Going LTD

Discussion in 'Managing Your Business' started by silversurfer, Nov 8, 2015.

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  1. silversurfer

    silversurfer Active Member
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    What benifits are there to being Ltd rather than being a sole trader
     
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  2. Green Pro Clean Ltd

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    You look more professional on your paperwork and you pay less tax, that is a fact, just go ask an accountant how to do it and you will save a lot more money.
     
  3. Simply Business

    Simply Business Well-Known Member
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    It also separates liability silversurfer. As a sole trader there's no legal distinction between you and your company, i.e. if your company owes cash, so do you. Whereas a Ltd company's assets are separate from the assets of the director him/herself :)
     
  4. Green Pro Clean Ltd

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  5. spanish pete

    spanish pete Active Member
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    Unless your turn over is 100.000 plus Its not worth it. 2 lots of accounts Paper work to companies house or big fines. You have to go paye as a employe of the company.
     
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