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Ready-made companies We have reserved a large number of UK Company names and suitable business objectives to accommodate your requirements, guaranteed to be unutilised, available for immediate transfer in your name. All companies available can virtually engage in any business area, irrespective of their names. An average of 250 company names are available and continuously updated to ensure compliance with the Business Names Act. Own Name Companies All proposed names are verified with the Companies House and are in accordance with the requirement of the Business Names Act, ensuring availability and suitability of the company names. Advantages of a Limited Company Limited Liability Limited companies have certain merits in forming, the most prominent being “Limited Liability” for the owner. Sole proprietorships and Partnerships have unlimited liability and attract a greater penalty for the owners in case the business is unsuccessful. In a Limited Company, only company assets may be auctioned to settle against existing liabilities. The directors will be held responsible only when they have committed an act ostensibly damaging the company and its reputation. The directors are not restricted in forming other companies and shareholders may participate in the equity of other companies. Taxation Limited Companies enjoy favourable tax rates, compared with sole proprietors and partnerships. The latter forms of companies are taxed on an individual basis and not based on business profits. In Limited Companies, interest is a tax allowable expense and taxation is deducted on the profit after interest charges, whereas this is not the case in non-legal entities. Directors are taxed on their own salaries and benefits derived from the company, the shareholder receive their dividends net of tax deducted at source. Protection of Business Name Company names are registered, subject to their availability and acceptability, with the Companies House. Therefore, two companies may not register with the same, as long as one of them has ceased to exist completely. Ownership The owners of a company are known by the Companies House and the information is often circulated by means of trade journals and other business journals. The shares held in limited companies may be traded between potential and existing owners, but this cannot apply to sole proprietorships and partnerships. Non-legal entities, sole proprietorships and partnerships, have complex structures and normally end when the owner(s) expire, a new agreement to restart must be made. Continuity The death of a partner in a partnership legally renders the agreement void and is subsequently renewed. This disrupts the process of the business, as one of the decision makers is not available. In a limited company, the loss of any person, director or shareholder, does not disturb the continuity of the business or its structure. Similarly, a removal from office does not affect anything; any shares held by the deceased are sold or distributed to other persons according to the Articles of Association, formed at the start of the business.
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