UK Business Formation & Setup

Creating a UK limited company involves several steps, including choosing a company name, registering with Companies House, and establishing a company constitution. FeedbackFans.com takes the pain out of this setting up by managing the process for you.

Limited Liability

One of the main benefits of being a UK limited company is limited liability. As a limited company, the liability of the company’s owners (called shareholders) is limited to the amount of money they have invested in the company. This means that if the company incurs debts or is sued, the shareholders will not be personally liable for the debts or damages. This provides protection for the shareholders’ personal assets and can give them peace of mind.

Dedicated Business Finance

As a limited company, you can separate your personal and business finances, which can make it easier to manage your business finances and keep your personal assets protected. This can be especially important for small business owners who may not have the resources to hire a financial manager.

Potential Tax Benefits

Another benefit of being a UK limited company is the potential for tax benefits. Limited companies are taxed differently than sole traders and partnerships, and they may be eligible for certain tax deductions and credits. For example, limited companies can claim a tax credit for research and development activities, and they may be able to claim tax relief on certain business expenses.

Professional Image

Being a limited company can also give your business a professional image and can make it easier to attract customers and partners. Limited companies are perceived as more established and reliable than sole traders or partnerships, and they may be taken more seriously by potential clients and partners. This can be especially important for businesses that are seeking to grow and expand.

Frequently Asked Questions about UK Limited (ltd) Company Formation & Setup