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Important Information Related To Setting Up A Limited Company
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Posted On :
Nov-22-2011
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Article Word Count :
452
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A limited company involves many benefits, and this reason makes many persons to opt for such as company formation. The process of forming a limited company considered quite easy.
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In case, a person wish to form a company for the first time, a limited liability company considered as the ideal form for him. It considered so because it safeguards the financial welfare of shareholders of the company. Such a company enjoys a separate identity from its owners. For the payment of the debts and financial obligations of the company, the personal assets of shareholders cannot be seized. The loans and debts and of the company can be repaid only through company's own assets. Setting Up A Limited Company offers another advantage that the assets to be seized also limit during bankruptcy. In the case, of Solo Proprietorship, the responsibility, to take care of the financial obligations remains with the shareholders. In such a case, the owners have to make use of their personal assets to make payment of the company's debts. A limited company also enjoys tax benefits as the owners of the company can save a considerable amount of money along with using the benefits offered by the government. A limited liability formation involves less paper works and other requirements of holding meetings, as well as, keeping records as compared to other forms of companies.
In the formation of a company, one requires to select the name of the company first. One, need to check, Companies House website to make sure that the selected name not used by any other company. He can visit the website of Companies House, and if, he finds that the name is similar to another company he will have to choose some other name for his company. A limited company name must end with the word Ltd. A number of people prefer to form their companies on their own. One can also take the help of a business start-up firm in the allocation of shares. Such a firm provides help throughout the company formation process along with taking care of the legalities. It also gives advice as how to increase profits through tax efficient measures.
One can also opt for online business start-up firm for quick, experienced and inexpensive process of company formation. One just need to contact them, and all the necessary documents will be send by these firms to those interested in Setting Up A Limited Company. A person just need to get a print out of these documents, and then he need to fill these documents. After filling up the forms, he requires to send these documents back to the firm. Another convenient way of forming a limited company relates to directly purchasing a limited company formed by such a firm. The ownership transferred to purchaser's name after the payment of the fee. All these transactions performed online.
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Article Source :
http://www.articleseen.com/Article_Important Information Related To Setting Up A Limited Company_108139.aspx
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Author Resource :
All those interested in Setting Up A Limited Company, Fast formation offers valuable advice in this process. We also offer information as whether a company name available or not. We follow a transparent fee structure to ensure no hidden fees.
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Keywords :
setting up a limited company,
Category :
Business
:
Management
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