The Limited Liability Company

A Limited Company is a type of business entity that has been registered or ‘incorporated’ with Companies House.

Several other terms are used to describe a Limited Company:

• Personal Service Company (PSC)
• Limited Liability Company
• Single Person Limited Company

A Limited Company should not to be confused with a Limited Liability Partnership.

Setting up as a Limited Company is an attractive option for many people. Unlike a sole trader, personal assets are distinct from company finances, so there is no risk to loss of personal assets though a Limited Company setup.  

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