One of the options is to run business as limited company. This setup provides access to a number of tax planning strategies. Limited Companies exist as an entirely separate legal entity from the business owners. The company enters in to the contracts in its own name. All the company’s liabilities are the responsibility of the company not the directors or shareholders. There is one exception if as a director of the company; you offer a bank or creditor a personal guarantee to repay company’s debt. In this instance you then become personally liable to pay debt if the company is not able to.
Albans makes it easy to choose the right business structure when you are starting out by providing clear guidance on whether to trade as a Sole Trader, Partnership, or Limited Company. If you have already started trading, your existing business structure can be reviewed to ensure it is organised in the most tax-efficient way. New and small limited companies benefit from fully outsourced accounting services at a low monthly fee, reducing stress and saving time.
Some initial discussions and reviews are required to assess your business needs, and the service involves an ongoing monthly fee, which may not suit businesses looking for one-off advice only.
Providing reliable and cost-effective accounting solutions to support your business growth with confidence and compliance.
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