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UK private limited company

Let us know if you need help setting up a private limited company

A private limited company is a particular type of incorporated company. Unlike a public company, it has certain restrictions on its ownership, including a restriction on the sale of shares to the public.

Private limited companies and shares

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.

Advantages of setting up a private limited company

  • Contractors or freelancers can be set up in business with minimal risk
  • You can optimise your salary and earnings when compared to permanent employment
  • Tax liability can be reduced
  • Retained earnings can be reinvested in the company
  • Facilitates setting up a personal pension
 

To set up a private limited company or if you have related questions, our consultants can help with whatever you need.

We have some exciting news
for all our 1st Contact clients...

1st Contact is rebranding to Sable International!

For the last 18 months we've been merging with our big brother, Sable International. By the end of the year, we're going to complete the rebrand.

The accountants, brokers, advisors and caseworkers that you are used to dealing with will not be going anywhere as the entire 1st Contact team will be in the same roles at Sable International. You'll still get that same great service, just under a new name.

We'll be keeping you in the loop as we prepare for the next exciting phase in this rebranding.

If you have any questions, please feel free to contact us directly.

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