Establishing a Limited Company (LTD) in the business world is a significant step for several reasons. An LTD offers limited liability, meaning that the personal assets of the company’s owners are protected if the business faces financial difficulties. This structure provides a clear separation between personal and business finances, which is crucial for managing risks. Additionally, an LTD can enhance credibility and professionalism, making it more attractive to investors, clients, and potential partners. It also offers tax advantages and greater opportunities for growth and expansion, as it can issue shares to raise capital. Overall, forming an LTD can provide a solid foundation for long-term success and stability in the competitive business landscape.
To set up a Limited Company (LTD) in the UK, you’ll need the following documents:
- Proof of ID: Valid government-issued ID with a photo for the company’s directors and shareholders.
- Proof of Address: Recent utility bill or bank statement for the directors and shareholders.
- Company Name: Ensure the chosen name is unique and not already in use.
- Company Address: Official address for the registered office.
- Business Activity: SIC code(s) that describe the nature of your business.
- Memorandum of Association: Document stating the company’s formation.
- Articles of Association: Rules governing the company’s internal management.
- Share Capital and Shareholder Details: Information about the company’s share structure and shareholders.
- Application for Registration: Form to register the company with Companies House
If You Need Please Click The Button Below and Fill The form