When first starting a business, many small business owners will register as a sole trader. But, once the business has been trading for a little while, it might be time to find out how to set up a limited company. However, there are important considerations for any entrepreneur or business leader interested in setting up a limited company – including the cost of setting up a limited company , Get the complete guide to setting up a limited company. We explain every step, from choosing a name and share structure to setting up payroll., How do I set up my limited company, you ask yourself? Get the step-by-step info on what records you need to keep and how to register., Learn how to set up a limited company in the UK. From choosing a name to registering with Companies House, we've got you covered., A guide to setting up a limited company in the UK, explaining the tax benefits and responsibilities this structure brings for your small business. Learn more., Key takeaways Benefits and drawbacks of a limited company – A limited company offers tax benefits, liability protection, and credibility, but comes with higher admin costs and reduced privacy compared to being a sole trader. Types of limited companies – In the UK, businesses can set up as a limited by shares (most common) or limited by guarantee (for non-profits). Steps to setting up .