Currently unemployed but about to embark on a new venture with my son. We are going to be taking over an existing food takeaway business. My question is whether we would be better to do this with me as a Sole Trader and my son an employee or both being self employed in a joint venture or as a simple Partnership. We will be employing some part time staff also. The current owner runs as a Sole Trader and has a few part time staff.
Advice would be welcomed - Thank you