Making the decision to start a business is a big step in anyone’s life. If you have the skills and the determination, it could be the best decision you ever made.
The wealth you work so hard to build up belongs to the business, not you. If you take money out in the wrong way, you could find yourself liable for some rather costly tax penalties.
While we are all still recovering from the pandemic implications, it’s worth taking the chance to look at your business – and making sure it has the protection it needs.