123 Formations Information

Simple company formation from £4.99 Over 300,000 companies formed in the UK. Experience you can trust. Use our impressive address as your company's registered office Private limited companies The majority of new company formations in the UK are companies limited by shares. This is the standard ‘LTD’ business structure for any company which has been formed with the intention of generating profit for the owners of the business. It is remarkably popular because it allows the sharing of profits amongst the shareholders whilst also offering restricted financial liability. The shareholders are only responsible for company debts up to the value of the shares they hold in the company. So their personal assets will be protected, should the company encounter any financial difficulties. We offer a selection of company formation packages designed to make setting up a private company as simple and straightforward as possible. Limited liability partnerships (LLPs) The LLP structure is often used by those forming a company in industries which traditionally operate as partnerships, such as law practices or accountancy firms. The primary benefit of an LLP over a traditional partnership is the limited liability protection which it provides for the company partners - meaning their personal finances are protected in the event of the company encountering difficulties. An LLP is also beneficial as it allows the company partners to remain separate to some extent – each partner is responsible for paying their own individual income tax via Self-Assessment, rather than the business being responsible for paying corporation tax. As your chosen company formation agents, we are available and ready to support you every step of the way; from tentative initial enquires, to helping you choose a package, to getting you through the online application form. We are happy to tell you that 99% of all calls to our customer service team Are you ready to set up your UK company?