Set Up A Limited Company

Which company structure should I choose?

Before registering a new company, you first need to decide which structure you’d prefer. As part of our service, we’ll help advise you based on your individual requirements, so we set up your limited company with the best structure to meet your needs.

The three main types of legal entity are a Private Limited Company (“Limited” or “LTD”), a Limited Liability Partnership (LLP) and a Company Limited by Guarantee:

Private Limited Company:

The most common type of company incorporation
Primarily used for businesses that are set-up to generate profit for the owner(s) of the business
Protects personal assets by limiting financial liability to the value of the share(s) in the business

LLP:

Mainly used for professionals and consultants who want to keep the flexibility of a traditional partnership, but want to limit their liability so that personal finances are protected should the business encounter financial difficulties
An LLP also offers flexible tax benefits, and the business won’t pay corporation tax as each business partner is responsible for paying tax through their self-assessment tax return

Company Limited by Guarantee:

Often used by non-profit organisations in the UK, for example, membership organisations, charities and sports clubs
This type of company structure protects the personal finances of the company owners in the same way a Private Limited company protects shareholders – although instead of shareholders and shares this structure has guarantors and guarantees
Profits are typically re-invested back into the company. Although guarantors can take profits from the company, doing so will mean any charitable status will be relinquished

Testimonials

DS Burge & Co

5.0 Stars - Based on 193 User Reviews

Always an excellent service, accuracy, timeliness and reminders from Darius and team

Lidia M.
12/26/2023
DS Burge & Co have handled our small business and personal accounts for several years. They have always responded to any requests promptly and professionally and they have always provided tailored and considered advice.

Alan N.
7/20/2021
Kieran and his team have always been very responsive and have known answers immediately to all sorts of unusual questions I have posed to them. I highly recommend their services.

Chloe P.
1/26/2022
I’ve been working with the Team for over 30 years and can only compliment them on their service and support

Kit M.
7/03/2021
I am a book keeper and have worked with DS Burge & Co Accountants via a number of clients for a few years now. I have always found them to be friendly, incredibly knowledgeable, helpful and quick to respond to queries. Indeed, Kieran has often gone above and beyond to resolve queries that I have had. I would definitely recommend them and have to some of my clients, who are also very satisfied with the service that they have received.

Tamsin V.
1/26/2022
Kieran and his team are the best accountants I've ever had! Their advice is always above and beyond

Helene M.
1/26/2022
We have been working with Kieran for coming up to a year now. From the outset we found the service to be highly professional and supportive. The company are quick to respond to enquiries and go out of their way to support us as a client. They have helped our new adminstrator get on top of her bookeeping, which has been invaluable.

Rob W.
1/26/2022
Very professional, reasonable and nice people!

Dr. D.
1/26/2022
I’ve been using Kieran from DS Burge & co for a number of years now and I can’t rate them highly enough. I had never used a professional accountant for my self assessment before, so was anxious at how it would work and what to expect. Kieran was fantastic, he put me at ease immediately and was great at explaining everything to me, and answered all my questions in a clear and extremely helpful way. Since our initial meet, he had always been incredibly responsive to any emails or calls from me. Very professional, super responsive, great service. I wouldn’t use anyone else.

Emma K.
4/18/2021
Darius Burge has been my accountant since I started my own business in 1990 later changing over to DRS London Ltd. The advice and guidance from D S Burge & Co throughout the years and continues has been excellent

Colin R.
7/20/2021
I have been dealing with Kieran at DS Burge & Co for some time and have been very pleased with the service offered. I would highly recommended the company.

Jeremy C.
1/12/2024
DS Burge & Co are an essential support. They are responsive, professional, practical and trustworthy. It is a pleasure dealing with every member of the team.

Lucy B.
7/27/2021
Very efficient and easily accessible. Responds quickly to communication. I would recommend to others.

Cath G.
1/26/2020
We have used the services of DS Burge for about a year. We have been extremely pleased with the level of service we receive from them. Their staff are very professional, and we highly recommend them.

Firoza C.
2/17/2024
Having struggled to find an accountant who was competent using Xero, we have been delighted with the knowledge and assistance given by Kieran. He is always prompt to respond to any queries and we are very happy with the service provided.

Vicki d.
1/26/2022

What do you need to register a limited company?

To register a limited company in the UK, you’ll require the following details:

Memorandum of Association: business name, location, and business activity type (SIC Code)
Directors names, addresses, and the registered address of your new limited company (as part of our company secretarial services you can use our Surbiton address if you’d prefer
A list of share capital and shareholder details along with any people of significant control (PSC) – you need at least one shareholder allocated at least one share
Articles of Association: outlines the director’s powers and shareholder rights. Most companies use the Model Articles of Association for this.

When picking your company name, we’ll need to check the Companies House register that it is unique and not already registered to another business.

There are also certain words that Companies House list as ‘sensitive’, which means to register this type of name you’ll need permission for the relevant authority. Examples are “Dental” or “Royal”.

We’ll also need you to provide proof of ID and proof of address. This is to comply with Anti-Money Laundering (AML) regulations and ‘Know Your Customer’ (KYC) requirements.

We also recommend that you set-up a business bank account, and we can help advise on suitable services.

DS Burge & Co