Setting up a limited company is the most common alternative to setting up as a sole trader, and there are a number of reasons why you may choose this route. These include limiting personal liability for business debts, and providing your business with marketing advantages by adding perceived credibility.
A limited company is a separate legal entity, and, as an owner-manager, you will work for it and be taxed as an employee in the same way as others employed by the company. A limited company must be registered with Companies House before it can begin trading, and there are various forms and documents that must be filled out and returned in order to ensure that it is registered and incorporated correctly.Last Updated
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Setting up and running a company
Setting up and running a company
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Setting up and running a company
