What is a Limited Company in the UK?

The Limited Company is the company where the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. The Limited Company is separate from
its owners and hence, it can enter into contracts in its name and the company will be responsible for its actions, finances and liability. Also, The limited company is considered as Legal person.
The Limited company in the UK can be incorporated at the Company house (UK registrar of companies).
There are two types of Limited Company that can be incorporated in the UK as follows:

Limited Company by shares: Limited by shares companies are owned by one or more shareholders and managed by one or more directors.

Limited Company by guarantee: Limited by guarantee companies are owned by one or more guarantors and managed by one or more directors.
In the UK, registering your business as a Limited company is very beneficial. However, the process of the formation of Limited Company is complex and hence requires to be handled carefully.

Minimum Requirement for starting an incorporation process for the Limited Company in the UK:
★ A name for the company
★ An address for the company – this can be any UK address
★ At least one director – this person does not need to be a UK resident
★ At least one shareholder – this can be an individual or another company

Required Documents:
★ Telephone number
★ National insurance number in case of Director is from UK
★ ID proof, Address proof and Tax ID proof in case of Indian National
&straf; Registered office – your company’s official address
★ Director information – name, date of birth, nationality, occupation, service address, residential address (Proof of the same)
★ Shareholder/Share information – name, number of shares held, currency of shares, value of shares (Proof of the same)
★ Copy of the Passport in case of non-resident
★ A copy of Driving License