A Limited Company is an organisation that is set up to run a business. Unlike a Sole Trader/Partnership all of your businesses finances are kept separate to your personal finances. After payment of corporation tax, the profits are available to distribute to shareholders as dividends.
There are two types of Limited Companies:
Public Limited Company (PLC) – Shares can be bought and sold through a stock exchange.
Private Limited Company (LTD) – Cannot buy and sell shares through a stock exchange.
· When registering a Limited Company you must register the company name with Companies House. This business identity is unique to you and will be protected from other businesses trying to use the same name.
You have the option to offer company shares to your employees, which motivates them more and gives the chance to have a say in how the business is run.
Bookkeeping and accounting of a Limited Company is more complex as you are required to keep accurate records as you go along and to submit a range of data each year.
Private Limited Companies (Ltd) can’t trade their shares with the public as a way to boost capital.
Directors and Shareholders may not agree on how the business is run as well as new ideas.
Certain information on the company, its directors and shareholders is available in the public domain.
If you require support or information on how your business should be structured, we can assist you. For all these types of business we also offer many services including Annual Accounts, Companies House filing, TaxReturns, VAT Returns, PAYE & RTI filing, MTD filing and many other options.Our “Friends” page gives an indication of the type and size of client who we have dealt with for many years in Dawlish, Teignmouth and surrounding areas including Newton Abbot, Exeter and sometimes nationally.GET YOUR FEE QUOTE