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[link widoczny dla zalogowanych]

[link widoczny dla zalogowanych]

or any small or even large organization that is just starting out.
The choice of reverting to the incorporated status for any business bring about so many changes and responsibilities; company formation will be so much different from self employment status and it all begins with the fact that there are certain tax advantages that can be enjoyed with this company set up.• In company formation, the incorporation details should be submitted to Companies House, and these details need to be update annually [link widoczny dla zalogowanych], through the Companies House Annual Return.• Any financial accounts that had been audited should also be filed every year with both the Inland Revenue as well as the Companies House.• The directors of the Limited Company must follow all the provisions stated in the Various Companies Acts.• There should always be formally appointed company officers in the limited company set up; with at least one director [link widoczny dla zalogowanych], one secretary When there are several directors in the company, one can stand as a secretary. However [link widoczny dla zalogowanych], a sole directory cannot also be the secretary.Advantages of Corporation TaxIf you are a sole trader, you will be required to pay income tax on your net taxable profit; however, if you have a limited liability company, you will only be expe