Starting a company in the UK demands strategic planning and the right structure. Essential steps include selecting a structure, registering your business, and understanding legal differences.
Choosing the correct company structure is crucial; options include sole trader, partnerships, or limited companies. This decision impacts your legal obligations and personal asset protection.
When registering a limited company, essential documents like the Memorandum of Association and Articles of Association define your business's operational scope and governance.
For sole traders, registration with HMRC is straightforward compared to the more complex incorporation process required for limited companies via Companies House.
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