Company Formation Specialists

Why would I need to set up a limited company?

 

One of the main reasons that people register their business as a limited company is that they benefit from limited liability. Setting up a limited company not only means that you benefit from limited liability but the business is recognised as a separate legal entity. The company has its own responsibilities, its own obligations, profits, losses and debts. A company is operated and controlled by its Directors, and any other officers for example, employees and shareholders.

However other reasons for registering as a limited company may include possible taxation advantages, property holding, and the ability to interest external finance.

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