Jennifer Adams explores where company owners might get useful short-term loans. The cheapest personal bank loan rates are double what they were 18 months ago, though this has stabilised recently. Currently, the best loan interest rate between £7,000 and £25,000 is 5.9%. However, there is a source of finance from which a director or participator […]
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Some advantages of a limited company include limited liability to protect your assets, the ability to establish a separate legal entity and potential access to funding options and tax advantages. These advantages can contribute to the credibility, stability, and growth potential of your company. It’s important to fully understand these benefits and their implications before
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Companies Limited by Guarantee (CLG) are private companies that do not have shares or shareholders but instead have members called ‘guarantors’. The members agree to contribute a certain amount (usually a nominal £1 – £10) to the company’s assets if the company is wound up and as such the main reason for a CLG is
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