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A limited company is an organisation which is one of the most common types of legal entities you can set up to run you business in the UK. In general, a limited company is responsible in its own right for everything it does and its finances are separate to your personal finances/assets this is based on the traditional English doctrine of “Separate Legal Personality”. This means that the shareholders’ responsibilities for the company’s financial liabilities are limited to the value of shares that they own but haven’t paid for.
All profit it makes is owned by the company, after it pays Corporation Tax. The company can then share its profits by declaring the dividends to its shareholders.
In terms of ownership, every limited company has ‘members/shareholders’ or another organization (“Corporate Shareholders”) who own shares in the company. At least one director will need to be appointed to the company board and will have the responsible for the day-to-day running of the company management. Directors often own shares but they are not required to. Under the UK Companies Act only one director and shareholder is required to form a company and the positions can be undertaken the same person.
Our Nominee Officer Service package is different from our normal UK Private Company Limited by Shares formation package. Our Nominee Service Package offer a range of nominee officer service selections for clients to choose. There is no limitation as to how many nominee officer service you select and there is no hidden charges as our service charges are accounted accordingly with your personal selection on our nominee officer service.
Upon receipt of your order, we will draft the specific corporate documentations to legitimise the nominee officer service arrangement. The documentations we supply are as following:
Setting up a business involves a number of knowledge and steps that need to be followed if you want to get things right. At Archers, we help you to choose the most suitable business structure together with on-going business advice to ensure your business venture to achieve a positive result.
Using the Nominee Officer Service is good for business proprietors who would like to keep business trading private and remain anonymity from public record for commercial reasons. We guarantee that all records we hold for clients who use our Nominee Officer Service confidential in accordance to the UK ICO for Data Process standard policy.