UK Limited Company Formation – How To Get Started
There are a few options from which to choose for those setting up a business in the UK. Most common is the business structure of the sole trader. When utilizing this plan, personal finances and company finances are not kept separate. This is why limited liability companies are the next in line regarding popularity. What makes this type of company limited is because personal finances are not linked to those of the business. Plus, no responsibility is passed on to the shareholders of the business for any debts that it may encounter. Following is some information on how to set up a limited company.