What legal entity is right for your business? | THE SMALL BUSINESS.
The Small Business Blog
JUNE 29, 2006
Another downside, if you make more profits than you draw out, you are still taxed on all the profit irrespective of whether you have taken the money, and with a 40% tax band this can be expensive. A limited company must obtain approval from Companies House to use its proposed name. You must which kind of a firm you want to set up.
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