Limited liability companies are the most common form of business organisation. This form of business is characterised by the limited liability of its owners, the issuance of shares, and its existence as a going concern. Once formed, the company has separate legal standing from its owners and protects those owners from being personally liable in the event that the company is sued (so-called limited liability).
Incorporation also provides companies with a more flexible way to manage their ownership structure.
In addition, there are different tax implications for corporations, although these can be both advantageous and disadvantageous. In these respects, corporations differ from a proprietorship and limited partnership.
We advise on most aspects of structuring and setting up your business in the UK to include:
- Private limited company
- Public limited company
- Limited liability partnership
- Representative office
- Branch office
There are also other forms of business entities available such as proprietorships.
Please refer to Corporate Services for more information about how to form a company and on-going domiciliation services.
Steen Rosenfalck - Partner