2006-11-27 04:44:41 · 5 answers · asked by Alex R 1 in Local Businesses ➔ United Kingdom ➔ London
It depends on what type of service or business they are in, but the link below addresses some advantages and disadvantages.
http://en.wikipedia.org/wiki/Limited_liability_company
Check out this
2006-11-27 04:53:27 · answer #1 · answered by cowrepo 4 · 0⤊ 0⤋
COMPANIES HOUSE, is a place in london,wc2. They sell ltd business names. LTD does not affect the objective. It is just how the company operates.ie a ltd co must have 2 directors and 1 secutary. Asole trader, does not need to apply to these rules as a single person can run the company.
2006-11-28 02:51:32 · answer #2 · answered by siany warny 4 · 0⤊ 0⤋
Your best way to find out what a Ltd company does is to contact your local Small Business Centre and they will set it all out for you and you may get some help if you are setting up a business.
2006-11-27 05:31:45 · answer #3 · answered by small business owner 1 · 0⤊ 0⤋
The Memorandum and Articles of Association. These list the aims and objectives.
2006-11-27 04:47:16 · answer #4 · answered by Boring Old Fart 3 · 0⤊ 0⤋
To borrow as much money as possible knowing that no one person will have to pay it back if the company goe's broke !
2006-11-27 04:51:11 · answer #5 · answered by Anonymous · 0⤊ 0⤋