What is a Limited Company?
When you are first starting, deciding how to set up your business can be confusing. However, we believe that if you are a start-up, small business, or fast-growing company seeking investment, using a Limited Company offers a great way to maximise your profits in a tax-efficient manner while also keeping risks to a minimum.
One of the biggest benefits of becoming a Limited Company is that it allows the owner to separate their personal affairs from their business venture. This means that the owner’s liability is limited to the amount of money/assets they have invested, ensuring that they are usually not personally liable for company debts.
At Woodmanston, we can help safeguard your personal assets and put your business on a strong footing by setting up your Limited Company. We’re here to advise and support you every step of the way, and we’ll take care of everything from submitting annual accounts and tax returns to preparing formal documentation and guiding you through the relevant legislation.
Your options are never limited when you work with us
Setting up, owning and operating a Limited Company takes time and commitment, and there are a number of strict processes which need to be adhered to. One of the easiest ways to release the administrative burden from your shoulders is to outsource it all to Woodmanston.
At Woodmanston, we offer specialist accounting advice and packages for Limited Companies who need help managing their finances. If this sounds like you, then we can provide you with dedicated support to ensure that your company is run efficiently at all times.
We’ll keep your paperwork in check and costs under control and make sure that you never miss a deadline. In addition to all that, we can even offer you advice on how to save money and plan for the future.
Not only can we help with the formation and setup of your Limited Company, but we can help you to manage your money efficiently. Using our secure, cloud-based accounting system – Xero – we can monitor your expenditure and help you to automate your invoices, expenses, payments and cashflow. Simple and easy to use, Xero is the perfect bookkeeping system for Limited Companies, and is comprehensive in its insights and reporting capabilities.