How to set up a limited company in the UK. From the incorporation process to ongoing tasks such as dealing with Companies House, and maintaining your company records.
Set up a limited company – options and costs
Setting up a private limited company is perhaps simpler than you may think. You can incorporate yourself, or use a professional to do this for you. Here we look at what you need to form a company, and how the process works.
How to write a business plan for your limited company
A business plan doesn’t have to be a hefty document and definitely shouldn’t be long-winded, especially if you’re trying to persuade your bank to fund your enterprise, attract new investors, or motivate staff.
How to take money out of a limited company
If you own a limited company, you (and any co-workers) generate income for the business. So, how can you take money out of the company legally, and tax-efficiently?
Can you search for limited company information online?
There are established resources available for you to use if you’d like to find information about a particular limited company online.
What does a limited company secretary do?
All limited companies in the UK must appoint at least one director during the incorporation process. Whilst no longer a mandatory appointment, a company may also decide to appoint a secretary to undertake a specific role in the business.
How many limited companies are there in the UK?
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.
Company directors – what is a ‘service address’?
For privacy reasons, company officers may opt to use a service address on the public record, but what does this mean, and how does it work in practice?
What a cashflow forecast is used for, including templates
A cashflow forecast will enable your company to predict its future financial health. By capturing expected expenditure alongside predicted sales, this tool can provide a guide to your company’s cash fluidity over the coming weeks or months.
Steps you must take when you hire your first employee
Here is a list of some of the main steps you should follow when hiring a member of staff for the very first time.
What types of limited company are there?
A limited company is a specific type of company registration that offers investors and managers protection from liabilities incurred by the business. This is known as an incorporated structure and means the company has its own identity, responsibilities and rights in law.
What is a Certificate of Incorporation?
After you have registered a new company in the UK, and your application has been processed and approved, Companies House will send you a formal certificate of incorporation.
20 questions to ask before you set up a new business
At LCH we’ve worked with dozens of other small businesses over the past 20 years. Here are our ten tips to consider before starting out on your own.