GoForma

Setting up a limited company in the UK is a popular choice for entrepreneurs looking to protect their personal assets and gain tax benefits. Unlike sole traders, a limited company operates as a separate legal entity, meaning its finances and liabilities are distinct from those of its owners. This guide covers everything you need to know about  setting up a limited company , from choosing a company name to registering with Companies House and meeting legal obligations. Whether you’re a freelancer, contractor, or small business owner, this step-by-step guide will help you start your business the right way. Why Set Up a Limited Company? Many business owners choose a limited company structure for the following reasons: Limited Liability Protection — Your personal assets remain safe if the company runs into financial difficulties. Tax Benefits — Limited companies can be more tax-efficient than sole traders, especially for higher earnings. Professional Image — Operating as...