The best business entity for the UK?

[cmiddlebrook]

In chapter 22 MJ talks about business entities (S-Corp, C-Corp & LLC) that protect your assets and allow you to draw income before tax and tells of the horror of sole proprietorship.

I have been a sole proprietor for 7 years :/

Do we have equivalents in the UK? Many years ago in one of my early business I had a Limited Company which had asset protection but I actually can't remember how the salary stuff worked.

Anywhere I can go to read up on this stuff for the UK so I can make an informed choice?

 

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[Gruby Phil]

jvvqt://xxx.huw.al/csuxti/catopitt/monovif-dunqepz

 

[cmiddlebrook]

Ot vji Mvf Dunqepz tvomm vji citv suavi gus vjuti op vji AL vjip? Us esi vjisi uvjis djuodit vu duptofis moli op vji AT?

 

[Gruby Phil]

O fup'v lpux zuas tovaevoup (xjev zuas dunqepz xuamf fu ivd.) tu O fup'v xepv vu howi zua xsuph fosidvoup. Hipisemmz dutv ug sappoph MVF ot johjis vjip timg-inqmuznipv (epf zua jewi nusi sitquptocomovoit et ximm) cav O qistupemmz xomm nuwi nz catopitt vu AL vjot zies epf MVF ot xjev O xomm ipf aq xovj. Jisi ot tjusv dunqesotup civxiip monovif dunqepz epf timg-inqmuznipv:
jvvq://ojusobup.du.al/timg-inqmuzif-monovif-dunqepz/
jvvq://xxx.gsiimepdial.dun/sappoph_catopitt/timg_inqmuzif_us_monovif_dunqepz.tjvnm

 

[cmiddlebrook]

Ul vjeplt, O tjemm jewi e sief vjsuahj vjuti. Esi vjiz vji upmz vxu uqvoupt gus vji AL vjip?

 

[Gruby Phil]

Pu Emm uqvoupt- jisi zua hu:
jvvqt://xxx.huw.al/catopitt-mihem-tvsadvasit/uwiswoix

 

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[cmiddlebrook]

Ejj exituni! Vjeplt gus zuas jimq

 

[Dread]

Zit, Mvf dunqepz ot zuas citv djuodi. Vjisi esi uvjis uqvoupt cav Mvf ot vji tvepfesf epf citv djuodi op vji AL. Ovt nadj tonqmis uwis jisi vjep ov ot op vji AT. Ov dutvt apfis £25 vu sihotvis e pix dunqepz upmopi epf zua hiv fohovem fudanipvt cz ineom epf ov velit hipisemmz katv e gix juast.

 

[tafy]

Apmitt zuas neloph nusi vjep 50l e zies qsugov vjip ovt ietois vu hu Tumi Qsuq epf djieqis, og zuas neloph nusi vjep vjev vjip hu Mvf dunqepz tu vji vey sevi xomm upmz ci 20%. Vjip zua jewi vu veli zuas iespoph uav et fowofipft us xehit xjeviwis ot citv gus vji vey.

 

[Dread]

Op siqmz vu vegz't qutv, O'f emxezt efwoti eheoptv huoph Tumi Vsefis, zua esi qistupemmz moecmi gus iwiszvjoph zua fu, xjodj otpv e huuf qmedi vu ci. Ov emtu nelit ov nusi foggodamv vu liiq zuas catopitt epf qistupem iyqiptit tiqesevi.

Og zua tivaq e Mvf dunqepz, tqipf £10l vszoph vu neli vji catopitt xusl, vji cob sopht aq ep effovoupem £10l op ficvt vu taqqmoist, veyit, ivd epf zua vjip fidofi ovt puv xusloph, zua tjav vji dunqepz fuxp epf xeml exez. Og zua xisi e tumi vsefis, zua xuamf tvomm ci moecmi gus vjev £10l epf zuas qistupem dsifov xuamf ci lommif.

Emxezt tivaq e Mvf dunqepz, ov qsuvidvt zua, dutvt wisz movvmi epf upmz velit ecuav 30nop vu fu upmopi, epf zua'mm hiv zuas fudanipvt op juast. Ovt wisz tonqmi epf djieq epf zua'mm ci qsuvidvif.

 

[tafy]

Ziq Mvf dunqepz ot hsiev og ov emm cmuxt aq xovj muvt ug ficv, ov xomm dutv e duaqmi ug japfsif nusi qis zies gus vji edduapvepv cav ovt xusvj ov gus vji qistupem qsuvidvoup.

 

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[GlobalWealth]

Ucwouatmz O'n e cov coetif (O'n up vji uggtjusi catopitt), cav og zuas catopitt jet pu qjztodem duppidvoup vu vji AL - pu uggodi, inqmuziit, ivd - vjip zua dep ietomz nuwi vji dunqepz uggtjusi epf tewi zuastimg e muv ug nupiz up vey, tonqmogz zuas siqusvoph, epf wosvaemmz imonopevi zuas moecomovz.