Benefits of forming a limited company – David Impey

Running a limited company can be a complicated business. A company is a legal entity and the law makes many demands on the company itself and those who run it. However, there are benefits which arise from the separate legal personality of the company in certain circumstances, which explains why many companies are formed.   The two main benefits which can arise from the company's legal personality are tax benefits and the benefits of limited liability.   Tax The tax benefits can arise from the fact that the company is subject to its own special tax rules. If a business

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