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Corporate Law

Company Formation

Starting or growing a business in the UK is quite straightforward. You have control over how your business is run. If you want to incorporate a business as a separate legal entity in the UK, setting up a private limited company is the most common option. Typically, it takes less than 24 hours to register a private limited company online.

 

You can also set up a business as a sole proprietorship in which case you are solely responsible for the business's debts or as a partnership where you share the responsibility with other partners in the business.

There are different company types in the UK, and it is best practise to do detailed research on them before making your final decision. The main company types in the UK are listed below:

  1. Private Company Limited by Shares (LTD)

  2. Private Company Limited by Guarantee

  3. Public Limited Company (PLC)

  4. Private Unlimited Company

To obtain further information about the company types you can check our Insights.

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