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Forming a company that’s legally separate from its owner(s) can be a good idea for numerous reasons – the most obvious being that it limits your own personal liability if things go wrong. However, other options have their upsides too; for example, if you work alone, operating as a sole trader is far simpler than setting up a limited company. Instead of rushing into a decision, do some research and think carefully about which setup will suit you best. See GOV.UK for more information on the different ways to set up a business.
Yes – if you have decided to form a limited company, you must register it with Companies House. This can be done online, via post or through an approved ‘formation agent’. Registration costs £100.
Yes. There is no requirement to hire an accountant before you set up a limited company, so if you’re confident that you know what you’re doing, you can handle the whole process yourself. However, a professional accountant can help to make the process much simpler by reducing your workload, making sure everything is in order, and streamlining the process as much as possible. This assistance may be especially useful if you’ve never formed a company before and have no experience of what’s involved.

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