A fast and efficient incorporation service that maintains the specialist and expert advice that Elemental CoSec is renowned for
Available incorporations (please click below to see more detail):
This is the most common form of corporate vehicle in the UK and it is generally the preferred option for most trading businesses. The company can be incorporated using the Company Model Articles or using Elemental Cosec’s own standard articles free of charge. Please see the articles of association page
for more details.
A public limited company is a company that has the ability to offer its shares to the public. However, PLCs often choose not to do this and they can be owned privately by just a few shareholders. In these instances it is generally felt that it adds to the prestige and image of the company.
There are various restrictions that apply to a PLC that don’t apply to a private limited company including that:
- it must have £50,000 of allotted shares (£12,500 of which must be paid up);
- it cannot dispense with AGMs; and
- it must have a formal company secretary.
Not a common form for a trading company as the liability of the members is unlimited but it is sometimes used in structures for tax planning or where confidentiality is key.
Companies limited by guarantee are often suitable for non-trading or not-for-profit activities such as clubs, societies, trade associations, scientific or research or educational institutions. They are also often used as the vehicle for charitable companies.
Limited liability partnerships combine the benefits of corporate status (i.e. having a legal personality separate from its members) and unlimited capacity with the protection of limited liability for members and the ability to operate and have the same tax status as a traditional partnership.
In addition, LLPs are under no obligation to file a constitution at Companies House, and therefore their profit-sharing arrangements, decision-making structure, exit provisions and other internal rules remain private between the members.
LLPs are popular with professional practices such as lawyers, accountants and surveyors, but are also used in other circumstances where their flexibility or special tax status may be more advantageous than a traditional limited company.