Limited Companies are a way of running business completely separated from your own personal finance.

This of course gives an individual added protection (from creditors etc) but adds costs and hassle to running a business.

They can be a very efficient way of running a business however

Tax is paid by working Directors on their wages each month and to Shareholders up to three months after dividends have been paid out by the company.

The Company pays tax on its profits nine months after the end of its financial year end