Quiz Result
Ltd Company
Based on the answers you gave it looks like a Ltd Company may be the best route for you right now.
A Ltd Company can be a little more complex to deal with than being a sole trader. There are greater tax implications for how you draw the money out of the company for the business owner, and the amount of tax and accounts admin needed is much greater.
But if you have staff, a venue, manufacture a product, or work with the public, then it can offer you a greater degree of protection.
Trading as a Ltd Company can also offer some tax savings if you’re going to be making a good profit.
It probably wouldn’t hurt to have a chat with one of our small business experts to make sure that you’re on the right track. So why not book a call in with us now and we can give you an accounts and tax health check to make sure that you’re going in the right direction.
