Going self-employed as a sole trader, or setting up your own limited company are the two most popular ways to start up a new business. However, there are significant differences between these two types of business structure which you can compare here.
Limited Company Guides
How to set up and run a limited company. From incorporation to dealing with ongoing administration. Here are our most popular guides:
- Limited, Sole Trader, Partnership or LLP? – the main business structures.
- Set up a Company – the key steps in the incorporation process.
- Articles / Memorandum of Association – what these documents do.
- Company Naming – your name must abide by various rules and conventions.
- Types of Limited Company – not all are private limited companies.
- Registered Office Address – every limited company must have one.
- Certificate of Incorporation – when is it, and what information does it contain?
- Ltd Company Advantages – How being limited compares to other structures.
- Share Capital – how different types of shares can be issued.
- Limited Liability – what does this term mean in practice for directors?
- Company Directors – who can become a company director?
- Limited vs Self Employed – we compare the key features of each structure.
Pre-emptive rights, also known as rights of pre-emption, means that the current shareholders in a company should always have first refusal on any new shares being issued, whether this arises through the transfer, allotment, or transmission of shares.
After sole trader status, the limited company is the most popular business structure in the UK. Here we look at how many there are on the official register, and how the number of incorporated businesses have grown massively over the past decade.
A statement of capital is an official form which gives details of a company’s issued shares and their status at a specific date. It’s part of the documentation that has to be completed during the company incorporation process.