A limited company is generally strongly favoured by the taxation regulations. It is subject to tax but its profits are not normally subjected to higher rates of tax - unlike income tax.
When setting up as a limited company (preferably through Paramount Company Formations), you will need to consider shares and how much value is attributed to them.
After having registered your business, the next major decision is to whether or not you should then register for VAT - so you can then charge your customers.
* All timescales are dependent on how busy Companies House are and if their system is operating normally.
* All prices are plus VAT