Company Formation

If you're looking for a UK Company Formation service we recommend using Simple Formations. Straight forward advice and no hidden fees.

Limited Companies
 

Some business start ups choose to form a limited company as the business vehicle for their venture.

A limited company is a separate legal entity and as such a limited company can
buy, sell, lease and rent
own property
employ people
enter into contracts
sue in the courts
be sued
A private company may be limited by shares or by guarantee (a commitment to contribute a given sum if the company is wound up).

One of the main reasons that people choose a limited company is for protection. The very name ‘limited company’ refers to the fact that potential liabilities for the owners are limited. As a sole trader the individual is personally responsible for all of the acts and omissions made whilst operating the business. With a limited company it is the actual company itself that is liable, not the directors or owners. The company is deemd to be a 'legal person'.

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Online business forms
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