Setting up a limited company

Following are the steps required for setting up a limited company:

  1. Check if the setting up of the company is right for you: How you set up your business depends on what type of work you do. It can also affect the way of paying taxes and getting funding.
  2. Choose a name: Choose the right name for your business.
  3. Choose a director and a company secretary: A director must be appointed and you must have at least one shareholder or guarantor, who can be a director. 
  4. Identify PSC over your company: PSC can be considered as anyone who has voting rights or more than 25% of the shares.
  5. Register your company: Register an official address and choose a SIC code, which identifies what your company does.

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