Company Formation
Company Formation
One of the first steps in setting up your incorporated business is forming your company on Companies House.
Registering as a Limited Company gives you limited liability protection meaning that your personal assets are protected so there is significantly lower personal financial risk.
We have a wealth of experience in setting up companies, and we make it simple to register your company, providing all certificates and articles required.
There are three primary legal entities:
- Private Limited Company (“Limited” or “LTD”)
- Limited Liability Partnership (LLP)
- Company Limited by Guarantee
Private Limited Company (“Limited” or “LTD”)
This is the most common type of legal entity, and it’s main goal is to create limited liability for the business owner(s). Owner(s) will have limited financial liability meaning their personal assets are protected.
Limited Liability Partnership (LLP)
This is most popular for professionals and consultants who want flexibility, but also want limited financial liability again for protection of their financial assets. No corporation tax is due for LLP’s as tax is captured in the Partner’s Self-Assessment Tax Return.
Company Limited by Guarantee
Many non-profit organisations opt for this entity type. Personal finances are protected, and rather than having shareholders, these organisations have a guarantor.
