Registering a business is, after choosing its nature, the first and most important duty of every new entrepreneur. British Limited companies, often abbreviated as Ltd, are businesses where the financial liability of the entity is limited to a predetermined amount.
A Limited company can be established by any UK resident, not necessarily a British citizen or permanent resident. An Ltd business is regulated by Companies House (the official company registration authority) and His Majesty’s Revenue & Customs (HMRC), the UK tax office. Every Ltd company must have a director (the requirement to appoint a company secretary was abolished in 2009), who is considered an employee of the company.
All the above formalities, as well as any individual matters that may arise during a consultation with our tax expert — can be handled at the MB TAX ADVICE LTD office, located at 162D High Street, Hounslow, TW3 1BQ. You’ll also receive answers to any questions you may have, including those regarding tax refunds in the UK. So, valuing your time and money, book an appointment today.
Limited company accounting: