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What to consider when going through the process of a company formation?

The decision to form a limited liability company should be taken if there is enough scope in doing so, that is, the benefits of operating a company outweigh its costs. It could also be the case that a company would not be the most suitable vehicle to conduct your business.

Setting up a company is usually part of a process to achieve an objective and therefore one should consider a number of considerations to be assessed prior to taking this step such as the best structure required for tax planning purposes, the capital needed, the jurisdiction where the company should be set and so forth.