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Limited by Shares Companies

A Limited (Ltd) company is the best choice of structure for most UK businesses. A Private Limited company (limited by shares) is a stand alone legal entity. Therefore, its profits, losses, assets and liabilities are its own. Consequently, the directors’ assets are protected if the business should fail i.e. they have limited liability.

The company is owned by its shareholders and is run by one or more directors. Its ‘Limited’ status provides credibility and confidence to customers and suppliers as your company details will be in the public domain for all to see on the Companies House database of companies.

Once your company is 'incorporated' its name will be protected as it is listed in Companies House register of companies. This will prevent anyone else from trading under that name.

The benefits of a Company Limited by Shares, include:

A Limited Company only needs one shareholder who can also be a director
The company secretary does not need to be a director
Limited Companies often have a higher marketing profile than other businesses
Limited Companies can be easier to sell than Sole Traders or Partnerships
Once formed, the company is an everlasting legal entity
New Shareholders and Investors can be introduced easily
The issue, transfer or sale of shares is straightforward
Lending to a limited company is easier than with other business structures
Approved company pension schemes provide better benefits
The appointment, retirement or removal of directors is straightforward
Employees can acquire shares

Financial Advantages:

A company with a turnover below £5.6 Million do not need an audit
Limited Companies pay Corporation tax on their taxable profits
Shareholder Directors can select a package of Low Salary and Higher Dividends
Shareholdings can be split between family members to spread dividends and reduce tax
Companies with profits below £300,000 pay tax at just 21%

SMART Company Formations will complete all the forms required to incorporate an LLP company, and these forms will be forwarded to you for signing.