Private Ltd by J Hanton https://padlet.com/jhanton/j1azeb54rwog en-us 2017-03-20 14:29:52 UTC 2017-04-19 14:04:35 UTC hello@padlet.com Advantage; The obvious advantage of a Limited Liability Company is the financial security. The Company’s shareholders will only be responsible for any debt the company builds up. This can provide a comfortable feeling of security for investors in the Company. https://padlet.com/jhanton/j1azeb54rwog/wish/161774451 2017-03-22 11:53:25 UTC https://padlet.com/jhanton/j1azeb54rwog/wish/161774451 Ria https://padlet.com/jhanton/j1azeb54rwog/wish/161774843 The advantages of a private limited company include:

  • A Private Limited Company is a legal entity
  • Added credibility for Private Limited Companies
  • Private Limited Companies have a reliable legal precedent 
  • Private Limited Companies have an unlimited life
  • Ltd companies’ may bring additional taxes benefits, and are subject to lower corporation tax
  • Private Limited Company structure is suitable for profit or non-profit use
some business examples of a private limited company are any local solicitors.
]]> 2017-03-22 11:54:52 UTC https://padlet.com/jhanton/j1azeb54rwog/wish/161774843 josh https://padlet.com/jhanton/j1azeb54rwog/wish/161775503 Private Limited Companies must hold annual meetings and the shareholder and directors have specific formalities to observe.]]> 2017-03-22 11:57:23 UTC https://padlet.com/jhanton/j1azeb54rwog/wish/161775503 Advantage; https://padlet.com/jhanton/j1azeb54rwog/wish/161775552  Limited Companies are only taxed on their profits]]> 2017-03-22 11:57:30 UTC https://padlet.com/jhanton/j1azeb54rwog/wish/161775552 what does this mean https://padlet.com/jhanton/j1azeb54rwog/wish/161776511 2017-03-22 12:01:28 UTC https://padlet.com/jhanton/j1azeb54rwog/wish/161776511 josh https://padlet.com/jhanton/j1azeb54rwog/wish/161776602 A Limited Company is more expensive to set up than a sole trader or partnership.
Private Limited Companies pay annual fees and have periodic filing obligations.
Owners of the limited companies have less personal control over the company compared to sole traders due to compliance issues. 
]]> 2017-03-22 12:01:55 UTC https://padlet.com/jhanton/j1azeb54rwog/wish/161776602 disadvantages https://padlet.com/jhanton/j1azeb54rwog/wish/161776628 Disadvantages of operating as a limited company: Must incorporate the company with Companies House.

 Generally there are more costs to set up. One cannot be a director of a company if he is disqualified director or un-discharged bankrupt. 

There are certain restrictions with regard to the company name. 

The information relating to the owner of the company and the company are displayed on public record. There are more complex, time consuming accounting and administration requirements. 

The accountancy costs are more expensive. A professional accountant might be required. Withdrawal of money form companies can be difficult. ]]> 2017-03-22 12:02:03 UTC https://padlet.com/jhanton/j1azeb54rwog/wish/161776628 josh https://padlet.com/jhanton/j1azeb54rwog/wish/161776905 Cost – Some people will have you believe that a Limited Company is expensive to set-up. Not so! Our Company Formation packages start from as little as FREE! And include many related services and products that would cost you highly elsewhere.]]> 2017-03-22 12:03:16 UTC https://padlet.com/jhanton/j1azeb54rwog/wish/161776905 josh https://padlet.com/jhanton/j1azeb54rwog/wish/161779026 Complex Accounts– There are more complex and restrictive rules governing the accounts and bookkeeping of Limited Companies than sole traders (for example). The Company is expected to produce years accounts incorporating a double entry format, balance sheets and other notes. With the (generally) larger nature of a Limited Companies business this can be a time consuming and costly undertaking. The Company Warehouse’s accountancy service is custom made to ease the burden on Limited Companies. Our low-cost, competitively priced service will take hold of the accounting reigns and allow you to remain free to concentrate on the running of the business.]]> 2017-03-22 12:11:43 UTC https://padlet.com/jhanton/j1azeb54rwog/wish/161779026 Advantage https://padlet.com/jhanton/j1azeb54rwog/wish/161779048 Limited Companies are only taxed on their profits]]> 2017-03-22 12:11:48 UTC https://padlet.com/jhanton/j1azeb54rwog/wish/161779048 hi https://padlet.com/jhanton/j1azeb54rwog/wish/161782236 2017-03-22 12:22:56 UTC https://padlet.com/jhanton/j1azeb54rwog/wish/161782236 spryyyyyyy dogggggg https://padlet.com/jhanton/j1azeb54rwog/wish/163043874 2017-03-28 08:40:33 UTC https://padlet.com/jhanton/j1azeb54rwog/wish/163043874 scroll up https://padlet.com/jhanton/j1azeb54rwog/wish/163043928 2017-03-28 08:40:49 UTC https://padlet.com/jhanton/j1azeb54rwog/wish/163043928