A limited company is a company in which the liability of the members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by shares or by guarantee. And the former of these, a limited company limited by shares, may be further divided into public companies and private companies. Who may become a member of a private limited company is restricted by law and by the company’s rules.
Before you start operating your business as a limited company, it has to be registered with the Registrar of Companies at Companies House. For registration please click on the link ‘Online Company formation’. Incorporation is the process by which a new or existing business is formed as a company.
Company can be incorporated by yourself, but you should definitely seek a professional advice before you do so to ensure that incorporation is right for you and Taxaccolega can advice you for FREE.