The fact that there are over 2.6 million companies registered in the UK bears evidence to the ease of company formation in the nation. Apart from econ...
The fact that there are over 2.6 million companies registered in the UK bears evidence to the ease of company formation in the nation. Apart from economic and political stability, the UK offers favourable administrative regulations for company incorporation. Setting up a ltd company has several benefits over other types of companies, of which the most crucial is probably the view of the shareholders and their personal assets are separate from those of the company.
Setting Up a Ltd Company: Benefits
Apart from the advantage of a simple registration process, a limited company offers various other benefits, which have all led to the popularity of this type of company formation. The most important advantage is that the liabilities of the business owners (with regard to their responsibilities in terms of debt and other issues) are limited. This type of company is called a Limited Liability Company or LLC. In the UK, such a company is required to add ‘Limited’ or ‘Ltd’ at the end of its name.
Some of the other benefits that make limited companies popular are:
Easier access to loans
Viewed as having more credibility than other types of companies
Nominee officers and shareholders are not required
Records of business formalities are not required
‘Pass through’ taxation
Setting Up a Ltd Company: Online Registration Packs
The easiest way to incorporate a limited company from anywhere in the world is with the help of online agencies. The registration packs offered by online registration agents include:
The Bronze pack: This pack, available at £17.99, is sometimes accompanied by a a £35 waiver for opening a bank account with the agency. This pack also includes the preparation of an electronic certificate of incorporation, as well as the Memorandum and Articles of Association.
The Silver pack: Priced at £53.99, this pack includes a printed copy of the certificate of incorporation as well as electronic copies of the Memorandum and Articles of Association. This package also allows one to use the agency’s official address in London as the company’s address for correspondence. You can also get £35 cash back when you opening a fast track Barclays Business account under this pack.
The Gold pack: This pack is priced at £93.99 and offers all the facilities of the silver pack, along with the facility of Maintenance of Statutory Books.
If you are looking for a trusted online registration agent to help you with setting up a LTD company, your best option would be A1 Companies Services Ltd. With 25 years of experience in the field, the expert team at this company has vast experience in handling the incorporation of a wide variety of businesses. For more details on the services offered, visit www.a1companies.com.
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