There are three main types of companies. They are:
- A private company limited by shares (members’ liability is limited to the unpaid share capital except where any personal guarantees have been given);
- A private company limited by guarantee (members’ liability limited to the amount undertaken to be contributed by members); and
- A private unlimited company (unlimited liability of members).
One interesting feature of a private limited as opposed to a PLC is that there is no minimum threshold of either the share capital requirement or the par value of those shares.
For assistance with the formation of a new company, please refer to Corporate Services. This also describes our domiciliation services in more details.