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Limited Company

Setting up a limited company is an exciting step for many new businesses, but the process can feel complicated if you’ve never done it before.

This section contains practical guides covering company formation, tax rules, director responsibilities and how to run a limited company properly.

For a much deeper collection of guides and tools, visit our specialist resource: Limited Company Help.

Set up a company

  • Set up a limited company
  • What is Companies House?
  • Articles & Memorandum of Association
  • Companies House rule changes explained
  • Advantages of a limited company
  • Limited company expenses
  • IR35 rules explained

Company tax & accounts

  • Limited company taxes explained
  • Corporation tax explained
  • Set up and run your company payroll
  • Confirmation statement & PSC register
  • Annual accounts explained
  • Best salary & dividend split
  • How dividends are taxed
  • Tax-efficient ways to pay yourself

More company guides

  • Shareholders’ agreement explained
  • How to choose a limited company accountant
  • Directors vs shareholders explained
  • Director responsibilities and duties
  • Limited company vs sole trader
  • Income protection for company directors
  • Life insurance for company directors
professional indemnity insurance ltd company

Professional Indemnity Insurance for limited company directors

May 9, 2025
Need Professional Indemnity Insurance for your limited company? Learn what PI cover protects, how much to get, and how to choose the right policy.
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limited company shareholders agreement

Why your limited company should have a Shareholders’ Agreement

April 20, 2025
This guide explains what a Shareholder's Agreement does, who should get one, and what should be included in the document.
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employment allowance what is it

Can your business claim the £10,500 Employment Allowance?

April 2, 2025
If you have employees, your business may be eligible to offset up to £10,500 of employers' NICs each year, thanks to the Employment Allowance.
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income protection through your limited company

Do limited company directors need income protection insurance?

March 14, 2025
An executive income protection policy can provide peace of mind, as well as tax efficiency, as the premiums can typically be funded by your limited company.
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ir35 off payroll

What is IR35? – Guide for UK limited company owners and contractors

February 5, 2025
IR35 explained for limited company contractors. Find out how the rules work, what the off-payroll reforms mean, and how to stay compliant and tax-efficient.
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umbrella company explained

Umbrella companies explained – pros, cons and what to watch out for

January 11, 2025
Learn how umbrella companies work, the pros and cons, and what to look for when choosing a provider. A practical guide for contractors and freelancers.
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what tax do limited companies pay

Understanding limited company taxes: what you need to know

December 11, 2024
If you’re setting up or running a limited company, it’s important to understand your tax responsibilities as a company director.
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trivial benefits limited company

Trivial benefits – how to provide tax-free gifts to your employees

December 6, 2024
Trivial benefits are small perks provided by employers to employees that are exempt from tax and NI, provided certain conditions are met.
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party expenses 150 limited company

£150 per head Christmas party expense exemption for limited companies

December 6, 2024
If you’re thinking of holding a party for your company this year – you may be able to enjoy Corporation Tax relief on your expenditure.
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shareholders directors

Do directors also have to be shareholders in a limited company?

October 14, 2024
We explain whether directors must also be shareholders (or vice versa) and the differences between these two crucial roles in a company limited by shares.
Read More

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