What is a Limited Company in UK
When starting a business in the UK, one of the most crucial decisions you’ll make is choosing the right legal structure. A popular choice among entrepreneurs and small business owners is the limited company . But what exactly does this term mean, and what are the different types of limited companies available in the UK? This article will provide an in-depth look at what a limited company is, explore its various forms, and discuss the benefits and considerations involved in setting one up. What is a Limited Company A limited company is a type of business structure where the company's finances are separate from the personal finances of its owners. This means that the company's debts and liabilities are the responsibility of the company itself, not the individual shareholders or directors. The term "limited" refers to the limited liability of the company's shareholders, meaning they are only responsible for the company’s debts up to the amount they originally invest...