We will be pleased to hear from you if you want to start a new business and need to talk through the choice between becoming Self-Employed a Limited Company or an LLP.

Call Astons Accountants on 01582 459500 and speak to an expert.

Limited Company or
Self-Employment

Self-Employment *

Limited Company

FOR

Simple – easy to administer
Flexible – easy to manage
“Cheap” – simplest form of business, with minimum regulation and administration

FOR

Better “status” in business community
Tax/NIC efficient
Limitation of liability
Better in the long term for financial and tax planning
Easier to involve other people and investors

AGAINST

Least impressive “status” in business community
Not Tax/NIC efficient
No protection from liability

AGAINST

More complicated administration
More expensive to run
More constraints on administration
More legislation to worry about
Less flexible cash movement

*Self-employment includes partnerships which are really, effectively, treated as a group of self-employed people working together.

There is a compromise called a Limited Liability Partnership (LLP) which may suit some situations.

Iab Ifa

Thank you for what you have done... ...you have known my dad a long time and you are a Godsend to his business.

D. Savin, Nurseryman
Upper Stondon Nurseries, Henlow, Bedfordshire