You could become a Limited Company; there are pros and cons to this

As a small business, you could become a Limited Company. There are pros and cons to this; a Limited Company gives you more flexibility in how and when you pay tax, for example, but has to comply with rather more regulations.

A Limited Company must be registered and have directors, shareholders and, currently, a company secretary (though this will be abolished in October 2008). It also has to submit accounts to be filed at Companies House. Whether becoming a Limited Company is worthwhile is something only you can decide, but we’ll give you all the information and advice you need to make that decision.

If you decide to go ahead, we can help you with all the arrangements and appropriate registrations.

To find out more please speak to your account manager or call us on 01428 64 44 33.