Ltd company what does it mean ??

[dee2912]

hi what does a Ltd mean after a company name an how does a company become 1

[kempie]

http://en.wikipedia.org/wiki/Limited_company

[Skyline D]

A "company" cannot become "Limited". A company IS "limited". That's what it means "Limited Company". The only companies that are not "Limited" are those that are even bigger "plc's".

If you meant how does a trading partnership or sole trader become limited then it's just a matter of incorporating by setting up a limited company (companies such as Oswalds will do that for you) at a cost of �250 or so and starting to trade from that instead. You need to inform HMRC obviously and it would be best to get an accountant to do it for you but it's not difficult.

The thing that most people struggle to get their heads round if they incorporate their business is that money and assets of the business then do not belong to them. It's company money and whilst you may be the only shareholder you can't just help yourself to funds. There are tax implications of doing so.

[buildersmate]

�250? I pay about �50.

[Skyline D]

It's a while since I set one up and they appear to have got cheaper these days but checking Oswalds website suggests the cheapest package they do is �125 + VAT which is just short of �150.

Where are you getting it for �50?

If you knew exactly what you were doing and were capable of writing your own memo & articles etc you could register it yourself for �20 + costs but very few people could actually do that.

[minuteman]

Try the people below. Everything is done on line: sometimes same day. Costs �60 for e mail package.



http://www.companyregistrations.co.uk/register ed-office-facility.asp