As part of Noble and Lee Limited services we offer our clients assistance with Company Formation/Incorporation and also handle the filing of Annual Returns.

Forming a company on the Ministry of Economic Development Companies Office Website is fast, easy, professional and relatively inexpensive. Every company must have at least one director, one shareholder, one share and a physical address.

A number of reasons why people choose to incorporate a company are limited liability, marketplace credibility, ease of continuity, registration, capping tax at 30c/$, Protection of Company name and Control by Shareholders. The main advantages revolve around the company being a separate legal entity from its shareholders. This also means it is a separate business risk to shareholders and separate from their personal assets.

Some disadvantages of incorporating a company are; depending on profit levels in first year, you may have to start paying income tax earlier than other businesses, additional compliance costs, one tax rate (33c/$), company does not protect you from personal liability as a director.

If you would like to form a Company or would like more information please contact us.