The majority of companies formed in the UK are companies limited by shares – also known as private limited companies. They are used to conduct normal commercial business with the purpose of the owners (shareholders) making a profit while providing limited liability protection should the company encounter any financial problems.
Having a limited company can also be tax beneficial depending on your level of earnings and in most business and industries having a limited company helps provide a more professional and corporate image.
Another advantage is that because a limited company is a distinct entity from its owners it is usually
easier for a company to secure business finance compared to most sole trade counterparts.
We can help you purchase your company and set it up correctly with the appropriate financial and tax advice bespoke to your business.