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 funds.
2. Choose a name: Choose the right name for your business.
3. Choose a director and a company secretary: You must appoint a director and 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.

Register your company: Register an official address and choose a SIC code, which identifies what your company does.