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One of the options is to run business as limited company. This setup provides access to a number of tax planning strategies. Limited Companies exist as an entirely separate legal entity from the business owners. The company enters in to the contracts in its own name. All the company’s liabilities are the responsibility of the company not the directors or shareholders. There is one exception if as a director of the company; you offer a bank or creditor a personal guarantee to repay company’s debt. In this instance you then become personally liable to pay debt if the company is not able to.
It can be confusing what type of business to trade though when you first starting. We are happy to discuss your requirement and can guide you to choose the right option for your business whether to trade as a Sole Trader, Partnership or Limited company.
If you have already formed a company and begun trading then we can still review your business structure to see if is organised in the most tax efficient way.
Whether you are the new or small limited company and looking to outsource all of your accounting needs, then Rauf Accountants is the solution for you. We can take care of you at a low monthly fee.
468 Church Lane
Tel: 0208 2002339
Email : email@example.com