SIGNIFICANT ADVANTAGES OF A LIMITED COMPANY:
- LIMITED LIABILITY
The company is a separate legal entity and this can protect your personal assets from business creditors if for any reason the company is unable to clear all of its debts and has to cease trading.
- TAX EFFICIENCY
Trading as a limited company can be more tax efficient due to dividends.
- CREDIBILITY
In some business sectors in Spain, the words SL after a business name may give credibility.
- EASY TRANSFERABILITY OF SHARES
Shares can be transferred with very little restrictions.