As limited company, Anthony J. Warnock has a range of accountancy services that may be able to assist you. A limited company is an separate legal entity from its owners, which means that the company’s liabilities are the responsibility of the company and not of the directors and shareholders, unless in the case of a director of a company offering a personal guarantee on the company’s debt.
As a limited company and with limited liability, companies are more attractive to investors. The business form makes the operation look more professional and larger. It is also straightforward to transfer or apportion ownership through shares. Whilst the advantages are attractive, there are some disadvantages also. Directors’ and shareholders’ personal details and abbreviated accounts have to be filed and are open to public scrutiny. There are also higher costs for setting up the company and the preparation of accounts since they have to be filed in accordance to the requirements of Companies House.
Are you currently or thinking about trading as a limited company? Anthony J. Warnock can help! To arrange an initial meeting at your premises or home with a free, no obligation quotation call today on 07853 384 014.