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UK limited company formation – The different company structures

Starting a limited company is one of the most popular ways for entrepreneurs to go into business in the UK. But did you know that there’s multiple ways to structure a limited company? These different structures suit different types of businesses, what’s suitable for one business may be inappropriate for another. 

Let’s take a look at the three most popular types of limited company:

Limited by Shares

The most common of the company structures. Some reasons for this are:

Limited by Guarantee

This structure shares a number of features with the limited by shares company (limited liability for example). However, a limited by guarantee company also has some fundamental differences:

Limited Liability Partnership (LLP)

This company type may include the word limited but that’s where similarities with the other two structures end:

Are you ready to start your own company? Regardless of which of these structures is best for you, we can help. Take a look at  Company Formation MadeSimple to start your business adventure today.

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