Essential guides & tips
Company structures
Not sure which structure to choose when setting up your business? Explore the key features of UK limited companies, partnerships, and other legal structures. Learn how each one works, who it's for, and the obligations involved.
Choosing between a variety of company structures can feel daunting for new founders, but the choice becomes clearer once you understand what each option covers and who it is designed for. Our expert company structure guides give you a simple overview of each one, so you can quickly identify the best option for your needs, whether it’s a solo endeavour, an equal partnership, a non-profit, or a larger organisation.
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Is it worth forming a limited company? The insider’s guide
Forming a limited company is often worth it for those seeking personal asset protection, and aiming for a more credible, tax-efficient business structure. Key benefits include limited liability, brand name protection, and flexible income options. For growing businesses, freelancers, and professional services, incorporation supports scalability, trust, and long-term success, yet it comes with added admin and legal responsibilities.
Benefits of converting an LLP to a limited company
Converting from an LLP to a limited company provides significant benefits, including more favourable tax treatment on retained profits and dividends, structural simplicity, easier access to investment, and enhanced limited liability protections. This transition is particularly advantageous for professional services firms looking to expand and secure funding.