eek View Post

Only unincorporated businesses supposedly.

Can someone please explain what an "unincorporated business" is?

Layman's terms please. Does it mean self-employed rather than LtdCo?

**amcdonald** · 21 March 2012, 19:24

Originally posted by Sysman View Post

Can someone please explain what an "unincorporated business" is?

Layman's terms please. Does it mean self-employed rather than LtdCo?

Sole Trader or Partnership definitely, but what about limited liability partnerships ?

**AtW** · 21 March 2012, 19:38

Originally posted by amcdonald View Post

Sole Trader or Partnership definitely, but what about limited liability partnerships ?

LLP is a corporate entity.

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