Mistake #1: Choosing “limited by guarantee” instead of “limited by shares” without understanding what that means.
Mistake #2: Mixing different business activities under the same company, which can cause accounting, tax, and legal problems.
Mistake #3: Ignoring email reminders from Companies House about filing the confirmation statement and accounts.
Mistake #4: Setting up a limited company with only one director and one shareholder, which can create legal and tax issues in case of death or incapacity.
Mistake #5: Not using model articles when forming the company and instead using a template from the internet.