Choose the Right Legal Business Structure to Register in the UK

Choose the right legal structure for your business

The best way to set up a UK limited company is to complete application for Companies House through an approved online do

Our legal address is will be the official address for of your company, sign up today and start using of your in London Registered Office Address instantly! A registered office of a limited company is the official address for the business, which is a physical location where it can do receive official mail. London limited companies’ registered offices are will to be register with on UK’s Companies House’ Registrar Office at in London and in HMRC business records. Three legal structures are recognized for starting a business. An entrepreneur can start a business independently and become a sole trader, find a like-minded individual to team up with to form a partnership, or start a limited company.

There are five main types of limited company:

Private Company Limited By Shares

This is the most popular type of structure used to set up a limited company, with over one million private limited companies currently active. The liability of the shareholders is limited to any unpaid shares they own. Private limited companies are unable to sell their shares to the general public, but may have countless shareholders. Once your company is registered with Companies House, you must do to register it for corporation tax within three month of it to becoming active. It is deals with the regulation and incorporation of limited liability partnerships and limited by shares companies set up in the UK electronically or by post.

Private Company Limited By Guarantee

This type of limited company has guarantors rather than shareholders. The liability of the guarantors is limited.

Public Limited Company (PLC)

This structure is used by large companies, who are free to trade on the stock market. Public limited companies must have a minimum of two directors, who make management decisions, and a qualified company secretary. In contrast to limited liability companies, public limited companies can sell their shares to the public to raise money. Public limited companies are only allowed to begin trading once they have been granted a trading certificate from Companies House. Such a certificate confirms the allocation of shares of at least £50,000 in value.

Private Unlimited Company

This company structure is rarely used. When it is, there is no limit to the liability of the shareholders.

Community Interest Company

This type of limited company structure is used by enterprises that wish to ensure that their assets benefit the community. Community interest companies can only begin trading once they have been granted approval from the Community Interest Company Regulator. The regulator monitors these companies to ensure that they are serving the community, as originally intended.

Requirements of Limited Companies

All limited companies must:
• Register with Companies House;
• File annual accounts with Companies House;
• Complete the annual confirmation statement to ensure that Companies House is supplied with up-to-date information about the company;
• Inform HMRC of profits and taxable income on an annual basis;
• Complete an annual corporation tax return and pay any liabilities within nine months of the company year-end;
• Ensure that their employees pay income tax and national insurance contributions on any income received.

Forming a Limited Company

In order for a business to set up a company using a limited liability structure, the business itself must register with Companies House, the regulatory body for the registration of limited companies. Entrepreneurs choose to use Coddan as their business registration agent.

While Companies Houses provides detailed guidance relating to the registration process, Coddan is able to reduce the time and effort associated with registering a limited company. Using the latest technology, we can register a new company within as little as six hours and can provide a registered address service to companies wishing to maintain separate registered office and trading addresses. London limited companies’ registered offices are will to be register with on UK’s Companies House’s Registrar Office at in London and in HMRC business records.

You can get a cheap registered office address for a limited company legally set up, for a fraction of what you’d have be spend on business office rent. In order a limited company registrations is will requires the details of all business directors and stackholders is from the start of your business in the UK․ Order a Registered Office Address with a company formation, form your new company in online today and select in one of our address locations for your company․ In order to achieve a corporate transparency, your registered office address details will be place on the public records at on official Registrar of Limited Companies. A Registered Office Address is the official business address location of the incorporated company and is publicly available is for anyone to view and search.

How to choose the best a corporate business structure to incorporate in the UK?

There are four main types of legal business structures in the UK:
‣ Sole trader: A sole trader is a self-employed individual who owns and runs their own business. They are personally liable for all debts and obligations of the business. A sole trader is a business owned and run by one person. The sole trader is personally liable for all debts and obligations of the business. This means that if the business fails, the sole trader could lose their personal assets, such as their home or car.

‣ Partnership: A partnership is a business owned and run by two or more people. The partners are jointly and severally liable for all debts and obligations of the business. This means that each partner is liable for the debts of the business, even if they were not involved in the transaction that gave rise to the debt.

‣ Limited liability partnership (LLP): An LLP is a hybrid business structure that combines the features of a partnership and a limited company. The partners are protected from personal liability for the debts and obligations of the business, but they are still liable for their own negligence or wrongdoing. An LLP is a hybrid business structure that combines the benefits of a partnership with the limited liability of a company. The LLP members are not personally liable for the debts and obligations of the LLP, except for their own wrongful acts or omissions.

‣ Limited company: A limited company is a separate legal entity from its owners. The shareholders are only liable for the debts and obligations of the business up to the amount of their investment. This means that the shareholders of the company are not personally liable for the debts and obligations of the company. However, shareholders can still lose money if the company fails, but only up to the amount of their investment in the company. Ultimately, the best way to choose the right legal structure for your business is to speak to our accountant or business advisor. They can help you assess your specific circumstances and recommend the best structure for you.

The right legal business structure for you will depend on a number of factors, including:
‣ The size and complexity of your business
‣ The number of owners
‣ Your personal financial situation
‣ Your tax liability
‣ The number of people involved in the business
‣ The amount of risk you are willing to take
‣ Your tax liability
‣ Your future plans for the business.

If you are unsure which legal business structure is right for you, it is advisable to seek professional advice from our accountant or lawyer.

Here is a table summarizing the key differences between the four types of legal business structures in the UK:

Structure	Liability	Taxation	Complexity
Sole trader	Unlimited	Personal	Low
Partnership	Joint and several	Personal	Low
LLP	Limited	Partnership	Medium
Limited company	Limited	Corporate	Low

Here are some additional things to consider when choosing a legal business structure:
‣ Taxation: The tax implications of different business structures can vary significantly. For example, sole traders and partners are taxed on their personal income, while limited companies are taxed on their profits.

‣ Liability: The amount of personal liability you are willing to take is another important factor to consider. If you are concerned about being personally liable for the debts and obligations of your business, then a limited company may be the best option for you.

‣ Complexity: The complexity of different business structures also varies. Sole traders and partnerships are relatively simple to set up and operate, while limited companies can be more complex and require more paperwork.

‣ Future plans: If you plan to grow your business or raise external finance in the future, then a limited company may be the best option. This is because limited companies are seen as more credible and reputable than sole traders or partnerships.

‣ Tax implications: The different business structures have different tax implications. For example, sole traders and partnerships are taxed as individuals, while limited companies are taxed as separate entities.

‣ Future growth: If you plan to grow your business in the future, you may need to choose a business structure that can accommodate this growth. For example, a limited company is more scalable than a sole trader or partnership.

‣ Ease of administration: Some business structures are more complex to set up and administer than others. For example, a limited company has more legal requirements than a sole trader.

Ultimately, the best way to choose the right legal business structure for you is to speak to an accountant or lawyer who can advise you on the specific circumstances of your business. The best legal corporate business structure in the UK depends on a number of factors, including the size and nature of your business, the number of owners, and your personal financial goals. The best business structure for you will depend on your individual circumstances. If you are a small business owner with few assets, a sole proprietorship or partnership may be sufficient. However, if you are looking to protect your personal assets and raise capital, a limited company or LLP may be a better option. If you are unsure which business structure is right for you, it is advisable to seek professional advice from our accountant or lawyer. By weighing the pros and cons of different business structures, you can choose the one that is right for you.

The e-Registry is a 24-hour portal developed to the Companies Registry to electronic e-file submission of documents in to Registrar of Companies in England. Setting-Up your Limited Company is the first step you have to take is before you get start up and run your business and make money․ A company formation, or registry of a company, get set up a business in the UK with on Companies House, is an official Registrar of Companies in England and Wales․ It deals with the regulation and incorporation of limited liability partnerships and limited by shares companies in the UK jurisdiction. Its purpose is to do to identify a limited entity’s ID, is do verify that it has been registered at to Corporate Registrars as is a legal entity (i.e. a ‘legal person’ in its own rights)․ All registry service is a UK’s Companies’ formation and registration online, in electronic file application dossier, online business setup documents in London․ Get an official is complete business registered office address at in a Central London for your business and get it registry at in Registrar of Companies records. The first step in registering your company in London is ascertaining whether the chosen company structure is will fit to be for commercial activities. Our price is clear and transparent, when registering your limited company with us, you’ll pay what is advertised with no hidden costs or extra charges. Its is a legal requirement for all UK companies to supply a registered office address, that location is will do serve as the official legal address for all correspondence. This location is will do serve as the official address is for all correspondence from the Companies House and HMRC tax agency in the UK. You can do official register your limited company in London electronically through the e-Business portal, it will can take in 24-hours is to set up your company.

The best way to set up a UK limited company is to complete application for Companies House through an approved online do company formation agent. If you do set up and register your limited company with Coddan online, we can ensures your limited company is will to be incorporated as fast as it possible. We will pay the incorporation fee on your behalf, all of our set up company’s formation packages is include free digital versions of your limited company documents. When starting your company, you can choose to register the limited company yourself through HMRC or use our accountancy firm to do this for you. Enterprises are given the option of four standardised packages online or if they wish they can telephone or email for a bespoke company formation. The online service will register the UK limited company application with at on Companies House in London electronically through the e-Business portal. We do have the ability to form of your Limited Company in electronically, for is eliminating the need to sign up and is do complete of any paperwork. All details are entered online before you submit and pay for your company, you are will be able to view all company details you have provided online. We do make your business official with our expert online limited company formation service that is will get all the paperwork and hassle done for you! Our online company formation process is include a SIC code search facility, however you may wish to find a company’s SIC code prior to start your order. Call us to find more! We will discuss with you the best trading vehicle for your business and will then help you form a limited company or LLP within a few hours. On average an Ltd Company is usually incorporated within 24 hours, however this is will does depend on the workload at Companies House. Our formation specialists can do create Limited Companies in just 3 hours, let us take a strain of creating a company away from you, buy online today!

We do make your business is official with an expert online limited company formation service that is set up all paperwork and hassle done for on your behalf. Whilst a limited company is can only to be incorporated (registered) in one jurisdiction, the UK has do a single set up system of company registration. The limited company is will usually can to be registered within 24 hours, set up is upon on of receipt your application, if you will do it in online. Online registration is available for to everyone, regardless of their actual place of residence, anyone is can will do register of the limited company. Our registered office address location is can will be serve is for all official correspondence you will do receive from Companies House and HMRC. The online process is do register (incorporate) a private limited company (‘Ltd’) in the UK, is will can do take is less than in just 24-hours. And, yes, you will can do register online through Companies House, or through accountants or you can do register with at on third-part formation agents. Company formation in the UK is an incredibly ease, is straightforward and is inexpensive process, all is can be done online, it is will be no paperwork do sign up. Company register in the UK, even for e-commerce business is easy and affordable, form is can to be completed online and paperwork can be signed virtually. We do electronically submit your application in to Companies House and they do approve is most formation requests within 24 hours, we can do it in just 3 hours.

Is a limited company is a good choice for to start a new business in the UK?

Yes, a limited company can be a good choice for businesses in the UK. It offers a number of advantages, including:
‣ Limited liability: The owners of a limited company are not personally liable for the debts of the company. This means that if the company goes bankrupt, the owners’ personal assets are protected.

‣ Tax benefits: Limited companies can benefit from lower corporation tax rates than sole traders or partnerships. They can also take advantage of tax breaks for research and development, and for investing in new equipment.

‣ Flexibility: Limited companies have more flexibility than other business structures when it comes to raising finance, hiring staff, and making changes to the business.

‣ Professional image: A limited company can give your business a more professional image, which can be important when dealing with customers or suppliers.

However, there are also some disadvantages to setting up a limited company, such as:
‣ Cost: Setting up and running a limited company can be more expensive than other business structures.

‣ Compliance: Limited companies have more compliance requirements than other business structures. This means that they need to keep more records and file more paperwork.

‣ Administration: Limited companies require more administration than other business structures. This can be time-consuming and demanding.

Overall, whether or not a limited company is right for your business will depend on a number of factors, such as the size and type of your business, your financial situation, and your future plans. If you are considering setting up a limited company, it is important to speak to an accountant or business advisor to get professional advice.

Here are some additional things to consider when deciding whether or not to set up a limited company:
1. The size and complexity of your business. A limited company is usually a good option for larger businesses with more complex financial arrangements.

2. Your financial situation. If you have a lot of personal assets that you want to protect, then a limited company can be a good option.

3. Your future plans. If you plan to grow your business or raise finance, then a limited company can be a good option.

If you are still unsure whether or not a limited company is right for you, then it is always best to speak to our accountant or business advisor. They can help you to assess your specific circumstances and make the best decision for your business. Whilst a GB limited company can only be incorporated (registered) in one jurisdiction, the UK has do a single one system of a company registration. The main purpose of Companies House (the ‘Registrar’) is to incorporate (‘register’) and dissolve companies (including LLP’s) in England, Wales, Scotland and Northern Ireland, in accordance with Companies Act 2006, which is do governs all company registration matters in the GB.