Private Limited Partnerships
October 26, 2022 ⚊ 1 Min read ⚊ Views 94 ⚊ BLOG
Private limited corporations are legal entities that allow you to conduct business. As such, they must be registered with Companies House and are subject to yearly filing and taxation requirements.
A private limited company is a type of organisation that you can form to run your own business. The company is divided into shares that are owned by shareholders. A corporation must pay corporation tax on any profits and then distribute the remainder to shareholders. It is managed by directors, who are legally obligated to carry out certain tasks on behalf of the company and its shareholders.
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