In-A-Minute-Company-Formations.co.uk
Title
Company Formation, Company Incorporation, Limited Company Formation
Description
This is the most simple of all legal mechanisms and may provide the ideal conduit for the small businessman. Certainly, it is not encumbered with the legalistic formalities of other business organizations and the owner does have complete control to hire, fire, enter into agreements or even cease to trade however and whenever he so pleases.
Unfortunately, this complete control and simplicity is tempered by the simple fact that there is no legal distinction between the actual business and the owner. In other words, any liabilities, debts or charges for which the business is liable, you are also personally liable.
1. No distinction between personal and business entities and therefore, no protection for one's own personal assets. There is no tax distinction between personal and business income, often leading to an inefficient use of potential tax savings.
Languages
English
Address
- 90-100 Sydney Street, Chelsea
- London, London SW3 6NJ UK
Contact
- In A Minute Company Formations
-
- 0845 1300 060
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