The Company's liability to creditors is limited by the amount of the share capital of the company.
The company is registered with companies house. the company is a separate legal entity from the shareholders and the directors of the company.
The company issues authorised shares to investors who pay for the shares to the company.
The company is taxed separately to it's shareholders.
The shareholders are rewarded by a distribution of the Profits of company after tax. The dividends paid are taxed on the individual shareholders, under self- assessment.
The company is run by the Board of Directors.
A company can be formed by one person, who can be a director and secretary of the company.
Please contact us if you need advise on the formation of a company and the benefits of running a company.