Here’s a quick rundown of these advantages:

1. Ease of Setup. The paperwork and filing procedures needed to register a Private Limited Company is relatively straightforward. Thanks to the recently overhauled electronic registration system from Companies House, the UK’s official registrar of companies, you can now register your Private Limited Company online using authorised agents such as BA Global Associates. In many cases a company can be registered in as little as one day as the whole filing process is streamlined for speed and efficiency. Our qualified agents will help you with all the paper work, sparing you from spending money on hiring attorneys and accountants. 

2. Limited Liability. In case the company fails, every shareholder's personal assets are protected. In a company run as a sole trader, the owner's personal liability is unlimited in the event of a company failure. In a business structured as a Private Limited Company the owner’s personal assets are kept separate from the company's assets and are therefore safe in case of business insolvency.

3. Less Operational Complexity. Unlike corporations, Private Limited Companies are not required to have a board of directors or shareholder meetings. In a pioneering move to further enhance operational efficiency, a 2008 law removes the requirement for UK Limited Companies to have a company secretary. Private Limited Companies can now be incorporated in the UK with just a sole director.

4. Increased Tax Flexibility. Perhaps the greatest advantage of registering as a Private Limited Company is a more efficient tax structure. Since the company is its own separate entity its profits are subject to a corporation tax, separate from the directors and shareholders personal tax returns. Additionally, if your Private Limited Company has an annual turnover in excess of £70,000, you have to register for Value Added Tax.

Structuring your business as a UK limited company gives your customers and suppliers a sense of assurance and stability. Many bigger corporate entities will not even deal with a company set up as a sole trader or partnership, but they will gladly do business with a Private Limited Company.

Our agents are on hand 24/7 to guide you through all the steps necessary for setting up a UK limited company. Once you've established your UK limited company our certified, London based accountants are available for ancillary tax planning and financial statement drafting services.

BA Global Associates Ltd. is a London based company with the operational knowledge and experience in helping your business grow and thrive. Check our fees page for our highly affordable and flexible pricing plans.