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arvy
Apprentice
Joined: 04 Oct 2004
Posts: 5
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 Posted: 03/09/08 - 05:37 Post subject: |
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| I have recently started a new company as a sole trader. I am doing pretty fine. However, I have recently heard that transfer to ltd. company can be a good idea. I would like to know whether that is really so, and what could be the benefit of ltd. company vs. sole trader. Thanks in advance for the help. |
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jayme
Apprentice
Joined: 06 Sep 2005
Posts: 2
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| Posted: 04/08/08 - 01:46 Post subject: |
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Turning your business into a limited company has some advantages you should definitely consider. First of all, you can save a lot of tax money. Also, liability is limited and you get an enhanced position in the business community. Which could also do you much good when trading.Also, you will be able to divide various interests in your company through its shares. You can see a chart with the amount of tax savings, but also some additional useful info at http://www.davidcane.com/advice/
Company-vs-soletrader.html. In any case, I strongly advise you to do it. |
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