Setting up a trading company

Governance: 
Legal issues
Roger Chester, Finance Director of Lionheart, offers a ‘how-to’ guide and advice on what to look out for.

First of all you should identify why you set up a trading company. If you gain real agreement on why you need to establish one then its success or otherwise can be measured and evaluated.  The reasons are usually:

  • tax protection
  • clarification of objectives;
  • the benefits of limited liability; or
  • ability to undertake any activity

There are disadvantages including:

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