Category Archives: Limited Companies

As a director of a limited company, you may wonder how best to access funds for personal use. It’s a common query among business owners who want to balance their company’s financial health with their personal needs. Fortunately, there are several methods available for extracting funds from your limited company, each with its own implications […]

Choosing a name for your limited company is a crucial step in establishing your business identity. Your company name plays a significant role in shaping your brand and how customers perceive you. It’s essential to select a name that reflects your company’s values, vision, and the products or services you offer. Choosing a Name for […]

If you’re a sole trader, you may have heard that you can save tax by running your business through a limited company. This could indeed be the case, but there are some disadvantages of incorporation. Disadvantages of incorporation Running a limited company means more paperwork Sole traders have to file a personal tax return to HMRC each year. However, […]

If you’re a sole trader, you may have heard that there are lots of advantages of incorporation such as saving tax. This could be the case, but there is a lot you should consider before you decide whether trading as a Limited company is best for you. Advantages of incorporation Switching from sole trader to […]

Sole trader or limited company: which is best for you? If you’re a sole trader, you may have heard that you can save tax by running your business through a limited company. This could indeed be the case, but there are many factors you should consider before you decide whether Sole Trader or Limited company is the […]