What are the Advantages and Disadvantages of a Limited Liability Company? | Learn it All!
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The gap in tax efficiency between sole traders and limited companies has narrowed significantly in recent years. While limited companies still offer certain advantages — such as legal protection and the ability to retain profits within the company to defer personal tax — the decision isn't as clear-cut as it once was. Many comparisons assume all profits are withdrawn, which can distort the real-world benefits. For business owners looking to reinvest or grow steadily, a limited company may still
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