LIMITED COMPANY
You can use a company registration agent to buy a company ’off the shelf’ or you can create your own and register it at Companies House. Limited companies should always display their full corporate name outside the business premises, and registration details must also appear on the stationery. Company directors have certain obligations. They need to file statutory documents, such as accounts and annual returns. There’s also Corporation Tax to think about, which we charge on company profits. Company directors are also employees of the company, so there are different National Insurance and PAYE obligations.
Special note: even though a company director is an employee, they still need to register for Self Assessment. The same applies to each director in a limited company.