LIMITED Co V Sole-Trader V Partnership?
One of the key decisions is what trading Vehicle should I
This is something that we help many business owners with and
have our own incorporation department in the practice and can
set up a Limited Company the same day.
We would never recommend a business choose incorporation just
because of tax reasons but this is one of the potential deciding
The main rate and Small Companies Rate are now aligned from
01.04.15 at 20%.So all profits in a limited company no matter
what size are taxed at 20%
One of the key benefits with trading through a company is the
Limited Liability it provides to it's shareholders.
Trading as a company compared to as a Sole-trader brings more
compliance issues and the Companies Act needs to be adhered to.
This is where we come in.....we work closely with directors to
ensure everything is run as it should be and you are as tax
efficient as you should be.
If like lots of business owners you would like to discuss the
pros and cons of incorporation please give us a call. After an
hour free consultation, we can assure you, you will have the
information you need to make a informed judgement on what is
right for you.
'There is no sport as competitive
as business. It's 24 by 7 by 365 by forever'