Benefits of incorporation
Many small businesses start up as sole traders or partnerships but eventually the time comes when they need to consider becoming a limited company (incorporation).
The main benefit of this is that your personal liability is minimised, reducing the chance of your house being repossessed if your business fails.
Incorporation is especially suitable for bigger companies, particularly those that employ many staff and have larger contracts. Bevan & Buckland are able to advise on the benefits of incorporation in order to safeguard you and your family’s future.
Deciding the best legal status for your business is not easy and getting professional advice is critical. The ever changing tax rules also mean the decision is not as straight forward as it once was so if you need advice get in touch.