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.
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.