A limited company as a means of conducting business activities is becoming increasingly popular but one must understand the impact of key principles on Company Law, Taxation and other issues before deciding suitability to a particular situation.

There are advantages in terms of separating business risk from the individual ‘owner’ and confining financial risk to the capital subscribed.  There are also advantages in terms of lower taxation rates.  On the other hand, the corporate environment is heavily regulated by various Companies Acs.

Before incorporation, seek advice so that you are aware of all the implications and plan well in advance.