Incorporating a company in the UK can be an exciting new beginning or a complex challenge.
Through our articles, we will share industry insights and practical advice to ensure you take a solid step forward in this process.
Whether you are a sole trader, a partnership, or a limited company, our assistance is applicable to your company establishment in the UK.
Types of Registered Companies
- Private Limited Company: These can be formed by a single individual who can be the sole shareholder and director, or by multiple shareholders and directors.
- Guarantee Limited Company: This structure is typically used for non-profit organizations such as clubs, charities, and social enterprises. These companies have guarantors instead of shareholders, with a guaranteed minimum amount (usually £1).
- Limited Liability Partnership: This structure is commonly adopted by professional organizations like accountants, engineers, and lawyers. A Limited Liability Partnership requires at least two partners.
Company Registration
When starting a new business, you have several options, with the most common being a sole trader or a limited company.
If you choose to operate as a limited company, you need to register with the Companies House.
A limited company protects your personal assets from the impact of debts incurred during business operations.
There are numerous advantages to conducting business through a limited company, with debt protection being a primary benefit.
Required Documentation
Typically, for registering a limited company, you need to prepare the following documents in advance to save time:
– Registered address
– Notify Companies House of your new company’s business activities and determine the Standard Industry Classification (SIC) code.
– Company representative information
– Shareholder details
– Persons with Significant Control (PSC) information
For a detailed checklist, you can consult our team, and we will do our utmost to support your business dreams.
