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Understanding Incorporation: Advantages, Disadvantages, and Key Considerations

This guide by KTS Owens Thomas outlines the process of incorporation, detailing its advantages and disadvantages. Key aspects include limited liability, legal structure, public credibility, and directors' responsibilities. We also shed light on taxation factors and other considerations like VAT, Real Time Information (RTI), and auto-enrolment. KTS Owens Thomas is a leading accountancy firm in Wales, dedicated to providing expert advice and support throughout the incorporation process. For further inquiries, contact Jonathan Rees, Senior Manager.

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Understanding Incorporation: Advantages, Disadvantages, and Key Considerations

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  1. Gwent ConstructionTraining Group17 September 2013

  2. Contents KTS Owens Thomas – Introduction Incorporation – Advantages & Disadvantages Incorporation – Factsheet Other Considerations Questions Contact Information

  3. KTS Owens Thomas • Three Dimensional Accountants • Who we are • One of Wales’ leading firms of Accountants • Offices in Cardiff, Aberdare and Swansea • Employ over 60 members of staff • Member firm of DFK International

  4. KTS Owens Thomas Three Dimensional Accountants What we do

  5. Incorporation Advantages Disadvantages Limited Liability Administration Formal Legal Structure Accounts Publically Available Credibility Directors’ Responsibilities Taxation * Taxation * * See Incorporation Factsheet

  6. Other Considerations VAT Real Time Information (RTI) Auto-Enrolment

  7. Questions

  8. Contact Details Jonathan Rees Senior Manager Direct: 01685 872130 Mobile: 07519 655901 E-mail: jonathanr@ktsowensthomas.com

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