The type of structure you use will depend on a number of factors unique to the business you want to start. In this article, we look at the main structures – sole trader, limited company, partnership and LLP and highlight the pros and cons of using each one.Read More »Which is best? – sole trader, limited company, partnership or LLP?
Setting up a limited company marks an exciting (and often daunting) milestone for any new business. The section provides step-by-step guides to walk you through the entire company formation process.
Learn the pros and cons of a limited company structure, including limited liability and tax efficiency. Understand director and secretary roles and responsibilities. Get tips on choosing a unique (and legal) name for your company.
Learn about articles of association, share allotments, director appointments, share certificates and statutory registers.
To find out more about setting up a company, try these popular guides:
For more in-depth guides, try Limited Company Help.
If you have set up in business via a limited company, there are a number of duties you will have – as well as legal and financial responsibilities – if you are a director of the company.
This article explains who can be appointed as a director, and what your duties will be if you are appointed to the role.
Read More »Responsibilities & duties of a limited company director
The role of a limited company secretary is essentially an administrative one, but can involve a number of important responsibilities depending on the wishes of the company’s directors.
Read More »What does a limited company secretary do?
When you form a new limited company, one of the three documents you need to provide is the Articles of Association.
Read More »Company Formation – what are the Articles of Association?
One of the first things all business owners have to do is to choose a good name for their enterprise. Unlike other decisions you may make along the way, your business name could be with you for quite some time, so it is worth spending time to get it right first time.
Read More »How to choose the right business name for your new enterprise
A limited company can have many classes of shares. These can be ordinary shares, preference shares and redeemable shares. The articles of association usually set out the rights of these shares while allowing the directors to issue shares with such rights and restrictions as determined by ordinary resolution.
Read More »What do I need to know about a Preference Share issue?
When you start a business with someone else, it’s always a good idea to lay down some rules on important issues, such as; how you will run the company, your respective responsibilities and what happens if someone wants to leave the business. Agreeing on how you will handle these, and other important matters, will save a lot of anguish down the line.
Read More »What is a Shareholders’ Agreement, and why your limited company should have one
If you are considering setting up your own limited company, the prospect of ‘dealing with the authorities’ may seem daunting. In reality, the company formation process is very simple – whether you apply yourself, or use a registration agent to set up the company on your behalf.
Read More »Company formation – what forms do you need to fill in?