Corporate formation
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Setting up a limited company, made easy
Should you run your business as a sole trader or set up a limited company? This is a question many solo entrepreneurs will ponder early on in their adventure. Many choose to set up a limited company, which we’re going to focus on here.
But how do you set up a limited company in as smooth and stress-free a way as possible? It’s simple: let our expert team at Adbell International help you.
How we help businesses set up limited companies
Creating a limited company in the UK involves several steps, all of which we can help you with. Before you start, though, you’ll need:
- a name for the company
- an address for the company – this can be any UK address
- at least one director (this person does not need to be a UK resident)
- at least one shareholder (this can be an individual or another company).
Your company must also have a memorandum and articles of association document at the time of incorporation. You can use standard template documents, or we can create them on your behalf.
It’s not a legal requirement to have a director or shareholder resident in the UK to set up a UK company. However, many banks will want you to have resident directors or shareholders before they open a UK business bank account for your business.
Once your business is set up, you’ll have some unique administrative responsibilities, including corporate tax returns and annual accounts, which we can also help you with.
Advantages of incorporating a business
Setting up a limited company comes with a number of advantages.
- Limited liability: One of the most significant advantages is that the liability of the company’s shareholders is limited to the amount they have invested in the company. Personal assets are generally protected from business debts and liabilities, reducing the financial risk for individual shareholders.
- Tax efficiency: Limited companies are often more tax efficient than sole traders, as they are subject to corporation tax on their profits, which is lower than personal income tax rates.
- Access to funding and investment: Limited companies can attract external investment more easily than other business structures. Investors often prefer the transparency and governance associated with limited companies, making it easier to raise capital through the sale of shares or by bringing in new shareholders.
Get in touch with us
If you’re considering setting up a limited company, get in touch with us today. We’ll confirm whether a limited company is the right choice for you and your goals and help you navigate the registration process. Today could be the day your business journey changes for the better!
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By offering services — from personal tax to bookkeeping — for all types of businesses in all sectors, our team is here to help you see how you could improve.
Whether in the UK or overseas, you'll have a foundation for success, with your finances in good order and a clear understanding of your tax and business requirements.
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