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A Limited Liability Company (LLC) is an unincorporated association that of the Commonwealth website for additional information about becoming a LLC. Limited Liability Partnership: In order to limit the liability of its general partners, a general or limited partnership may opt to register as a limited. 1. Higher take-home pay · 2. Claim on limited company expenses · 3. The Flat Rate VAT scheme for contractors · 4. Personal assets are protected · 5. Ease of use · 6.

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A Private Company Limited by Shares (LTD company): The members' liability, if the company is wound up, is limited to the amount, if any, unpaid on the shares. A limited company (LC) is a general form of incorporation that limits the amount of liability undertaken by the company's shareholders. Choose a Company Name · Enter your Company Details · Select your Formation Package · Checkout, Sit Back and Relax.

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You need to inform HMRC of the new company's existence within 3 months of incorporation, and register with them for corporation tax. HMRC will provide you with. 1. Tax. One of the biggest advantages for many is that running your business as a limited company can enable you to legitimately pay less personal tax than a. Step 1: Check if setting up a limited company is right for you, Hide this section · Step 2: Choose a name, Show this section · Step 3: Choose directors and a.