Types of formations are limited liability, 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.
Since the Companies Act 2006 a company can be formed without a company secretary. For more information, use our links page and click on "Companies House".
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, which takes the pressure off you. Penalties for late filing are severe so let us keep your company up to date and free from penalties.