What kind of company to choose?

[toseemihan]

For running a new business you should think about the kind of company you would like to have. There are different types for it. i here mention four major types and a brief description about each one.
1. Private company limited by shares:
These companies are managed by the peoples who own the shares of the company and they themselves are the decision makers so any event results their own benefit or loss.
2. Private company limited by guarantee:
These companies do not have any shares and their managing is throughout sponsors. But the liability is limited to amount which the members are agreed to participate in the company’s properties if it is wound up.
3. Private unlimited company:
Again in this type there is no share but its difference is that in this type the liability of members is not limited.
4. Public limited company (plc):
This type of company has both the share capital and liability limitation.
In PLCs you can gain money by selling shares, you must have share capital of at least £50000 or the prescribed equivalent in euros, and have at least two directors and a qualified company secretary
So it's a good idea to think about it before you proceed for registering your new company.
Good luck