A Limited Company is a separate legal entity, and if you are serious about starting and growing a business, a limited company is the vehicle to use.
There are many advantages to operating as limited company with perhaps the most important of these being tax efficiency. It must be remembered that although there are tax advantages, there is more compliance work and ‘red tape’ with a limited company when compared to operating as a sole trader.
It is crucial that you discuss your options with us prior to starting your business to get things right from the outset.
We have experience acting for many limited companies having advised from incorporation right through to the hugely successful businesses they are today.
Our limited company service includes preparation of Statutory Accounts, preparation of Corporation Tax Return, filing of Annual Returns and advice on tax mitigation strategies.
So what are the pros and cons of incorporating your business?