In this short video we see Consultant Plastic Surgeon and Clinical Director of Cosmetic Courses Adrian Richards answer the FAQ; “Which business structure will prove best for my aesthetic clinic?”
A question we’re often asked by people entering the cosmetic industry, is what is the best type of business structure to set up their aesthetic practice.
There are three main options:
1. Sole Trader
As a sole trader is essentially money put into your account from work done and you pay tax on it. In summary, this means you are responsible for your own money in terms of business.
2. Limited Liability Partnership
A Limited Liability Partnership ‘LLP’ stands in the middle between sole trader and a limited company. This option offers more protection than if you are a sole trader as you have help around you.
3. Limited Company
As a limited company you have more protection including any issues that may arise in the running of the company. Generally if you have a limited company you take the money out as dividends.
We advise you get this right from the beginning. It’s really important to look at the company structure and understand what will work for you.
At Cosmetic Courses we are on hand to help your through your aesthetic journey. We can give you advice on this and provide you with suitable accountants to help you decide which is the best route for you.
Aesthetic Training at Cosmetic Courses
At Cosmetic Courses we pride ourselves on the support we provide you once you have completed your aesthetic training.
Our experience in medical aesthetics has taught us that is can be very daunting setting yourself up as an aesthetic practitioner. Therefore we do as much as we can to support you with both clinical and business advice.
Aesthetics is a journey. It requires determination and dedication but is an extremely rewarding career path. For more information on our aesthetic training courses or to speak to our friendly team about your training options please feel free to contact us.