UK Business Structures: Comparing Ltd, LLP, and Sole Trader
Detailed comparison of UK business structures: Ltd, LLP, and Sole Trader, covering taxes, liability, and essential characteristics.
What has been corrected on this page?
Every accepted correction to this page is recorded with the exact change, so readers can see how the page improved over time.
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Updated the registration cost row to reflect the current GBP 100 Companies House fee, and fixed an unverified "our analysts" authority-voice instance.
Before| Registration cost | 50 GBP | 50 GBP | Free |
After| Registration cost | 100 GBP | 100 GBP | Free |
Why: The Quick Comparison Overview table's Ltd/LLP registration cost row used the stale intermediate Companies House fee (GBP 50) instead of the current GBP 100 fee effective 1 February 2026.
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