Limited Company Formation
Limited company formation is much simpler to carry out than it was several years ago. Instead of having to fill out several documents, send them to the relevant parties and wait for Companies House to approve the formation, the process can be carried out online in a matter of hours.
Businesses must register with Companies House and provide information about their organisation in order to register as a limited company. Accountants are able to complete the necessary forms and correspond with Companies House whilst you focus on other areas of your business.
The benefits of limited company formation
Having a limited company offers several benefits. Three of the main benefits include:
The company has a separate legal identity
Limited companies have their own identity in the eyes of the law. This means that the business is separate from its directors and shareholders and has its own tax responsibilities and accounts. Having a separate legal identity enables directors to control all elements of their business without having as many financial responsibilities.
Tax benefits
There are a variety of tax allowances that can be utilised by limited companies and will reduce tax liability. Because of our current knowledge of the accounting, finance and tax industry, our team have access to these allowances and will ensure that your organisation pays the least amount of tax possible.
Credibility
Another benefit of forming a limited company is that many consumers deem your business as more credible. This is because of the professional impression that a limited company creates and it often builds a level of trust between the organisation and its clients.
Our limited company formation service
Although some people choose to register their business as a limited company without professional assistance, using an accountant can save you valuable time whilst ensuring that the formation is carried out correctly.
We have a skilled and experienced team of accountants that can incorporate your business with ease. Our team is committed to delivering exceptional services and utilise their knowledge of the industry to help you create your limited company.
Company structure advice
The structure of your business determines which tax allowances are available to you. Sometimes, becoming a limited company isn’t always the best option for your organisation. If this is the case and you are unsure on which company structure would be most suited to your business, our team are able to offer expert advice.
One of our accountants will discuss other company structure options with you and will advise you on the structure that we believe is the most suitable for your business.
Contact our team to find out more
If you would like to find out more about our limited company formation service or if you have some questions that you would like to ask a member of our team, please feel free to contact us today.
Email us at [email protected] and we’ll happily answer any questions you may have and provide you with further information about the limited company packages we have available.