There are several ways to set up your own limited company. Use an accountant, a company formations agent, or go direct via Companies House. Here are the typical costs associated with each option:
Business Structures - Limited Company
Most professional contractors work via their own limited companies. It remains the most tax-efficient business structure, despite the April 2016 dividend tax hike.
Company directors have more paperwork and legal obligations than umbrella company contractors, but in reality, a specialist accountant can take care of these administrative duties for you.
- If you only have 5 minutes, make sure you read 10 things you should know before setting up a limited company
- How much does it cost to set up a limited company?
- Limited company basics - how to set up a company, and the responsibilities you have as a director
- Limited vs. Umbrella - find out more about the advantages and disadvantages of each business structure
- For in-depth guides to setting up a company, try Limited Company Help
Register a limited company - from £10.95
For a wide section of incorporation pacakges, visit Clever Formations
Choose a name for your limited company – the basics
How to choose a professional, unique name for your company. We look at the rules and regulations which govern company naming, and why contractors may benefit from securing a matching web address.
Limited company shares and shareholders
If you work through a limited company, you’re not the business, even if you’re the company’s sole owner. But how do shares work, who can be a shareholder, and what are your rights and responsibilities?
What is a company secretary, and do I need one?
Company secretaries are usually appointed to help directors complete their statutory duties and carry out other tasks relating to corporate governance.
Limited or Umbrella Company – which is best?
Limited or Umbrella Company? We look at the pros and cons of each type of business structure. Which is the best route for contractors?
Setting up a limited company – 10 things you need to know
If you want to set up a limited company in 2022, here are 10 things you need to know to ensure your formation is processed flawlessly.
Being a limited company director – the basics
If you decide to start trading via your own limited company, you may at first be put off by the perceived ‘hassle’ associated with being running the company and becoming a director. However, if you hire a reputable accountant and undertake some basic administrative tasks, you should find that you can manage your company’s affairs […]
Limited company registered address – what are my options?
When you apply to Companies House to form a company for the first time, you’ll have to provide a number of addresses, the most important one being your registered office address. What can you do to protect your privacy?
Limited company or PAYE umbrella – advantages and disadvantages
Almost all contractors who provide professional services to clients trade via their own limited companies, or join a PAYE umbrella. Here we’ve compiled a table to help compare the pros and cons of each structure.
Forming a company – Articles and Memorandum of Association
If you want to form a new company, alongside the Companies House application itself (IN01), you must also file Articles and a Memorandum of Association. Here, we explain what these documents are, and how to submit them.