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A limited company is one of the most popular types of business structure; this is because a limited company provides a limited about of financial liability for shareholders and owners.
The financial liability of the shareholder or the owner is limited to the value of their shares or, for a company that is limited by guarantee, their guarantees.
These include a ‘charitable objects clause’, ‘non-profit distribution clause’ and a ‘dissolution clause’.
These are all things that we can give you guidance and help with.
The Company Warehouse will always recommend that you choose for your business to be a private company limited by shares as it is quick and easy to form and comes with a range of advantages for the owner and shareholders.England & Company are a firm of Chartered Certified Accountants, Chartered Tax Advisors and Registered Auditors.We work with over 1,000 clients across Dorset from our Wimborne office.There will be limited financial liability meaning that the owners and shareholders are not personally liable for the company’s debts.As a shareholder or director of a limited company, you can pay yourself through a mix of methods which will allow you to reduce your personal tax liability.