Limited Companies
It is an all-time favourite business opportunity. More limited companies have been formed in the last 15 years than in the previous 50!
- Great for limiting risk
- Slightly higher cost of setting up and running
- Easy to start - you can get this started within 24 hours typically 48 hours
- Very common - lots of people understand this and unfortunately somehow misunderstand it, because they believe this is the only way to trade if you are doing certain things. There are now more than that as an option for e.g. Limited Liability Partnerships. They also miss the tax planning opportunities that we have because there are only about 50 accountants, out of 16,000 qualified accountants, that have the intellectual property knowledge to make this a reality.
However this is a low cost and low tax vehicle. We factor this into our advice and our planning based on your circumstances.
