The changing tides of managing personal income through a small limited company.

solidpro

So it wouldn't be advantagous to transition a limited company with only two directors as it's employees to an LLP, retaining much of the status, limited liability of a Ltd company but being more tax efficient?

MeteredOut

solidpro said:

So it wouldn't be advantagous to transition a limited company with only two directors as it's employees to an LLP, retaining much of the status, limited liability of a Ltd company but being more tax efficient?

Many personal service companies will find that their current client(s) will not engage with an entity other than a Ltd company.