Description

Nature of an LTD:

Ltd is the most popular company form in the UK. This is proven by the fact that the owner and the director can be one person at a time. If more than one person is setting up a company, you need to determine who the owner will be and who will be the director of the company. The owner cannot be involved in the management of the company because the director is appointed for this purpose. The director is also the one who holds the company’s bank account.

As the company issues shares, it is easy to get an investor into the company. If you want to get listed on the stock market you need to switch to PLC (Public limited Company).