Is being a ltd company worthwhile for a very small business?

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Is being a ltd company worthwhile for a very small business?

2006-12-14 00:45:34 · 2 answers · asked by allanclark8 1 in Business & Finance ➔ Small Business

2 answers

If you're in the UK it used to be as you wouldn't get charged any corporation tax on the first £10,000 of annual profits you make. Unfortunately starting in April 2006 Gordon "Hoover" Brown changed things so that you now DO have to pay a whopping 19% corporation tax on even the first £10,000 profits, so it's not as clear cut anymore.

2006-12-14 01:02:26 · answer #1 · answered by Groucho Returns 5 · 0⤊ 0⤋

yes... you don't have to order from there if you don't want to, but they have great prices on some pretty good stuff.

2006-12-14 08:53:41 · answer #2 · answered by Sharon 3 · 0⤊ 0⤋