If you are planning for Business register UK, there are three different options for you. Setting up a business of your own might be tricky and selecting the type of business entity you will be using is trickier. You need to consider a lot of different aspects before you select the type. Each type has their own benefits and weak points. The business types you can select in the UK includes the following:
1. Sole trader:
The first option for Business register UK you have is developing a business as a sole trader. It is the most common type that is used by a lot of people. As a sole trader, you will be the one who is responsible for the functioning of your business. Moreover, the profit will remain with you after the payment of debt and tax. The pros of becoming a sole trader include an easy set up and full control on the processes of business.
2. Private limited company:
The next option you have for your business is creating a private limited company. With LTD you will be able to handle the processes of your business in an effective way. However, a private limited company must have a director and at least one share, holder.
3. Public limited company:
The last option that you can utilise for Business register UK is a public limited company in which the liability of the partners is limited to the amount they have invested and the value of their shares in the company. Its shares can be traded in the public market.
Our company provides business registration services to the people for the past 10 years at a very affordable price. Do contact us to complete the registration of your business easily.