It's quick and easy to get started
It's now very easy to start a limited company. Long gone are the days of waiting weeks for Companies House to process the paperwork: now you can start a limited company in just a few hours. What's more, the cost of incorporating is an allowable expense against corporation tax.
The company has a separate legal identity
A limited company has its own legal identity. So third parties contract with the 'company' and not the individual directors and shareholders. This means companies survive the death of the owners and it's possible for the directors and shareholders involved with the company to change over time. A company's existence will only cease if it is formally dissolved, liquidated or by other order of the courts or Registrar of Companies. Amongst other benefits, this can provide more perceived security for employees than other business structures.