Accounting / October 25th 2017

How to extract funds from your company?

One of the many misconceptions of clients wishing to start a Limited company is the idea that the company’s funds are their funds. However, this is not the case. According to the law, a limited company is a separate legal entity. As a result, you cannot take out money from a limited company and claim it as your own without following certain procedures. The two main ways to extract funds fr…

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