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Limited Company Advantages

There are a number of advantages in becoming a limited company, such as :-

  • You can give a share of the business to others eg family.
  • It may be easier to attract people to invest money in your business.
  • Obtaining bank loans may be easier.
  • There is no higher rate tax bands.
  • In the event of a partner leaving or somebody dying it is easier to continue the business.
  • It is easier to sell the business.
  • You have better standing in the public eye.
  • It can assist in the protection of a name.
  • People have more confidence in your business as they can check up on your company on the public records at Companies House.
  • Subcontractors and agency workers will find it easier to obtain work.

The main disadvantages of becoming a limited company are the extra costs of preparing of annual accounts and some loss of financial privacy.

Where accountants buy from Freephone 0800 085 45 05
Landline0161 798 9999
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