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Our guide to incorporating a limited company

The owner of a limited company is considered to be a separate tax entity from their business. This distinction between the two also means that the owner is not personally liable for any company debts.

If you are a sole trader or partnership, you might decide to turn your business into a limited company. This is known as incorporating or setting up a limited company.

There are several things which you must do in order to form a limited company, including letting HMRC and Companies House know.

Read our guide to incorporating a limited company, the VAT implications, and what steps to take.

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Video guide to incorporating a limited company

If you have previously operated as a sole trader or partnership, you might now wish to run your business as a limited company.

We’ve put together a helpful video to guide you through the process for forming a limited company. Discover what you need to consider, your responsibilities as a director, and essential tips.

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The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?

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VAT Returns

It is unlikely you will need this service, unless you are voluntarily registered for VAT.

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