If you're running a limited company, you'll need a separate business bank account as the company is its own legal entity, and its finances must be kept separate from the business owner or director.
While you're not legally required to have a business bank account as a sole trader, there are benefits to doing so. For instance, it enables you to keep your business finances separate, and your business accounting records organised.
If you’re running a limited company, you’ll need a separate business bank account as the company is its own legal entity, and its finances must be kept separate from the business owner or director.
While you’re not legally required to have a business bank account as a sole trader, there are benefits to doing so. For instance, it enables you to keep your business finances separate, and your business accounting records organised.
We walk through every step of the Limited Company registration process to help you understand whether you should start the limited company registration process.
- What is a Limited Company
- Limited Company Advantages
- Limited Company Disadvantages
- Registration process
- Limited Company filing requirements
- UK company structures
%20(1).webp)
Book a free 20 minute call with an accountant to talk though starting, registering or switching your company.
- Book a time online instantly
- Registering for VAT
- Self assessment
- Sole trader vs limited company
- Dividends and personal tax
- Registering your company
.webp)