Are you a UK business owner?
More than 2 million businesses in the UK are registered as Sole Trader,
Partnership or Ltd companies
However, this might not be the most financially efficient way to structure
your business.
When you started your business you may have been advised to set it up as a Limited Company, Sole Trader or Partnership, and this was probably a good idea at the time. However, nothing stays the same and this advice could now well be out of date and burdening you and your company with unnecessary and avoidable costs.
In other words, your limited company could literally be limiting your financial potential ...
Did you know there are different corporate structures available for business owners in addition to the Sole Trader, Partnership and Limited Companies?
If not, you might be interested to learn how, with a different corporate structure (using Financial Leadership), you could use your business for wealth creation and also for some of the features mentioned below: Incentivise, reward and motivate your team whilst reducing your cost of employing themCreate fluidity within your current structure Decrease your liabilities when you come to sell your businessAttractive top quality talent to your teamAvoid the hassle and bureaucracy of adding additional people to your companyHave your car fully expensed by the company’s profits instead of your own highly taxed income
A different corporate structure, such as a Limited Liability Partnership may well be financially beneficial for you and your business.
The Limited Liability Partnership
There are many benefits of trading via a limited liability partnership and the savings compared with trading via the other 3 structures” can be significant.
However, the main advantage with an LLP is that as a combination of the traditional limited company and a partnership, it provides flexibility and choice. After all, it’s not how much money you make, it’s how much you keep that’s important.
To learn more and find out what’s in it for you and your business why not give us a call today on
01732 811193 for an informal, confidential chat...
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