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Limitedcompanygate offers a full range of uk limited company accounts, limited company reports, annual accounts, company credit checks and limited company information.
1. How do I go about setting up a limited company?
When you decide, after taking some professional advice, that a limited company is the best thing for both you and your business, you can set-up a company within a matter of hours.
2. Do I really need a limited company?
The majority of businesses are not and the reasons for having one are varied. For example, it could be due to the ownership of property, obtaining investment funds, taxation or contractual relationships. Many businesses function satisfactorily as sole traders or partnerships, so taking professional advice is essential.
The key point to recognise is that a limited company is a separate entity. This means that the business is a legal entity in its own right. The limited company is separate from those who own or run it, and has 'limited liability'.
3. What does limited liability actually mean?
This provides the shareholders (owners) protection if the business fails. This means that if a limited company is put into liquidation, the people who own the business will only be required to pay what they have already paid or agreed to pay, towards settling its debts.
4. What should I do with an unwanted limited company?
If you decide that you do not need a limited company that you have set up, you should consider putting it into voluntary liquidation. If you cannot afford this, you may be able to apply for it to be struck off the register.