Members
Log-In / Registration
= Members' Area
Protecting You/Your Business
Professional Indemnity
BUPA
Credit Assurance
 
Financial Planning
Pensions
Mortgages
Investments
Offshore
Banking
 
Legal Services
IR35 Sample Contract
Contract Reviews
Legal Helpline
 
Business Services
Credit Checks
Company Formations/Admin
Accounting
Tax Helpline
 
Resources
Discussion Board
Training
Useful Links
News
 
Contact the CCBA:
Email: info@CCBA.org.uk
Tel: 01442 347850
Fax: 01442 347801
 

 

 
Setting Up and Running a Company

Why do I need a Ltd Company?
A Ltd company has an identity separate from the persons that own it. There are certain advantages to this. Firstly your liability is limited, which is especially important if you are working in high risk contracting areas. There are also potential tax advantages to working in this way. Finally, if you are going to take on employees then it is preferable to operate as a Ltd company.

What Type of Company?
There are three main types of private company:

Company limited by shares
- the members' liability is limited to the amount unpaid on shares held by them.

Company limited by guarantee
- the members' liability is limited to the amount they have undertaken to contribute to the company's assets if it is wound up

Unlimited company
- there is no limit to the members' liability

The most common private company is that limited by shares.

Member(s)
The member(s) are the owners of the company. There is no minimum requirement so far as the number of members is concerned. However, if there is only one member then decisions taken by that member must be conveyed to the company in writing.

How do I Form a Company?
Your accountant or solicitor should be able to help you with this. Alternatively you can contact a Formations Agency, which is often cheaper.

Click here to check if the company name
you have chosen is available

Click here for a list of Company Formation Agencies
(coming soon)


 
 

Insure Your Loan Payments

 

Melwoods Chartered Certified Accountants

   

2009
CCBA
10-12 Lawn Lane, Hemel Hempstead, Herts HP3 9HH
Tel 01442 347850; Fax 01442 347801

Queries regarding this page should be directed to CCBA:
info@ccba.org.uk

Terms and Conditions for this Website

 

   

 

Business Services Legal Services Financial Planning Protecting You and Your Business Computer Contractors Benefit Association Resources