The legal liability begins and ends with the company. Trading through the company is a safer way to trade as the owners are only responsible for its debts only to the extent of the amount of capital they invested. If anything should go wrong, owner’s personal assets are protected.

If you set up a limited company and you are a director, you will have obligations such as choosing a registered and trading address, having particular roles and responsibilities, filing accounts at Companies House, setting up a business bank account, regulatory compliance, etc.
If you set up a limited company, then your business will need a unique name as there can only ever be one active UK limited company with a particular name. We can register your business name at Companies House. Once registered, your company name is protected and another limited company cannot use the same name.

It is a simple structure where an individual runs own business. You are taxed as an individual but have minimal set up and accounting duties. You are personally liable for any business debts.

This involves going into business with one other person or others, in which the debts and the assets of the company are all jointly owned. Each partner still files a separate tax return. Everything between the partners is equal, unless stated otherwise in a legal agreement.

A partnership with limited liability for the (minimum 2) partners, which means liability doesn’t extend to their personal finances. This company type has to be incorporated at the Companies House, therefore the information is in the public domain.

Setting up and administering funds.

Suited to the needs of private equity funds and their managers and investors.

Businesses that help communities e.g charities.