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The UK has evolved to become one of the most preferred nations by many people across borders. The people visit the UK for business as well as holiday purposes. The people who visit the UK once, feel like staying in a pleasant land for a more extended term.

The business industry in the UK is also in a favorable condition and helps most people to work independently and prosper in life. The happy and prosperous life in the UK attracts most people to stay in the nation.

The company formation laws in the UK are a bit complex to be easily understood by a layperson. The limited company formation procedures can be carried out effectively with the help of professional service providers. 

The limited company formation could be broadly classified into the company "limited by shares" and "limited by guarantee".

The "limited by shares" companies are usually companies that make a profit. 

The company that is considered to be "limited by shares" are:-

• The company is legally separate from the people who run the firm.
• The company has separate finances than the personal finances of the owners.
• The company has shares and shareholders. 

• The company is eligible to keep all the profits remaining after paying the taxes. 

The company that is considered to be "limited by guarantee" are:-

The company is usually not for profit. 

• The company is legally separate from the people who run it. 
• The company has separate finances than the personal finances of the owners.
• The company has guarantors and guaranteed amounts. 
• The company invests profits back into the company. 

 The limited company registration UK can be carried out efficiently with the help of professional service providers. 

 SK Accountants & Tax Consultants Ltd is a well-established, highly respected firm of accountants. The limited company registration services UK are provided by SK Consultants.

We have been providing our clients with personal, tax-efficient advice and planning, payroll and accountancy services since 2017. We are an enlightened and proactive firm of accountants who are driven to deliver a reliable, comprehensive service at affordable prices.