Corporate Law
Limited Liability Companies
Setting up a limited company is one of the most popular ways to start up a business in the UK, offering tremendous advantages for an entrepreneur or an already running business. Be it forming a company alone or with a number of participants, a limited company in the UK, or LTD, can present a more appropriate framework for your business activities.
Advantages of Setting Up a Limited Company
Limited Liabilities: Financial liabilities and litigation are held strictly within the company ,
in that sense, do not affect personal properties.
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Insolvency Cover: No personal liabilities in case of the company going bankrupt, except in cases of exceptional circumstances.
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Easy to sell the shares or transfer ownership, as the Company is a separate legal entity.
Legal Autonomy: LTDs can sue or be sued, enter into contracts, and employ people on their own.
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Financial Control: Entitlement to sales proceeds, with freedom to retain earnings.
Your Checklist for Incorporating a Limited Company
A limited company may be incorporated within a very short span of time. For incorporation of your limited company, you must essentially need first four informations are as follow:
Unique Company Name
Registered Office Address
Shareholder Details
Directors Details
Embarking on how to incorporate a company in the UK involves several crucial steps:
Select a unique name for your company.
Prepare the necessary incorporation documents including shareholder and director details.
Acquire written consent from the proposed director(s).
Draft and finalize the company's articles of association and memorandum.
Submit your incorporation application to Companies House.
Await the issuance of the company’s certificate of incorporation.
Organize and document the inaugural board meeting.
Set up the necessary statutory registers.
Issue share certificates to your shareholders.
Plan for financial management and insurance needs post-establishment.
At CCS Law, we know how incorporation opening companies or drafting of the incorporation documents can get quite cumbersome. Our corporate service expertise ensures that the company formation process, especially in the limited company UK domain, is smooth and legally compliant. From how to set up a limited company to how to overcome all the obstacles of doing business in the UK, we can provide bespoke legal support each step of the way. CCS Law is here to help and support you throughout your LTD company's journey.
For more information or questions, please contact us.