Northern Ireland
Private Company Limited by Shares
There are three different limited company formations we offer:
- Limited by Shares (the most popular company type)
- Limited Liability Partnership

What is a Private Company Limited by Shares?
Quick and simple formation, business bank account plus more...
Businesses may be limited companies for a number of reasons
- it may look more 'professional'
- it may help if you need to raise external finance
- it may be more tax efficient than other business structures

Under the limited company structure, your company and personal finances are kept separate, unlike the sole trader structure. Limited companies are subject to corporation tax on their profits. A limited company is owned by its shareholders. Limited companies are no longer required by law to have a company secretary. They can now operate with just one director and shareholder. If things go wrong and a limited company fails, its directors and shareholders have 'limited liability' in that their personal assets cannot be touched. For sole traders, their personal liability is unlimited. A Private Limited Company cannot offer shares for sale on the stock market, whereas a Public Limited Company can. All limited companies must be registered at Companies House. All limited companies should submit a 'Confirmation Statement' (previously known as an Annual Return) to Companies House each year as well as their annual accounts.