Operating a Business
Legal Forms of Companies
- Choose a legal structure for your business
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- Private limited company by shares or Ltd
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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)
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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
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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)
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Number of partners: At least two partners
Capital (max/min): No minimum capital requirements
Shareholders and liability: Liability is limited.
- Community interest company
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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
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Number of partners: No minimum
Capital (max/min): No minimum capital requirements
Shareholders and liability: Partners' liability is joint and several
- The Competent Organisation
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Companies House
- Company Directories
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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
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Consult the Doing Business website, to know about procedures to start a Business in United Kingdom.
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Latest Update: June 2022