This practical handbook, now in a throughly revised and updated 5th edition with a new chapter on completing your application, will help you understand the mechanics of running a limited company.Whether you have already started your business or are just embarking on it, you will find vital advice on the benefits and obligations of forming a limited compnay, and how to set one up and run it.There are deatailed explanations of the procedures involved, together with essential advice on dealing with statutory information, banking, PAYE, auditing and accounting. - INCLUDES UPDATED SAMPLE FORMS AND CHECKLISTS - COVERS BEST PRACTICE AND STATUTORY REGULATIONSContents: List of Illustrations; Preface; 1.Deciding what you want to do; 2. Setting up and forming your company; 3. Dealing with the formalities; 4. Completing your application; 5. Being a shareholder; 6. Being a director; 7. Preparing for business; 8. Producing accounts; 9. Raising money; 10. Troubleshooting; 11.Closing down; Glossary; Useful reading; Index.