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We incorporate and dissolve limited companies. We register company
Most businesses register as a sole trader, limited company or partnership.
It''s simpler to set up as a sole trader.
Find out more about being a sole trader.
A partnership is the simplest way for 2 or more people to run a business together.
If you set up a partnership, you:
Find out more about being in a partnership and how to register.
If you form a limited company:
Some people get help from a professional, for example an accountant, but you can set up a company yourself.
You may have other responsibilities depending on what your business does.
Check what your responsibilities are if you:
If you rent or buy a property, you may have to pay business rates. Small businesses can apply for a discount on business rates and some may pay nothing.
Check if you can claim office, property and equipment as expenses.
If you take on agency workers or freelancers you have some responsibilities, for example their health and safety.
There are things you''ll need to do if you take on your own employees. You''ll have more responsibilities, including:
You can get help with setting up your business.
Availability of our contact centre and filing services over the 2024 to 2025 festive period.
The new regime will drive better compliance and supports the agency''s key objectives to improve the accuracy of the UK company register and crack down on misuse.
We incorporate and dissolve limited companies. We register company information and make it available to the public.
Companies House is an executive agency, sponsored by the Department for Business and Trade.
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Need help? Learn about SBA disaster assistance.
Your business structure affects how much youpay in taxes, your ability to raise money, the paperwork you need to file, and your personal liability.
You''ll need to choose a business structure before youregister your businesswith the state.Most businesses will also need toget atax ID numberand file for the appropriatelicenses and permits.
Choose carefully. While you may convert to a different business structure in the future, there may be restrictions based on your location. This could also result in tax consequences and unintended dissolution, among other complications.
Consulting with business counselors, attorneys, and accountants can prove helpful.
A sole proprietorship is easy to form and gives you complete control of your business.You''re automatically considered to be a sole proprietorship if you do business activities but don''t register as any other kind of business.
Sole proprietorships do not produce a separate business entity. This means your business assets and liabilities are not separate from your personal assets and liabilities.You can be held personally liable for the debts and obligations of the business. Sole proprietors are still able to get atrade name. It can also be hard to raise money because you can''t sell stock, and banks are hesitant to lend to sole proprietorships.
Sole proprietorships can be a good choice for low-risk businesses and owners who want to test their business idea before forming a more formal business.
Partnerships are the simplest structure for two or more people to own a business together.There are two common kinds of partnerships: limited partnerships (LP) and limited liability partnerships (LLP).
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