2. Tax Efficient One of the major limited company advantages over sole traders is tax efficiency. It's perhaps the main reason why people go through the process of setting up a limited company (or switching their structure from sole trader to limited company). Limited companies pay Cor...
When you set up a limited company, your personal and business finances are kept entirely separate (unlike the sole trader route). Unlike life as a salaried employee, you are now responsible for overseeing your obligations, by registering to pay tax on your company income, and ensuring that an...