Limited liability protection – Your personal assets, like your home and savings, are separate from business debts, reducing personal financial risk.

Tax efficiency – You can optimize tax through salary and dividend splits, often resulting in lower overall tax rates compared to sole traders.

Enhanced credibility – A limited company can appear more professional and trustworthy to clients, investors, and suppliers, aiding growth.

Easier access to finance – Banks and lenders may be more willing to provide loans or credit to incorporated businesses, supporting expansion.

Perpetual existence – The company continues operating even if owners change or leave, providing business stability and continuity.

Ability to sell shares – You can transfer ownership by selling shares, making it simpler to exit the business or bring in new partners.

Pension contributions – Directors can make employer pension contributions, which are tax-deductible for the company, aiding retirement planning.

Loss relief – Trading losses can be carried forward to offset against future profits, reducing your corporation tax liability over time.

Research and Development (R&D) tax credits – Eligible limited companies can claim tax credits for innovation activities, encouraging investment.

Employee benefits – You can offer share schemes and other incentives to attract and retain talent, supporting team development.