Unlock the Secret Blueprint: Which Type of Business Ownership Will Skyrocket Your Success and Which One Could Tank It?
One of the biggest advantages of choosing a private limited company is that it offers owners limited liability, keeping their personal assets protected from any liabilities the business incurs, which means no more sleepless nights worrying about your mortgage!
The other benefit of an LTD is that it can continue to exist after the death of any owner, making it the best option for passing the business on to a family member or friend.
Unfortunately, it is more expensive to set up an LTD due to legal and administrative costs, and you also need to factor in other aspects, such as corporation tax, but it’s a small price to pay for the security of the business and your finances.
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