Limited Liability Company

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We offer one of the most comprehensive and easy to use sources of Limited Liability Company reports available in the UK, specialising in providing online Limited Liability Company reports to small & medium sized businesses and individuals. We provide instantly online Limited Liability Company reports, Limited Liability Company accounts, annual accounts, companies house documents for limited companies, Limited Liability Company search, annual report, business credit checks, Limited Liability Company information, Limited Liability Company profile and company director reports.

1. How do I set up a Limited Liability Company?
If you decide, maybe after taking professional advice, that a Limited Liability Company is the best thing for your business, you can buy a ready-made Limited Liability Company from a Limited Liability Company incorporation agent. Alternatively, you can incorporate a Limited Liability Company yourself.

2. Do I really need a Limited Liability Company?
The majority of businesses are not a Limited Liability Company. The reasons for having a Limited Liability Company are varied, for example, it could involve ownership of property, obtaining investment funds, taxation or contractual relationships. Many businesses function satisfactorily as sole traders or partnerships, rather than a Limited Liability Company.

The key point to recognise is that a Limited Liability Company is a separate entity. This means that the Limited Liability Company is a legal person in its own right. The Limited Liability Company is separate from those who own or run it, and has 'limited liability'.

3. What does Limited Liability Company liability mean?
Limited Liability Company liability gives the owners of the Limited Liability Company (its shareholders) protection if the Limited Liability Company fails. This means that if a Limited Liability Company is put into liquidation, the people who own the Limited Liability Company will only be required to pay what they have already paid to the Limited Liability Company or agreed to pay towards settling the debts of the Limited Liability Company.

4. What can I do with an unwanted Limited Liability Company?
If you decide that you do not need a Limited Liability Company that you have set up, you should consider putting the Limited Liability Company into voluntary liquidation. If the Limited Liability Company cannot afford this, you may be able to apply for the Limited Liability Company to be struck off the Limited Liability Company register.