What are the benefits of setting up a limited by shares company?

The main advantage of a limited by shares company formation is the limited liability of its members (owners), who are able to share profits without personal liability for company debts. In addition to limited financial risk, limited companies also enjoy a range of tax benefits, are able to raise capital by selling company shares and elevated corporate status. Limited by shares companies are also subject to perpetual succession, which means they will continue to exist even in the event of an owner’s death or a transfer of shares.