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- Title
Self-employed or limited company?
- Authors
Kotecha, Priya
- Abstract
The article offers information on the creation of limited companies. It says that a limited company is being considered as a separate body in law despite owning 100% shares. It presents several key points in forming limited company including the formal registration of the company and filing company returns, receiving of company's income in its own company account, and payment of dividends. It discusses potential problems in incorporation, such as loss of flexibility and tax savings reduction.
- Subjects
PRIVATE companies; STOCKS (Finance); REGISTRATION statements (Corporations); DIVIDENDS; CORPORATE tax planning
- Publication
Vital (17417503), 2013, Vol 10, Issue 2, p44
- ISSN
1741-7503
- Publication type
Article
- DOI
10.1038/vital1653