Forming a company – as opposed to being a sole trader or joining a partnership – makes your business a separate legal entity and provides you and other shareholders with limited liability for the business’s debts.
Forming a company – as opposed to being a sole trader or joining a partnership – makes your business a separate legal entity and provides you and other shareholders with limited liability for the business’s debts.
Source: Ministry of Business, Innovation and Employment.
FURTHER READING:
On structures for your business and other entities