Setting Up a Limited Company Pros and Cons

[guest]

So, you just won your first contract and your agency is asking you for the details of your UK limited company. What do you do; should you setting up a limited company? How do you know whether the limited liability company route is best for you, or would an alternative trading option be better? There [...]


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Last edited by a moderator: Feb 4, 2015
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[fundmanager]

This applies for Offshore companies too or not?

 

[JohnLocke]

At least for Cyprus companies which are also LTD's / Limited companies.

 

[cyprusbanker]

This applies for all companies all around the world, it make sense since you will‌ not be personal liable for any activity in the company (except criminal activity) while with‍ a sole proprietor you a.. will be burned if something goes wrong! I learned that⁠ some European country have huge amounts that need to be paid in Share capital while⁤ others don't have such like UK and Cyprus!