Starting A Company FAQs
Limited Companies FAQ's - Limited liability can protect the owner of a company from personal loss or even bankruptcy, which a sole trader could not avoid.
PLC Companies FAQ's - Owning a PLC offers prestige and status. PLC companies do not have to be listed on the Stock Exchange or Alternative Investment Market and many PLC shareholders/directors choose to retain control over their company at all times.
Guarantee Companies FAQ's - Guarantee companies are usually run for the benefit of members of a club or association to raise funds for the benefit of others. The "guarantors" give a personal amount they will pay in the event the company fails and owes debts. If they wish, members can give an unlimited guarantee and be responsible for all debts.
LLP Companies FAQ's - Limited Liability Partnerships (LLPs) are a new way of organising a business. Whilst the business is legally a body corporate, the partners can limit their personal liability and avoid putting their personal assets at risk.