Limited Company Basics – Understanding the Essentials

Thinking about setting up a Limited Company, or already have one but aren’t sure if you’re doing things correctly?

Join Adrian from Ascentant Accountancy for a relaxed, jargon-free session designed to help you understand the essentials. We’ll cover everything from how a Limited Company operates to what’s expected of you as a Director — all explained in plain English.

You’ll learn:

• What a Limited Company actually is and how it differs from being a sole trader
• The roles of Directors and Shareholders
• How to register your company and what records you need to keep
• The basics of Corporation Tax and Companies House filing
• How to pay yourself through salary and dividends
• The most common mistakes new business owners make — and how to avoid them
• How to stay compliant and keep your business finances organised

By the end of this session, you’ll have a clear picture of how a Limited Company works and what to do next with confidence.

Whether you’re just starting out or want to make sure your company is set up correctly, this workshop will give you practical guidance you can put into action straight away.

👤 Who Should Attend

• Sole traders thinking of going Limited
• Freelancers and small business owners
• Anyone who wants to understand the financial and legal basics of running a Limited Company

🧾 Session Outline

• Welcome and overview
• What a Limited Company is
• Setting up and legal obligations
• Paying yourself and managing tax
• Compliance and common pitfalls
• Q&A and next steps