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Whether you are a small holding or a major corporation there are numerous benefits to making your company a limited one. For example, by making the company limited the directors are also therefore making their liability limited. Whatever happens to the company (except in the case of fraud), the director’s private and personal assets are completely protected. By making a company limited, you are effective giving the company its own existence. Therefore it now becomes a separate entity to you and your assets, and yourself, are distinguishable from the company. This also benefits the longevity of the company - should the directors or managers retire, the company will remain in existence until it is liquidated or wound up by those in charge. Other benefits include the fact that the name of the company will be protected, pension schemes will be better and taxation rules will change in a very favourable way. Tax allowances are different, and many more tax-deductions can be made against profits. Limited company formation can be a long process if you go into it blind, however with the right help and guidance it can be an easy process offering you both protection and numerous benefits in the process. For those with no previous experience of starting up limited companies, it may well be worth talking to company formation agents. Company formation agents can be invaluable to any size of company during the process of a limited company formation. With strict legal requirements involved, they can help any size company find their feet and ensure that every angle has been covered. Becoming a limited company is, for most companies, the best way to make the most out of their business. It will ensure that not only you look after your company, but also that your company looks after you. The Article is written by btc-nw.co.uk/ providing company formation and company formation agents Services. Visit http://www.btc-nw.co.uk/ for more information on btc-nw.co.uk/Products & Services___________________________Copyright information This article is free for reproduction but must be reproduced in its entirety, including live links & this copyright statement must be included. Visit btc-nw.co.uk/ for more services!
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