The Advantages of Setting up a Limited Company

This is a short but informative blog post about some of the advantages of setting up a limited company in the United Kingdom. Read on to find out more!

Starting and running a business can be an exciting and rewarding experience, but it can also be challenging and risky. One way to mitigate some of these risks is to operate as a limited company. A limited company is a legal entity that is separate from its owners and directors, and it can provide a number of benefits for businesses in the United Kingdom.

Limited Liability:

With any business comes risk, sometimes substantially elevated risk. Using a limited company can help mitigate this risk by limiting financial risk to the company. Normally, company officers or shareholders are not held liable for any company debt, fines, or legal suits as long as the business has been correctly operated in good faith. This benefit can give a great amount of peace of mind to any business owner, new or existing.
Low Set-Up Costs: In the UK, limited companies are very easy to establish with a very low cost to do so. You can set up a limited company in some cases the same working day for as little as £10.00 or even for free!

Established Reputation:

Using a limited company rather than being set up as a sole trader can provide a portrayal of being more established and accountable. All limited companies are registered at Companies House, and information on all businesses is viewable on the company register. The register shows the Registered Office of the company, who owns the business, and who is responsible for running the business. Using a registered office service can give your business an extra reputation boost and avoid using your private home address on the register.

Your Business Name:

Every registered company name is unique, meaning once registered, nobody else can register a business with the same name while your company remains registered. While this is not like a registered trademark and does not offer the same protection, it does ensure no other business can register and copy your official business name.

Tax Efficiency:

Limited companies can be a great way to become very tax efficient in your business and investment practices. While we are not able to cover this in detail here, as there are so many options to consider, some of the main benefits include taking profits as a mix of salary and dividends, which can be tax efficient for business owners.

Privacy Benefits of Using a Virtual Office:

In addition to the established reputation and other benefits of using a registered office service, a virtual office can also provide privacy benefits. A virtual office allows you to use a professional business address as your registered office, rather than your personal home address. This can be especially useful if you want to keep your personal home address away from public records and databases.

It’s important to note that while operating as a limited company and using a virtual office service can provide many benefits, it’s always a good idea to seek professional advice to determine what is best for your specific business needs.

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Registered Office
Standard

£22 exVAT Per Year £26.40incVAT
  • The yearly cost covers using our office address for your company’s Registered Address at Companies House. 365 Days cover starting from the day of purchase.

  • We guarantee our address will be fully compliant for use as your Registered Office with companies house in England.

  • Your Business Name
    82A James Carter Road
    Mildenhall
    IP28 7DE
    United Kingdom

  • We open, scan and email you any mail sent from Companies House or HM Revenue & Customs addressed to your Company. This is done the same working day it arrives. You can request the physical copy if required, you will need to pay for postage on this or you can arrange collection free of charge.

  • Ready to use right away! You can start using your new Registered Office Address with you company at Companies House right away. Please be aware we will require you to provide your ID documents before we can forward anything.

  • We open, scan and then email your letters the same working day they arrive. Original documents are held and available on request for 10 working days before being securely destroyed.

  • This service includes using our address for one company officer, they can be the Director, Secretary, Shareholder or Person of Significant Control (PSC). This cover is provided per person, regardless of the amount of positions they hold within the business. This is not normally included with other providers!

  • The First is Included for Free! Additional Directors, Secretary's, Shareholders or Person of Significant Control (PSC) can be purchased for £5.00+VAT each, per year, as an Add-On. Please email reception for this if required after signing up.

  • Mail from senders other than Companies House & HMRC is not included. If you need to receive mail from customers, suppliers, banks etc you will also require one of our Virtual Office Services. You can add this on after you have purchased your Registered Address!

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Registered Office
Premium

£32 exVAT Per Year £38.40incVAT
BEST SELLER
  • The yearly cost covers using our office address for your company’s Registered Address at Companies House. 365 Days cover starting from the day of purchase.

  • We guarantee our address will be fully compliant for use as your Registered Office with companies house in England.

  • Your Business Name
    82A James Carter Road
    Mildenhall
    IP28 7DE
    United Kingdom

  • Physical forwarding of any mail sent from Companies House or HM Revenue & Customs addressed to your Company. We forward the official letters the same working day to your confidential UK mailing address, 2nd Class Royal Mail.

  • Ready to use right away! You can start using your new Registered Office Address with you company at Companies House right away. Please be aware we will require you to provide your ID documents before we can forward anything.

  • At anytime if you prefer we can open, scan and then email your letters the same working day they arrive. Original documents are held and available on request for 10 working days before being securely destroyed. Please note we do not scan and forward by post at the same time.

  • This service includes using our address for one company officer, they can be the Director, Secretary, Shareholder or Person of Significant Control (PSC). This cover is provided per person, regardless of the amount of positions they hold within the business. This is not normally included with other providers!

  • The First is Included for Free! Additional Directors, Secretary's, Shareholders or Person of Significant Control (PSC) can be purchased for £5.00+VAT each, per year, as an Add-On. Please email reception for this if required after signing up.

  • Mail from senders other than Companies House & HMRC is not included. If you need to receive mail from customers, suppliers, banks etc you will also require one of our Virtual Office Services. You can add this on after you have purchased your Registered Address!

2ND YEAR FREE WITH ANNA

Sign up for an ANNA business account and SAVE £38.40

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