Start On The Best Foot When It Comes to Business
If you are looking to start a limited company, Clever Law have a range of standard formation documents that can save you time and money whilst forming your own limited company, rather than buying a company off the shelf, or paying a formation agent.
You may be wondering whether to start a limited company or an LLP. Usually, the members of an LLP are treated as self-employed and will be liable to pay income tax on their share of the LLP's profits. A limited company is treated as a separate entity for legal and tax purposes and if incorporated in England and Wales it will pay corporation tax on the company's profits. This can be retained or drawn as a dividend by shareholders. Clever Law has formation documents for both types of corporate identities.