Limited Company Definition:

In a Private Limited Company the liability of Shareholders, Directors etc is not more than the capital they have invested in the firm.

Private Limited Company Features:

A private UK limited company is considered as one of the most easily managed and cost effective business structures. Some of its outstanding features are:

• Share Capital Limits - No minimum or maximum share capital requirements.

• Owner Qualifications - No specific qualification requirement for company director, secretary or shareholder.

• Nationality Restrictions - No nationality or residence restrictions for company director, secretary or shareholder.

• One Company Director Required - A private limited company can just have one director who may also be the only share holder.

• Resource Utilization - A private limited company's resources can be used to assist in the purchase of shares of the company when someone wishes to leave the company.

• No Public Shares - A private company is prohibited to issue its shares to the public.

• Abbreviated Accounts Filings - Private companies up to a certain size can be permitted to file abbreviated accounts with the register of companies.

• Annual General Meeting - Only a private limited company can dispense with obligations to hold an annual general meeting

• General Meeting - Only a private limited company can dispense with the formalities of holding general meetings by having a special resolution in writing

• Trading-A private limited company can start trading immediately upon incorporation. It does not require any trading certificate to start its business.

Company registration of Private Limited Companies can be carried out at Formations House's website. Limited Company Formation has the following benefits:

• Limited Company is a separate legal existence.
• Shareholders have limited liability.
• Protected Personal assets of limited company's shareholders and directors.
• Structured dispute resolution.

Private Limited Company Requirements:

Following requirements are to be fulfilled to form a limited liability company in the UK:

• Registered address within the UK i.e. a valid postal address in England, Scotland or Wales
• A minimum of two persons, 1 company director and 1 company secretary.

Form a UK Limited Company

	Company Formation
	Company Registration
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	Form Company
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	Limited Company
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