What Is A Limited Company?
A limited company is one of the most popular ways of trading. Unlike self-employment as a sole trader a limited company is a separate legal entity to you as an individual as must be formed at Companies House.
Is It Complicated Setting Up A Limited Company?
Not for SME Cloud Accounting as we are professional UK online accountants, fully qualified and experienced in forming UK companies. As part of the process we will review your shareholding requirements and also consider any other registrations that may be required.
Why Would I Set Up A Limited Company?
If it suits your personal circumstances for several reasons to operate via a limited company then you will need to formally register it with Companies House.
What Are The Tax Implications And Benefits Of Using A Limited Company?
There are shaky 3 main benefits in using a limited company. 1) Potential tax and national insurance savings with considered remuneration planning. 2) Your status with customers and suppliers may be improved with a limited company as it will be held on the public record. 3) Limitation of liability.