Limited company

From GameContractor

Jump to: navigation, search

A limited company is a separate legal entity from its owners. The liability of the shareholders for the company's debt is limited to their investment (hence the name.) This protection from liability is one of the major advantages of using a limited company as a contractor in the increasingly litigious games industry.

Responsibilities

Each year a limited company must:

The director is responsible for the above and also submitting an annual self-assessment tax return to HMRC.

Personal tools