Your portfolio of rental properties could be easier to manage through a limited company. Here are five reasons why getting incorporated makes good business sense.
When you first start out building a property portfolio, you may decide to purchase each property in your own name. While this keeps things simple, there are some distinct advantages to creating a limited company to own and manage your properties.
We’ve highlighted five reasons why you should consider setting up a limited company.
5 reasons to run your properties through a limited companyCreating a limited company and becoming a company director may sound like a big move. But, in reality, running a limited company can make managing your property portfolio a whole lot easier, as well as reducing liability and improving your tax position.
A limited company structure offers:
If you’re planning to expand your rental property portfolio, or want to maximise the efficiency of your existing portfolio, moving ownership to a limited company makes a lot of sense.
As your adviser, we can run you through the process of getting incorporated as a limited company and can connect you with experienced legal advisers, if necessary. We can also help with your tax planning to deliver the most tax-efficient outcome from your rental income.
Get in touch to talk about setting up a limited company and let’s find out how we can help on your property investment from here at The Stan Lee.
Muhammad Solaiman FCCA [also CILEX Practitioner (ACCA-Probate)] is a Chartered Certified Accountant and the founder partner at Stan Lee Accountancy Ltd (T/A: The Stan Lee), an ACCA registered…
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