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Limited Company

LIMITED COMPANY

A limited company is an organisation that is set up to run a business. All finances are kept separate from your personal finances, and profits are distributed to shareholders as dividends after corporation tax. Generally, there are two types of limited companies:

  • Public Limited Company (PLC) – Shares can be bought and sold through a stock exchange.
  • Private Limited Company (Ltd) – Cannot buy and sell shares through a stock exchange.

Registering as a limited company protects your company name and restricts others from using the same title. However, bookkeeping and accounting for a limited company is more complex and requires you to keep accurate ongoing records.

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