Choose how much you withdraw and pay personal tax on, claim business expenses, reduce tax and National Insurance with dividends.
Your personal assets are not at risk in the event of failure of the business.
As the director/owner, you are the decision maker for your business and its finances.
Gain access to the many customers who will not engage with sole traders or other non-limited businesses.
Running a limited company involves more administration than being a sole trader, umbrella worker or employee.
As the director of a limited company, you have legal and statutory obligations such as filing your accounts and paying your taxes on time.
In general, your accountancy costs are higher and the penalties for getting things wrong are tougher.
If you are operating outside of IR35, you may be legally obliged to demonstrate that you are not working as a disguised employee.