York Place Guide to Incorporation
 Why incorporate?
 The York Place difference
Companies  Limited Liability Partnerships
There are 3 types of company currently available under the Companies Act 2006:
  1. Companies limited by shares
    • Private company: The most common form of incorporation and suitable for most business purposes
    • Public company: A company which can raise funds from the general public, with the enhanced status that 'plc' offers
    • A share company can also be used for a:

      Residents or industrial unit management company: To own the freehold of and manage a residential or industrial development
      Subsidiary company: a private limited company with articles amended to consolidate the power of the holding company. A version is available for the trading company of a charity and other business set-ups can be tailored

  2. Companies limited by guarantee
      A company with no share capital whose liability is limited to a fixed sum guaranteed by the members - suitable for companies whose profits are put back into the company and not distributed to members, eg charities, social and leisure clubs.

  3. Unlimited companies

There is an additional corporate vehicle permitted under the Limited Liability Partnerships Act 2000.The Limited Liability Partnership (LLP), a hybrid between a company and a partnership offers limited liability protection to its members and the flexibility of management and the taxation structure of a partnership.

Download an LLP order form (pdf)

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