Step by step on how to set up your own limited company in the UK

For any aspiring entrepreneurs, listen to this episode for a step by step guide on everything you need to know on how to set up your own limited company. Ellie will go through the different options available to you as well as share essential need-to-know information for before you get started.

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Chapters

• 0:55 What is a limited company?
• 1:39 What are the advantages of running a business as a limited company?
• 4:03 What are the disadvantages of running a business as a limited company?
• 5:41 Do I need to hire a solicitor to set up a limited company?
• 6:16 Do I need to hire an accountant to set up a limited company?
• 6:58 Should I use a company formation agent for setting up a UK limited company?
• 7:31 Can I set up a new limited company by myself?
• 8:06 How much does it cost to set up a limited company in the UK?
• 8:31 How long does it take to set up a limited company in the UK?
• 9:24 Step by step on how to set up a limited company in the UK
• 9:40 Step 1. Decide on a company name
• 10:20 Step 2. Have at least one director who will be responsible for the company
• 10:51 Step 3. Appoint a company secretary if you would like to
• 11:46 Step 4. Determine your share capital and shareholders
• 13:02 Step 5. Collate your company documents
• 13:56 Step 6. Register with Companies House
• 14:19 What happens after I register my new limited company with Companies House?
• 14:50 What else needs to be done when I’ve set up a limited company?
• 16:55 What if I don’t want to run my limited company anymore?
• 17:42 Get help with setting up a new limited company in the UK