A limited company means having “limited liability”. The most important reason for forming a limited company is that it can help protect you from risks to your home and other assets because your liability is limited.
There are also other benefits to becoming a limited company, including protection for your trading name (provided it does not breach an existing trademark registration), the credibility of having limited company status, and you may also be eligible for tax relief, subject to certain conditions (for more information, contact a qualified accountant).
