Revoy & Jones Limited Company Formations - site search

What is a Limited Company?

A limited company is an individual legal entity which is separate from that of its officers. A limited company has its own assets, liabilities, profits and losses where the liabilities are limited to the Company unlike a sole trader or partnership where the assets and liabilities of the business are that of the individuals. Limited companies must also submit annual accounts to Companies House these are made available to the general public.

What are the advantages of trading as a limited company?

Perhaps the most attractive benefit of trading as a limited company is the aspect of limited liability, essentially this protects the personal assets of the officers should the company run into financial difficulties. Many of the costs and administrative requirements associated with running a limited company are now not much more than those of a sole trader or partnership. Limited companies instil added confidence in suppliers and creditors, many large organisations will only do business with limited companies. Finally the ownership of a limited company can easily be divided up through the sale of shares these can be further used as a means of generating capital.

What will I need to set up a limited company?

Here is a list of what you will need to set up a limited company using the Company Incorporation Wizard

A Company Name

It is possible to register almost any name providing it hasn't been previously registered by another company.

One Director

An individual who will act as director for the company (The director cannot also be the secretary!).

One Secretary

An individual who will act as a secretary for the company.

One Shareholder

At least one person willing to buy a single £1 share in the company.

(A share holder can also be a director or secretary).

Simply select

the Package

you require