Limited Company Formations

Limited Company Formations

Types of formations are limited liability (includes Special Purpose Vehicles), limited by guarantee, limited liability partnership and Community Interest Companies.

There are many reasons why you may wish to trade through a limited company. These may be for tax reasons, legal reasons or you may want to give the impression to a would-be-customer that you are a bigger fish in a smaller pond.

In a family limited liability company, the directors, also normally the owners (shareholders), are not personally liable for the debts of their business or any claims made against the company (unless they have given a personal guarantee). With limited liability personal assets can remain in tact even if the business fails under a burden of debt, assuming there has been no wrong doing by the directors.

The company must keep its filing requirements up to date, which we will assist with taking theĀ pressure off you. Penalties for late filing are severe so let us keep your company up to date and free from penalties.