Private Limited Company

A private limited company is a particular type of incorporated company.
Unlike a public company, a private limited company has certain restrictions on its ownership, which restricts the sale of shares to the public. Shares in the company are allocated to individuals or companies who collectively own the limited company and the shareholders’ liability is limited by law to the value of the shares.
In this way private limited companies protect their shareholders from financial liability to some extent.

Contractors in the UK – Private Limited Company Advantages

• Contractors or freelancers can be set up in business with minimal risk
• Private limited companies provide a means of optimising salary and earnings
• Tax liability can be reduced through the use of limited companies
• Retained earnings can be reinvested in the company
• A private limited company provides a means of setting up a personal pension

Complementary Limited Company Services

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