Choosing the Right Company Structure
Before embarking on the registration of a new company, it's essential to determine the most suitable structure for your needs. As part of our service, we offer expert guidance tailored to your specific requirements, ensuring your limited company is established with the optimal structure.
Here's an overview of the three main types of legal entities:
Private Limited Company (Limited or LTD):
- Commonly chosen for profit-generating businesses.
- Provides personal asset protection by limiting financial liability to the value of company shares.
Limited Liability Partnership (LLP):
- Preferred by professionals and consultants seeking liability protection while maintaining partnership flexibility.
- Offers flexible tax benefits, with each partner responsible for paying taxes through their self-assessment tax return.
Company Limited by Guarantee:
- Typically utilized by non-profit organizations such as charities and sports clubs.
- Protects personal finances similar to a Private Limited Company, but with guarantors instead of shareholders.
- Profits are often reinvested into the company, although guarantors may withdraw profits at the expense of forfeiting charitable status.
With our guidance, you can confidently select the company structure that best aligns with your objectives and ensures compliance with legal requirements.
