In the United Kingdom, there are four types of companies you may start.
- Private Company Limited by Shares (Ltd) – A class of private limited companies that have shareholders with limited liability and its shares may not be accessible to the common public.
- Private Company Limited by Guarantee – A type of corporation that doesn’t have a shareholder, but the members act as guarantors.
- Private Unlimited Company – A hybrid corporation combined with or without share capital. Here, the legal liability of members or shareholders is not limited.
- Private Company Limited by Shares (plc) – A limited liability company whose share may be freely sold to the common public through a stock exchange.
Your business category can be anything but UK Company registration (Package) is the most important work you need to do.