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Setup a limited company in Whitehaven
Whatever type of business you're setting up, dns accountants can assist you with company formation services in Whitehaven. By using our company formation package and signing up to one of our limited company accountancy packages, we will give you access to:
- Expert company formation specialists
- Convenient business bank account
- Three months of complimentary accounting services
- Limited-time cashback offers
- Free accounting software and apps
- Completion and submission of the limited company’s corporation
- Tax return preparation and submission of the VAT Return (if required)
- Manage the company payroll (if applicable)
- Annual accounts filing
- Company incorporation with HMRC
- Non residents UK company formation
Accounting
- Statutary accounts
- Management accounts
- Bookkeeping
- Business plan
Tax
- Tax investgation service
- Capital Gaine tax
- VAT
- Tax advisory
Others
- Registered office address
- Self assessment
- Payroll services
- Corparation tax
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Need help for your limited company formation?
Speak with our company formation specialists.
What are the benefits of a limited company?
A private limited company is considered the best way to start a company compared to other options. The core concept of this type of company structure is to protect the business owner’s assets, keeping them separate from the new business.
Separate legal entity
The new company will be considered as a separate legal entity. The new company will be a separate legal entity. Vital things like credit agreements, business bank accounts, business assets, and therefore any legal claims, are held by or against the business itself.
For example, if your private limited company became insolvent, you, as the business owner, would not be personally liable for settling outstanding debts. Other company structures do not offer the same protections, putting your personal assets at risk. There are other benefits to the limited company:
Tax benefits
A limited company route is more tax-efficient from a personal tax point of view than operating as a sole trader. As a limited company director, you will typically take a small salary (with little tax liability) and the remainder of your income in the form of dividends (which are free from National Insurance contributions). Dividend tax rates are significantly lower than standard personal tax rates.
Your company will be required to pay corporation tax on your company's profits. However, corporation tax rates for small companies are generally lower than most income tax rates.
Access to finance
Limited companies have access to a greater array of business finance options. From loans to business bank accounts, you will have more options in seeking that boost of funds when looking to expand your venture.
Protection of your brand name
The name of a company is all-important, but especially with private limited companies. You must register a limited company with Companies House using a unique name, which is subsequently protected by law. No other business can use that particular name, so it offers long-term protection.
Credibility
Having the name “limited” at the end of your company name is another level of benefit in the market. It will be a great way to show to the partners or customers and potential investors that your business is a serious venture in the market. It is an instantly recognisable term for anyone. Some businesses even entirely exclude non-limited companies from working with them.
Limited company accounting for the business owner
Need help with company formation from a friendly, no-nonsense team? Book a call with us to speak to our advisors. We specialise in company registration in the UK, including limited company formation, private limited company registration services, and Ltd company formation. After completing the company formation process, we will help to manage the company accounts on an ongoing basis. Our company registration service will help you to register your limited company and if you sign up to one of our accounting and company registration packages, it will give you access to a wide range of other benefits.
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