Setting up a limited company takes less than a day online. Deciding whether you should is the harder part - and in 2026, the answer has changed for a lot of people. This guide walks through both. First, an honest look at when a limited company actually saves you money, with real 2026/27 figures. Then, if it's right for you, every step to get registered, set up with HMRC and pay yourself properly. It's part of our series of simple explainers, and pairs with our Sole Trader Tax