
Limited Company Guidance
Everything you need to know about running a UK limited company, setup, tax, legal duties, dividends, VAT, and closing a company, all in one place.
We provide comprehensive guidance articles on various Limited Company topics, equipping you with the knowledge you need to make key decisions.
Thinking of starting or already running a limited company in the UK? Whether you're a new director, switching from sole trader status, or simply want to understand your responsibilities, this guide covers it all. From company formation and tax rules to paying yourself and dealing with Companies House, our expert insights will help you navigate every stage with confidence.
We’ve broken down key topics like dividends, VAT, capital gains, and company law into simple, actionable guidance so you can focus on running your business, not second-guessing the admin.
Most Searched Limited Company Topics
Can a Limited Company Buy a House?
Yes but there are tax and mortgage implications. Learn whether a limited company can buy a house, and why some landlords and investors choose this route.
Can a Limited Company Rent a Residential Property?
It’s possible for business use, but not for directors to live in. Find out whether a limited company can rent a residential property, and what HMRC says about it.
Can I Do My Own Accounts for a Limited Company?
You’re allowed to but it can be risky. Discover whether you can do your own accounts for a limited company, and when to call in a professional.
Can I Sell My House to My Limited Company?
Yes, but it must be a fair market transaction. Learn how to sell your house to your limited company, and what stamp duty or tax applies.
Can My Wife Take Half My Limited Company?
Divorce settlements can include business assets. Find out if your wife can take half your limited company, and how courts assess its value.
Do I Need an Accountant as a Limited Company?
It’s not mandatory but highly recommended. Discover whether you need an accountant as a limited company, especially if you're unfamiliar with tax law.
Do Limited Companies Pay Capital Gains Tax?
They don’t but they do pay corporation tax on profits. Learn how capital gains are taxed in limited companies, and what this means for property and shares.
Do Limited Companies Pay Stamp Duty?
Yes and they often pay the 3% surcharge too. Find out whether limited companies pay stamp duty, and how it differs from personal buyers.
Does a Limited Company Have to Be VAT Registered?
Only if turnover exceeds £90,000 (2024/25). Learn when a limited company has to be VAT registered, and why some register voluntarily.
How Long Does It Take to Set Up Limited Company?
With Companies House, it can be done in 24 hours. Learn how long it takes to set up a limited company, and what documents you’ll need.
How Much Does It Cost to Form a Limited Company?
It can be done from £12 online but extras may apply. Find out how much it costs to form a limited company, with or without help.
How to Buy a House Through a Limited Company
It’s a popular structure for landlords. Learn how to buy a house through a limited company, and what lenders and solicitors will ask for.
How to Change from Sole Trader to Limited Company
The switch involves HMRC, Companies House, and bank accounts. Discover how to change from sole trader to limited company, and why many do it for tax efficiency.
How to Close a Limited Company
You can strike it off or liquidate depending on its finances. Learn how to close a limited company, and what needs to be filed.
How to Close a Limited Company That Never Traded
A dormant company can usually be closed quickly. Find out how to close a limited company that never traded, and whether you still need to notify HMRC.
How to Pay Myself from Limited Company
Salary, dividends, or both? Discover how to pay yourself from a limited company, and the most tax-efficient methods.
How to Pay Yourself Dividends from Your Limited Company
Dividends must follow a process. Learn how to pay yourself dividends from your limited company, and what paperwork is needed.
How to Resign as a Director of a Limited Company
It’s straightforward but make sure it’s documented. Find out how to resign as a director of a limited company, and how to notify Companies House.
How to Set Up a Limited Company
You can register online in under an hour. Learn how to set up a limited company, from choosing a name to appointing directors.
How to Set Up a Limited Company to Buy Property
Many landlords do this for tax planning. Discover how to set up a limited company to buy property, and what to tell your accountant.
How to Value a Limited Company UK
Company value can be based on assets, revenue, or future earnings. Learn how to value a limited company in the UK, whether for sale, divorce, or investment.
Is a Limited Company a Private Company?
Yes unless it’s listed on a stock exchange. Find out if a limited company is a private company, and what distinguishes it from public ones.
Is Reform UK a Limited Company?
Some political parties are structured this way. Learn whether Reform UK is a limited company, and how its legal status is recorded at Companies House.
Is the Conservative Party a Limited Company?
Political groups have unique structures. Discover whether the Conservative Party is a limited company, and how it's governed.
Is the Labour Party a Limited Company?
We explain whether the Labour Party is a limited company, and how UK political party finances are managed.
What Can I Claim VAT Back on Limited Company?
You can claim VAT on goods and services used for business. Learn what a limited company can claim VAT back on, including fuel, office costs, and more.
What Happens When a Director Resigns from a Limited Company?
Resignation affects control and compliance. Discover what happens when a director resigns from a limited company, including voting rights and responsibilities.
What Is a Company Limited by Guarantee?
Used by charities and non-profits, it has no shareholders. Find out what a company limited by guarantee is, and how it differs from standard LTDs.
What Is a Limited Company?
A limited company is a legal entity that’s separate from its owners. Learn what a limited company is, and why it’s a popular structure in the UK.
What Is a Private Limited Company?
This is the most common business structure in the UK. Discover what a private limited company is, and how it compares to other company types.
What Is a Public Limited Company?
PLCs can offer shares to the public. Learn what a public limited company is, and what requirements they must meet to list.
What Is Meant by Limited Company?
‘Limited’ means limited liability for shareholders. Find out what is meant by a limited company, and why it matters for business risk.
What Is Private Limited Company?
These companies are privately held and not listed. Learn what a private limited company is, and how ownership is controlled.
What Is Private Limited Liability Company?
This term is often used interchangeably with LTD. Discover what a private limited liability company is, and how it protects owners.
How to Run a Company Successfully
Success depends on planning, finances, and leadership. Learn how to run a company successfully, and the habits of high-performing directors.
Cost of Running a Company
Ongoing costs include accounting, taxes, and compliance. Find out what the cost of running a company is, and how to budget realistically.
What Is an LLP?
A Limited Liability Partnership combines flexibility with protection. Discover what an LLP is, how it’s taxed, and who uses it.
Does LLP Pay Corporation Tax?
LLPs are taxed differently from LTDs. Learn whether LLPs pay corporation tax, and how income is treated for members.
What Is an LP?
Limited Partnerships have general and limited partners. Find out what an LP is, and how liability and control are split.
What Does LP Stand For?
LP stands for Limited Partnership, a structure with passive investors. Learn what LP means, and how it compares to LLP and LTD.
What Is a Company Law?
Company law governs how companies are formed, managed, and dissolved. Discover what company law is, and which laws apply to UK businesses.
Corporate Company Law
This refers to the legal framework for large businesses. Learn what corporate company law covers, including governance, directors' duties, and shareholder rights.
Public Limited Company Law
PLCs have additional legal requirements. Discover what public limited company law involves, from disclosure rules to AGMs.
Company Law 2006
This Act modernised UK company law. Find out what the Companies Act 2006 is, and why it matters for every registered business.
Jersey Company Law
Jersey offers flexible corporate laws. Learn what Jersey company law is, and how it differs from UK regulation.
Guernsey Company Law
Another popular offshore regime. Discover how Guernsey company law works, especially for funds and holding companies.
Articles of Association in Company Law
This document sets the company’s internal rules. Learn what articles of association are in company law, and why they’re essential for directors.
Cayman Companies Law
Cayman is a global offshore centre. Find out what Cayman companies law covers, and how it attracts international business.
Company Law vs Commercial Law
They’re closely related but different in scope. Discover the difference between company law and commercial law, and when each applies. are standard-rated.
Help is Just a Message Away
At Towerstone Accountants, we’re committed to providing exceptional service and tailored advice to meet your personal and business financial needs. Whether you’re looking for help with tax planning, bookkeeping, or corporate accounting, our team is here to assist you.
ONLINE CONTACT FORM