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Ia Limited Company Form

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Instructions and help about Ia Limited Company

setting up a limited company when self-employed means that your business becomes a separate legal entity with you as a director this means you'll need to file Company accounts and corporation tax returns as well as your personal tax return to pay any amounts due on salary or dividends that you take from the company this might sound more complicated but setting up a company is straightforward and hundreds of thousands of Freelancers operate in this way one of the big benefits of incorporating is that it limits your personal liability for losses and debts that the business takes on in other words only the money you invest in the business is at risk but not your personal assets it also means the name of your business will be protected but it must end with the word limited or LTD the name limited can make your business appear more reputable in the eyes of some clients and with the help of an accountant there are potential tax benefits and it would be easier to sell or transfer the

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