Forming a limited company can keep your personal assets and company liabilities separate. Shareholders investing in a company are normally only liable for debt up to the value of their investment in the shares of the company. Taking the limited company route can be a safer way for entrepreneurs to invest in a business with little or no risk to personal wealth.
Directors of a limited company also have the flexibility regarding how they are remunerated. The option of taking a reduced salary and taking further payment by way of dividends can be very beneficial regarding tax costs. For these reasons, taking on expert advice and knowledge from a specialist limited company accountant can be very beneficial.
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