Growth and development
Incorporation
Business services
Here every step of the way
Changing from a small business to a limited company can be a big move, and we are here to help you every step of the way.
There are several benefits to incorporating your business, including:
- Tax savings: As a limited company, you could receive tax deductions that will help you to improve efficiencies. On average, we estimate our small and medium-sized business clients save up to £3,500 when they register as a limited company.
- Company share sales: One of the biggest benefits of incorporating your business is the ability to generate additional revenue by selling company shares. This is often a great way to boost small business growth.
- Liability protection for directors: In most cases, directors of a limited company are not liable for their company’s debts in the same way sole traders are. As a director, you may have to make personal guarantees when accepting business loans but you will be much more protected.
While the benefits of incorporating your business are there to see, it does not make sense for all business owners. Our specially-trained team can advise on whether incorporation is the right option for you.
We do this by weighing up all the relevant factors relating to your small business and providing long-term financial forecasts to predict what may happen in the best, worst-case and probable scenarios if you incorporate.
If you choose to go down this route, we can take care of everything – from incorporating your business and registering your company to the ongoing administration, keeping you compliant and tax-efficient along the way.
If you would like to find out more or have an initial consultation to discuss this option, feel free to call us on 01454 619900 to make an appointment or email advice@dunkleys.accountants.
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