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Limited Company

Advantages
  • Limited Liability ( This is limited to what has been invested in the company, the company’s assets and liabilities are separate to the individual )
  • Ease of transfer (ownership of shares within the company can be transferred easily)
  • Tax Efficient
  • Better succession planning
Disadvantages
  • More regulation ( Accounts and annual returns have to be filed every year at Companies House)
  • Limited Privacy (Anyone can look into your company accounts and are able to check certain details of shareholders etc).
  • Audit requirement (Once the company exceeds a certain size, or is in a particular sector it will require audit. Small businesses  are normally exempt.)

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