Set Up A Limited Company

Which company structure should I choose?

Before registering a new company, you first need to decide which structure you’d prefer. As part of our service, we’ll help advise you based on your individual requirements, so we set up your limited company with the best structure to meet your needs.

The three main types of legal entity are a Private Limited Company (“Limited” or “LTD”), a Limited Liability Partnership (LLP) and a Company Limited by Guarantee:

Private Limited Company:

The most common type of company incorporation
Primarily used for businesses that are set-up to generate profit for the owner(s) of the business
Protects personal assets by limiting financial liability to the value of the share(s) in the business

LLP:

Mainly used for professionals and consultants who want to keep the flexibility of a traditional partnership, but want to limit their liability so that personal finances are protected should the business encounter financial difficulties
An LLP also offers flexible tax benefits, and the business won’t pay corporation tax as each business partner is responsible for paying tax through their self-assessment tax return

Company Limited by Guarantee:

Often used by non-profit organisations in the UK, for example, membership organisations, charities and sports clubs
This type of company structure protects the personal finances of the company owners in the same way a Private Limited company protects shareholders – although instead of shareholders and shares this structure has guarantors and guarantees
Profits are typically re-invested back into the company. Although guarantors can take profits from the company, doing so will mean any charitable status will be relinquished

Testimonials

DS Burge & Co

5.0 Stars - Based on 193 User Reviews

Have used DS Burges for a number of years now and always feel secure knowing they are looking after my affairs professionally and attentively.

Timothy S.
1/26/2022
We've used DS Burge & Co Accountants to process our business accounts for the past few years. Kieran and his team have provided an outstanding service during this time. Kieran's wealth of knowledge and understanding of finance and accounting has been invaluable for a business like ours. His advice and attention to detail is first class, and we would recommend DS Burge & Co Accountants to anybody in need of accounting services.

Daryl H.
1/26/2022
A superb local family owned business, providing high quality accounting and business services, with a friendly, personal touch and a flexible approach. Darius, Kieran and team deliver what their Customer's need when they need it and charge very reasonable fees. Highly recommended!

Elmac V.
7/27/2021
Kate and her colleagues at DS Burge did a fantastic job of sorting out the tax and accounting affairs of my personal services company after I started freelancing as well as our slightly messy personal tax affairs. She is always friendly and helpful, never shows any annoyance when we ask silly questions or mess things up, and it is a great comfort to know that she is there for when we need her. Andrew and Ivanka Wasielewski

Ivanka W.
3/10/2024
Excellent service completing tax return on my behalf. Everything was completed in good time and the accountant handling my case was very happy to take the time to answer my questions. They made it feel personal and I really appreciated that

Kevin S.
1/26/2023
I remember when I initially was in touch with Darius probably about a year ago. I was upset & had a lot going on. Darius assured me everything would be okay and requested that I gather all the necessary information, enabling Darius to submit. Throughout the process, Darius has kept me informed and has been great with me. If I had any queries and were unsure about anything he has guided me throughout. More importantly, I have built a great relationship with Darius and trust him fully . Thank you for being great and getting me through this process. Kind Regards Nadia

Nadia B.
10/26/2023
Extremely knowledgeable, helpful and communitive. Inexpensive quality service. Highly recommended.

Doyne-Ditmas M.
8/19/2021
I would highly recommend DS Burge. Kieran and the Team have always been very friendly and supportive and have provided a professional efficient service for all of our small business accountancy needs.

Mark D.
2/17/2024
I have been a client for two years and have found their service to be highly professional, proficient and efficient.

Eric A.
5/22/2024
i have to give DS Burge& Co 5 stars as they are by far the best accountants we have had for over 40 years

Sandra B.
1/26/2022
Darius has always been very helpful and has a very good range of knowledge built up from years of experience, i can thoroughly recommend their services for all your accountancy needs.

wes p.
7/20/2021
DS Burge & co operate a great accounting service. They are efficient, informed and friendly. Highly recommended.

Paul C.
1/26/2022
Professional and very helpful on all fronts. Great response to all enquiries.

Steven B.
1/26/2022
Great service that is pragmatic and has a strong commercial focus. I would highly recommend Kieran and the rest of the team.

Stephen B.
11/26/2023
My experience has been excellent using your company I couldn't ask for any more Thank you

Kennie B.
1/26/2022

What do you need to register a limited company?

To register a limited company in the UK, you’ll require the following details:

Memorandum of Association: business name, location, and business activity type (SIC Code)
Directors names, addresses, and the registered address of your new limited company (as part of our company secretarial services you can use our Surbiton address if you’d prefer
A list of share capital and shareholder details along with any people of significant control (PSC) – you need at least one shareholder allocated at least one share
Articles of Association: outlines the director’s powers and shareholder rights. Most companies use the Model Articles of Association for this.

When picking your company name, we’ll need to check the Companies House register that it is unique and not already registered to another business.

There are also certain words that Companies House list as ‘sensitive’, which means to register this type of name you’ll need permission for the relevant authority. Examples are “Dental” or “Royal”.

We’ll also need you to provide proof of ID and proof of address. This is to comply with Anti-Money Laundering (AML) regulations and ‘Know Your Customer’ (KYC) requirements.

We also recommend that you set-up a business bank account, and we can help advise on suitable services.

DS Burge & Co