There are several different kinds of limited companies available to set up in the UK. Limited companies are the second most popular business structure in the UK, only coming second to sole traders. The type of limited company structure chosen for a business will depend on various factors such as the number of shareholders, the responsibility that the shareholders have and the level of involvement by the public. Each has their own benefits, so each business will need to decide what is the most suitable structure for them.
limited liability partnership
An LLP provides its members with limited liability (like a limited company), but they are taxed in a similar way to self employed partners. It is a popular business structure in professional occupations, such as accountancy and legal industries.