United Kingdom: Operating a Business

United Kingdom flag United Kingdom: Operating a Business

Operating a Business

Legal Forms of Companies

Choose a legal structure for your business
Private limited company by shares or Ltd
Number of partners: One or more directors
Capital (max/min): No minimum share capital requirements, typically the minimum subscribed is GBP 1. The entire capital must be unlocked.
Shareholders and liability: Liability is limited to the amount contributed.
Public limited company (Plc)
Number of partners: One or more directors
Capital (max/min): Minimum share capital requirement is GBP 50,000 of which 25% must be paid-up
Shareholders and liability: Liability is limited to the amount contributed.
General partnership
Number of partners: At least two partners
Capital (max/min): No minimum capital requirements
Shareholders and liability: Partners' liability is joint and indefinite.
Limited liability partnership (LLP) or Limited partnership (LP)
Number of partners: At least two partners
Capital (max/min): No minimum capital requirements
Shareholders and liability: Liability is limited.
Community interest company
Number of partners: No minimum
Capital (max/min): No minimum capital requirements
Shareholders and liability: Partners' liability is joint and several
Unlimited company ou Unltd
Number of partners: No minimum
Capital (max/min): No minimum capital requirements
Shareholders and liability: Partners' liability is joint and several
The Competent Organisation
Companies House
Company Directories
Companies House website, Companies House incorporates and dissolves limited companies, registers the information companies are legally required to supply, and makes that information available to the public. Companies House is an executive agency, sponsored by the Department for Business, Innovation & Skills.
 
Setting Up a Company United Kingdom OECD
Procedures (number) 4.0 5.2
Time (days) 4.5 9.5

Source: Doing Business, 2016

 
Business Setup Procedures
Consult the Doing Business website, to know about procedures to start a Business in United Kingdom.
Trade Register

Find out more about Operating a Business in the United Kingdom on GlobalTrade.net, the Directory for International Trade Service Providers.

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Latest Update: May 2022

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