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Partnerships.

It is more complicated, but the position is broadly the same as for the self-employed.  The main differences are:  

1)      any individual partner is treated separately from the other partner(s),

2)      the partners must agree, but a single partner joining, or leaving, can be treated as causing cessation of the old business, or leaving it as continuing,

3)      profit/loss sharing ratios can be changed. 

If, as a result of a change of partner composition, only one partner is left, the business will be treated as that of a sole trader.  

Mitigation of taxation could take the form of termination of the partnership and transfer of the business to individual sole-traders, or to a new partnership, or to a limited company.

Upon taking up a new employment, the same as for self-employment, applies.  

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