Limited Company Formations

There are many reasons why you may wish to operate 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're a bigger fish in a smaller pond.

All companies must have a company secretary and a director. For more information, use our links page and click on "Directors and secretary's responsibilities".

In a family limited 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 the pressure off you. Because of this requirement, it is possible for anybody to purchase copies of this information before trading with the company.