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Midford Accountants are based in Central London.

We work closely with our clients to achieve the best results. We are reliable, approachable and professional Accountants

Limited Company

More and more business owners in the United Kingdom and elsewhere are choosing to incorporate their businesses as a Private Limited Company. In the UK, companies take on many forms: private limited company (Ltd), private company limited by guarantee, limited liability partnership (LLP) and a public limited company (PLC).

Private Limited Companies (Ltd) are the most common form of company incorporated in the UK, with several hundred-thousand new companies registered every year according to stats from Companies House, the UK's official Registrar of Companies.

The reason for this is simple; many owners find that structuring their business as Private Limited Company offers significant benefits over other company types.

Here's a quick rundown of these advantages:

Ease of
Set up

The paperwork and filing procedures needed to register a Private Limited Company is relatively straightforward. Thanks to the recently overhauled electronic registration system from Companies House, the UK's official registrar of companies, you can now register your Private Limited Company online using authorised agents such as Midford Accountants. In many cases a company can be registered in as little as one day as the whole filing process is streamlined for speed and efficiency. Our qualified agents will help you with all the paper work, sparing you from spending money on hiring attorneys.

Limited
Liability

In case the company fails, every shareholder's personal assets are protected. In a company run as a sole trader, the owner's personal liability is unlimited in the event of a company failure. In a business structured as a Private Limited Company the owner's personal assets are kept separate from the company's assets and are therefore safe in case of business insolvency.

Less
Operational
Complexity

The paperwork and filing procedures needed to register a Private Limited Company is relatively straightforward. Thanks to the recently overhauled electronic registration system from Companies House, the UK's official registrar of companies, you can now register your Private Limited Company online using authorised agents such as Midford Accountants. In many cases a company can be registered in as little as one day as the whole filing process is streamlined for speed and efficiency. Our qualified agents will help you with all the paper work, sparing you from spending money on hiring attorneys.

Increased
Tax Flexibility

Perhaps the greatest advantage of registering as a Private Limited Company is a more efficient tax structure. Since the company is its own separate entity its profits are subject to a corporation tax, separate from the directors and shareholders personal tax returns. Additionally, if your Private Limited Company has an annual turnover in excess of £81,000, you have to register for Value Added Tax.

Structuring your business as a UK limited company gives your customers and suppliers a sense of assurance and stability. Many bigger corporate entities will not even deal with a company set up as a sole trader or partnership, but they will gladly do business with a Private Limited Company.

Our agents are on hand to guide you through all the steps necessary for setting up a UK limited company. Once you've established your UK limited company our certified, London based accountants are available for ancillary tax planning and financial statement drafting services.

Midford Accountants Ltd. is a London based company with the operational knowledge and experience in helping your business grow and thrive. Check our fees page for our highly affordable and flexible pricing plans.