Building a business can be incredibly difficult, so it’s important you lay good foundations. Many assume incorporation is a
complex process, with stacks of forms to fill out and hefty fees to pay. In reality the process takes about ten minutes,
and costs less than a takeaway dinner. Here are just a few of the advantages…
With your own limited company, you and your business are legally separate entities. Any losses are the company’s to bear – meaning your personal belongings can’t be touched if your business goes under.
As a limited company director HMRC gives you more options for remunerating yourself than just PAYE salary. By using this to your advantage you can fine-tune your tax efficiency to keep more of your income in your pocket.
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Wondering exactly how much more you could take home by incorporating? Select your current business type and use our calculator to see how much your take home pay will be as a Crunch client.
As a limited company you’ll enjoy extra borrowing power, the ability to take on employees easily, the capability to sell some
or all of your company, and many advantages beside – and with Crunch making your accounts a piece of cake,
there’s no reason not to.