Financial Advisors and Solicitors
This is the penultimate article in this series which we hope you have found informative.
Solicitors are not allowed to incorporate and accordingly must continue to trade as Sole Traders or Partnerships. While most solicitors accept that Limited Liability should not be available for professional services many feel it is unfair that they cannot avail of the various other Taxation, Commercial & Legal advantages of incorporation.
Financial Advisors (mortgages, pensions, etc.) may incorporate and avail of the various advantages that entails – however, some may consider Sole Trader status as a better option as they cannot avail of audit exemption or file abridged accounts with CRO if operating through a Limited Company.
Tomorrow will be our final article on this topic.
This series of articles are for illustrative purposes only and do not constitute professional advice. To get in touch please e-mail [email protected]