AKCOMPANY1 LTD

A limited company is legally separate from the people who own it. A company director is responsible for running the business. A limited company has ‘limited liability’ which means owners are responsible for business debts only up to the value of their financial investment. There are rules to follow when taking money out of a limited company. Limited companies can apply for business loans and investments. Directors have responsibilities they must follow when running the company including: keeping company and accounting records, checking the information Companies House has about the company is correct in a confirmation statement, and filing accounts and tax returns for the company.