A limited company considered as a form in incorporation that limits the liability amount undertaken by shareholders of the company. Such company commonly known as a limited liability company (LLC). A limited company formation separates the shareholders form the debts of the company. Hence, if the company suffer financial loses during normal business activities, the personal assets of shareholders cannot be used by creditors. Beacuse, a number of such companies passed down through generations, ownership transfer considered as an easy process in a limited company. Such a company provides protection to company members during business-related lawsuits by securing their personal assets. A limited company considered as the ideal form for a person who is forming the company for the first time as it protects financial welfare of the company members. Even, during bankruptcy the assets that can be seized also limited. Apart from providing security to personal assets, it offers a number of advantages in the form of tax benefits, opportunities for saving money, as well as, the benefits that the government offers. Such a company formation also requires less paper work along with requirements relating to holding formal meetings and keeping records as compared to other company forms.

A limited company formation process require selecting the name as the first step. A person must take care that the name must not be identical with any existing company. For this, he can take the help from the Companies House. By the use of this website, one can have a look at all the existing company names. One must also take utmost care that the name of a limited company must end with "Ltd." A number of people choose to form a limited company by themselves, but one can also take the help of a business start-up firm. These firms offer help in the allocation of shares, as well as, guide throughout about the process of company formation and the legalities.

Nowadays, the availability of the Internet has made it possible to online form a limited company in a quick and inexpensive way. One just need to connect to the Internet and take a print out of the required documents. Once these documents filled up, they need to sent back to them. One more convenient way to form a limited company relates to taking the assistance of a business start-up firm. Here, the ownership can be easily transferred to one's name after depositing the fee. All transactions completed online. Then there are company registrations agent who are professional, fast and have experience of many years. Hence, it becomes an easy process to form a limited company with the availability of so many options.