I operate as a sole trader in Newcastle. It’s a good set-up, and I’m having quite a bit of success financially. I am now ready to expand, and would consequently like to think about developing this business into a proper company. At the same time, I’m having trouble tracking down any discernable benefits from doing so. Why would someone actually go about forming a company limited by shares? Can you recommend what types of benefits I would receive in doing so?
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