Do I need a limited company to start investing in property?!
Once upon a time in the olden days, many people were buying properties under their personal name. Until the rules changed and caused a big problem with the way the tax was calculated.
This caused people to start building portfolios within limited companies.
I myself prefer to do it this way, because of the ability to scale, big and build a team and be more tax efficient.
It is good to have one property in your personal name as it gives your tax advantages. If you want to build masses of cash flow, setting your business up will give you massive advantages.
As you will be working on these projects and in your business, you can make sure that all expenses associated with this are covered by your business.
And, to be able to reinvest into your business for aggressive growth is another fantastic move.
Search answers the question. Do you need to set a company up? Well, do you want to or not?
I do and I did. I have done it many times and I have reaped the benefits and rewards.
But the ultimate answer is it is up to you.
Do you want to focus on what you do want in life versus what you don't want?
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