Here at Caversham Solicitors we appreciate setting up a company can be both exciting and daunting; getting it right is essential, and when clients approach us for help setting up a company, we will often start by clarifying if this is the right trading status – we are also adept at establishing partnerships for our clients too.
If you choose to establish a private limited company to run your business you will need to appoint ‘directors’ and to deal with various other formalities, and you will also need to register it with Companies House. This is called incorporation and is relatively straightforward and inexpensive.
If you already have a business as a sole trader it could be appropriate to incorporate and set up a limited company. For example you may want to limit your liability, and while sole traders are responsible for any business debts, with a private company the liability is normally only that of the company.