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SHOULD I BE A LIMITED COMPANY [2024/25]

On this video Dan runs you through the pros and cons of being a limited company. Being a limited company might not be right in every situation, but in this video Dan discusses when it might work well for you. Dan cover questions including as: Should I be a limited company Limited company vs sole trader (uk) Becoming a limited company Forming a limited company Starting a limited company What to file for a limited company Limited company tax Directors Shareholders ..... and more! If you have any questions or thoughts on this, please comment below. Subscribe to our Podcast on Spotify and Apple: “The HeelanHub Podcast” - a show for small business owners. Join our mailing list for tax tips at: www.heelanassociates.co.uk You can see more about what we get up to as an Accountancy Business on the following: LinkedIn (Dan):   / danheelan   Instagram (Dan):   / danheelan   Twitter (Dan):   / danheelan   TikTok (Dan):   / dan.heelan   Instagram (Company):   / teamheelan   Facebook (Company):   / heelanassociates   Twitter (Company):   / heelanassocs   Web: https://www.heelanassociates.co.uk Call: 02392 240040 Email: [email protected] ** Sign up to Xero Accounting Software with a great discount here: ** http://www.heelanassociates.co.uk/xero #accounting #smallbusinessuk #tax Note: As always, these videos are educational and should not be considered financial advice. Seek professional advice on your specific situation. Various links here may contain businesses in which we are a partner and therefore we receive a small commission if you buy via those links. Chapters 00:00 Introduction 02:20 Limited protection 03:39 Does it look ‘better’ 04:46 Does it save tax 07:27 Controlling your tax bill 08:15 Cashflow benefits 09:35 Cost of having a limited 11:45 Extra record keeping 13:00 Public data 13:57 Closing down a limited 14:25 When being limited is a good idea