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.
In the UK, there are four main types of limited liability companies: Private limited companies limited by shares, private limited companies limited by guarantee, private unlimited companies, and public limited companies. Sole trader and general partnerships aren’t companies as such as neither is a legal entity. Another business structure is a limited liability partnership, which
The Companies Act 2006 is a complex piece of legislation that took eight years of lengthy consultation before agreement could be reached on the final provisions. The new Act, which became law in October 2009 and contains more than 1,300 sections, replaces the 1985 Act. It aims to modernise company law, simplify legislation, enhance the
In order to get a business off the ground, it’s vital to have some cash to get the enterprise going and give it some momentum. That’s where shareholders come in: by paying cash up front in return for a portion of ownership, they hope for a future higher value of the shares they now own.
If you’re starting up a business for the first time, you can choose which business structure most suits your needs. A limited company offers liability protection for its directors and is usually most tax efficient route to take. Here we look at the advantages (and disadvantages) offered by incorporating.
A limited liability partnership (LLP) is a business model that shares some characteristics with both a limited company and a regular partnership while possessing unique features of its own. In terms of company structures, LLPs are relatively new in the UK and were first introduced in 2000 by the Partnership Act. So, what type of
Sole traders are simply people who are self-employed. Whatever your industry, anyone can become self-employed and run a business without a team and as a single individual.
If you want to start a business in the UK, you will typically work as a sole trader, as an unincorporated partnership, via your own limited company, or via a limited liability partnership (LLP).