How to Set Up a Limited Company

Public Limited Company (PLC) or a Community Interest Company (CIC) Private Limited Company (Ltd): UK are the three types of them.The relevant structures of the two contractors are not - so we will focus on a limited company down.

Limited companies profit

The first important advantage that they are offering limited liability 'structures. This means that the company's shareholders are not liable for the loan it should fail.

Ltds in law an existence in itself - the registration is a bit like a birth registration! The company is responsible for your loan, your own bank account and you have applied for loans and finance.

Payroll and Paye system but employees (contractor) must be in place to pay. In general it is advisable for the company to an accounting firm to deal with this responsibility.

Requirements for Limited Companies

Owns a 1.00 pounds a share that is required can also be directors and shareholders require a minimum of shareholder - the shareholder is required. A limited company (a PLC) in place is no longer required for a company secretary.



- Certificate of incorporation: the company's birth certificate and makes the company as a legal entity.



Articles of Association which describes how the company will be run.

Who can set up a limited company?

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