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Frequently asked questions - limited company formations

Below is a list of the questions we are asked most frequently about limited company formation. Please read them carefully before proceeding to set up a limited company.

If you have a question that you think should be included in this list, or you would like a free information pack on UK limited company formation, please contact us.

Frequently asked questions

Please click on a question to see the answer.

• Am I liable for the company's debts?
• Are there any disadvantages ?
• Are there compliance costs ?
• Are there different types of shares?
• Can a company issue bearer shares?
• Can I use any name ?
• Do I have to trade immediately ?
• How do I "go limited" ?
• What are pre-emption rights ?
• What are the running costs ?
• What are the set-up costs ?
• What if a shareholder refuses to pay ?
• What is a registered office ?
• What is authorised (share) capital ?
• What is Memorandum & Articles (M&A) ?
• What officers are needed ?
• What other advantages are there ?
• When do I pay for my shares?
• Which currencies can a share be?
• Who do I sell or give shares to?
• Who owns the company, and who runs it ?
• Will I need an accountant and an audit ?
• Will I need to fill in any forms ?