Setting up a limited company has many benefits. It’s one of the best ways of running a business, as it provides flexibility in structuring income to maximise tax.
A limited company is useful for those who want to utilise profit-making activities within a legal framework.
The great thing about limited companies is that their structure limits personal financial risks because your personal finances are kept separate from the company’s finances. This will therefore mean that your financial liability is limited and controlled by the amount you choose to invest.