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Limited company contractors typically take a very minimum amount of salary or you can say minimizing PAYE and NIC liabilities where, you can withdraw the remainder of their income in the form of dividends and personal liability as a director will be limited, if things will go wrong. Benefits of a limited company: – In limited companies’ personal liability of directors is limited, that means director’s personal assets are different from the assets in the business. This is the main benefit of having limited company. In limited companies all things…

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