One size does not fit all and for some businesses an incorporated model (such as a limited liability partnership or limited company) is neither required nor desired.
There are several unincorporated business structures, such as a partnership, co-operative or even sole trader. Whichever model you use it is important you have the correct documentation in place in order to protect both the business and you personally. For example, if two or more of you are principals in a business together it is likely that you have a partnership, even if you have not explicitly agreed as such. Unless you have a written agreement in place your relationship will be governed by the Partnership Act 1890, which may impose unintended and undesired consequences.
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