Incorporating

Incorporating, or forming a limited company has many advantages -

As owners of the business, your personal assets would be protected
The company can own property, enter into contracts, and sue or be sued in its own name, creating a clear buffer between you and your business
There are often tax advantages both for the business and its owners
Being a limited company gives a business added prestige
As your business grows, you can raise money by selling additional shares
Succession planning becomes far easier - the company can simply be sold when you move on

So it’s not hard to see why this is an attractive option. However, there are quite a few things to think about -

Who will ensure you comply with filing requirements at Companies House? We can do all of that for you if you wish; see our page on Company Secretarial Services, or if you prefer we can explain to you what you will need to do, for a one-off fee.

In the same way that partnerships are wise to have a partnership agreement, it is sensible to have bespoke directors’ and shareholders’ agreements, so that everyone is clear about who does what, and what profits will be paid out, and by which mechanism; salaries, dividends or directors’ loans.

To find out more about how we can help you get set up, and take the strain of the administration away, click:

FAQs

Q: What does it mean to incorporate a company?

A: Incorporation is the process of forming a limited company, giving it legal status separate from its owners. It limits personal liability and may offer tax benefits and increased credibility.

Q: What do I need to incorporate successfully?

A: You’ll need a company name, registered address, directors, share structure, and formal documents like articles of association. We’ll handle all the paperwork and advise you on the best structure.