What's the difference between a Company and a LTD Company?

Question

I am just starting a new venture and have decided on a company name....should i register as a company or a Ltd Company ???

Answer 1

that really depends on a number of things, i am a little unsure if you have really thought about this or know a great deal if you are asking that kind of question.

Do u want to have to disclose your accounts?

Do you want limited liability?

Also, to incorporate a company in the UK (other than Northern Ireland) the following documents, together with the registration fee, must be sent to to the Registrar of Companies:

The memorandum of association

The articles of association

Form 10

Form 12

I would really suggest you learn abit  more, perhaps visit your bank?

Answer 2

I think for your purposes they are the same thing. A limited company limits its shareholders liability to their original investment. Why not do this if you can. The decision you need to make is Limited Company or sole trader/partnership, for certain very low risk businesses ( say a dentist) their are advantages in not forming a company

Answer 3

A limited company is limited to the amount of liablity it is to pay if things goes belly up.

Usually the limit is or was £100,000

An unlimited company is liable for ALL its debts when it goes belly up , even if it runs into millions of pounds