Limited Companies

Incorporating a Limited Company In London 

At KN Morris Tax Consultancy, we understand that incorporating your business as a limited company in London is a significant decision that can have various advantages and disadvantages. While incorporation may provide limited liability protection and tax efficiency, it may also incur additional costs and require public disclosure of certain information. Our team of experts can help you navigate these pros and cons and determine the best way forward for your business. Some key points to consider are:

Advantages:

• Limited liability protection shields your personal assets from business creditors
• Operating as a limited company can appear more secure to potential investors
• Incorporation can provide a more established and professional image
• Succession planning for shareholders can be easier
• Dividends can be more tax efficient than other forms of income

Disadvantages:

• Costs for setting up and maintaining a limited company can be higher than those for self-employment
• Public disclosure requirements mean less privacy than unincorporated businesses
• Losses generated by the company cannot be used by directors or shareholders
• Audit requirements may apply in certain circumstances, incurring further costs

Ultimately, choosing the right business entity depends on your individual circumstances and risk assessment. Our team can provide tailored advice and help you make informed decisions.

Choosing the right route for you

Needless to say, choosing the right business entity is not always an easy decision. We are happy to discuss your individual requirements and undertake a proper risk assessment thus enabling you to decide on the best way forward for your business.

Whether you proceed as a limited company or as an unincorporated business, our assessment will indicate the most beneficial tax arrangements available to you and help you to make sensible choices about how you can minimise your commercial risks. To book a free consultation and speak with a local advisor contact us today.