Am I right in thinking...
In essence, being a limited company, a separate legal entity, assuming it is owner managed, the owners (directors) are not able to just withdraw cash as they please from the company so in effect a directors loan account will replace the standard drawings account you would typically see for a sole trader?
In essence, being a limited company, a separate legal entity, assuming it is owner managed, the owners (directors) are not able to just withdraw cash as they please from the company so in effect a directors loan account will replace the standard drawings account you would typically see for a sole trader?