Many small busineses decide to operate via a limited company.  There are over 1 million small limited companies in the UK today.

So what is a  limited company?

Under a limited company structure the financial affairs of the business are seperate to the financial affairs of the people who own the company (unlike a sole trader)

Limited companies are subject to pay corporation tax (as ooposed to sole traders who pay income tax on their profits)

Directors of limited companies have more legal and adminsitrative responsibilities than a sole trader. 

Directors of a limited company are resposnsible for ensuring that accounts are submitted to Companies House at the end of each year.

When it comes to operating as a limited company there are a lot of considerations and responsibilities that directors need to be aware of.  At Balance we are here to guide you in the right direction and ensure that you keep compliant with all that accounting and tax legislation.  To discuss your limited company requirements then contact us today.