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Beaumont legal formations

What I did

Before you set up a limited company, it’s important to be clear on exactly what it involves legally and financially. Let’s firstly look at what it means to be the owner of a limited company. A limited company has its own legal identity and its finances are separate from yours. Any profits you make after tax belong to the company and as a shareholder you will receive a dividend. If you are the company’s sole owner, this will be all the company profits.