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LIMITED COMPANY vs PARTNERSHIP Choosing the wrong structure can quietly cost you thousands in unnecessary tax. Here’s the simple truth: A limited company usually gives more tax efficiency and planning flexibility. Why? Lower corporation tax, smarter salary/dividend planning, and the ability to retain profits inside the business. A partnership is simpler, but partners pay income tax and National Insurance on all profits each year, even if the money stays in the business. Less flexibility. Fewer p
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