United Kingdom Company LTD
UK Limited Companies have very few restrictions or requirements which makes them a simple yet flexible solution for many businesses. There are a number of advantages associated with a Private Limited Company.
Benefits of registering and incorporating a company in United Kingdom
UK Limited Companies have very few restrictions or requirements which makes them a simple yet flexible solution for many businesses.
The main requirements of a Private Limited Company are as follows:
A registered office is required.
One Director is required, the Director does not need to reside in the UK.
At least one Director must be an individual.
A Company Secretary is optional however it is advised to appoint a secretary at the registered office so all requirements can be easily fulfilled.
There are a number of advantages associated with a Private Limited Company. Some of these are as follows:
Limitation of Liability: This is the main advantage of a Private Limited Company. The company is a separate corporate body from the individual and liability for payment of the debt stops with the company.
Profit Distribution: Profits made by the company can be distributed to the Shareholders in the form of dividends.
Ownership & Control: Private Limited Companies are flexible in their control and ownership and decisions can be made quickly and easily.
Separate Entity & Succession: Being a separate entity a Private Limited Company can benefit from continued existence and ownership can be easily transferred to another person.
Flexibility of Objectives: Because Private Limited Companies do not have to set the objectives for their business in the Memorandum of Association this leaves companies free to operate in many areas and markets.
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