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This is the most common type of company formed. There are approximately 2 million limited (LTD) companies on the register at Companies House.
If you are operating your business to make profit for the business owners (shareholders) then this is most likely to be the best format for your business.
It is suitable for virtually all general businesses including consultants, service providers, retailers, distributors, cleaners, construction, web developers etc. etc. (I think you get the picture)
You can read more about limited companies here.
To register a limited company
Often referred to as a 'not for profit' company, a limited by guarantee company is normally registered by charities, associations, clubs and other organisations that do not make profit for the business owners.
In most circumstances the businesses do make a profit but it is re-invested within the business or used to benefit the objects of the company rather than extracted by shareholders.
Guarantee companies are popular with small business with charitable aims as they protect the liability of the members.
You can find our more about guarantee companies here.
To register a guarantee company
Limited Liability Partnerships (LLP) are often registered by professionals. This type of business structure is normally preferred by solicitors, accountants, architects and other professional sectors.
This can be seen as a hybrid of a limited company and a partnership. It allows the business owners to operate as a legal entity and benefit from protected liability whilst still keeping some of the flexibility associated with a partnership.
LLPs normally require a formal partnership to be written as they do not have a constitution document.
Find out more about LLPs here.
To register a new LLP please
*We aim to complete all company formations as quickly as possible. Our incorporation system has been developed to make entering details as simple as possible to speed up the process for our customers. Once a company formation has been submitted we ensure it is sent directly to Companies House. This ensures all companies are formed in the quickest time possible. Most companies are formed in approximately 2 to 3 hours. Some Scottish companies are formed in about 30 minutes. However, please note that any company formation is subject to Companies House.
If you want to find more information about limited companies, how to form a company or need general advice on the services we provide take a look at these important pages.
Please note Companies House processing times are an estimate only and not guaranteed.
Simple Formations is a trading name of Small Firms Services Limited. We have been trading since 1998 and are one of the UK's longest standing Company Formation Agents