One of the most important decisions a business owner has to make is whether to operate as a sole trader/partnership or via a Limited Company. Company tax rates have fallen in recent years and this has made the Company route more attractive even to those posting relatively low levels of profits. However, any decision on incorporation should not be taken on tax grounds alone. The nature of the business, its trading methods and even the personal circumstances of the owners need to be taken into consideration before a conclusion is reached and it is therefore essential that you take advice from your accountant before making your decision.


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