• How to Form a UK Company

    51,967 views 4 years ago
    Brought to you by: http://www.madesimplegroup..... Mathew looks at how to start a business online at http://www.companiesmadesim....

    Script: Starting a UK limited company is simple. Very often the only hurdle that gets in the way is jargon; ‘company-speak’ that formation agents, accountants and Companies House (the UK’s registrar of companies - we’re busting jargon already!) continually drop onto websites and into conversations. In this, our latest StartUp TV, we look at exactly how simple it is is to form a UK company limited by shares … don’t worry, we explain what that means too!

    A private company limited by shares is a very popular company structure. This is for two main reasons:

    Tax Benefits
    Limited Liability - this means, if it all goes wrong, the owners do not have to pay out of their own pockets, their liability is limited to the amount of shares they own, hence company limited by shares

    Unique Company Name

    The Company Formation MadeSimple http://www.companiesmadesim... homepage has a ‘company name availability’ search box. Simply enter your proposed company name and we’ll immediately let you know if your name is available.

    The company name must be unique, can not be too similar to another company and should also not contain any ‘sensitive words or expressions’. These are a collection of words that Companies House will not allow you to use without permission from a particular body. For example, you can’t use the word ‘Dental’ in a company name without permission from The General Dental Council.

    See here for a full list of these sensitive words and expressions.

    Please note, your company name must end in Limited or Ltd (you can choose which version you prefer).

    Company Formation Packages

    The next step is to select your package. We offer five different packages:

    Basic (£16.99 plus VAT)
    Printed (£29.99 plus VAT)
    Privacy (£49.99 plus VAT)
    Comprehensive (£89.99 plus VAT)
    Ultimate (£159.99 plus VAT)

    It’s worth mentioning that the above prices all include the £13 Companies House filing fee - it’s for this reason that when you add VAT to the prices, the figure appears to not quite match up. This is simply because we’re removing the £13 fee before adding the VAT.

    The Registered Office

    Now the first step in the actual company formation process is to add a registered office address.

    This is the official address for the company and where Companies House and Her Majesty's Revenue and Customs (HMRC) will send all company documentation.

    Important information about the registered office:

    It is on the public register (and so easy for anyone to find)
    It must be in the UK
    Directors (more on these in the next step) must be ‘contactable’ from the address - this means if mail is sent to the address, it must be forwarded on
    Permission from the property owner should be granted before using an address as the registered office, so whilst it’s fine to use a residential address (we point you back to the public register note), you must have permission from the landlord

    Directors

    Now you need to appoint at least one director. Directors are tasked with the running of the company. To appoint a director you need the following information:

    Full name
    Date of birth
    Occupation
    Service address - similar to the registered office, this is the official address for the director and is on the public register
    Residential address - this must be the actual residential address but it is not on the public register (unless you use a residential address as the service address)

    MadeSimple offers business products and services to start-up companies and small businesses.

    Founded in the United Kingdom in 2002, we now run more than 8 websites. Our services include Company Formation, Virtual Offices, Mail Forwarding, Business Training and Company Credit Reports.

    Subscribe to our channel for small business tips and advice. Show less
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    Want to work in the heart of London's startup scene? At Workhub you can rent desk space at a fraction of the cost usually associated with having your own office. Perfect for new and small businesses!

    Want flexible coworking for your business? Book a tour through our website now!

    https://www.workhubmadesimple.com/

    Moneypenny Workhub is located in MadeSimple Group's offices. MadeSimple offers business products and services to start-up companies and small businesses.

    Founded in the United Kingdom in 2002, we now run more than 8 websites. Our services include Company Formation, Virtual Offices, Mail Forwarding, Business Training and Company Credit Reports.

    http://www.madesimplegroup.com/
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  • StartUp TV Play all

    A YouTube series helping business owners and startups get started in business. This series covers information and tips about marketing, finance and bookkeeping as well as case studies from other entrepreneurs. #StartUpTV
    From: http://www.madesimplegroup.com/
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  • Quick Tips

    • 6 Quick Tips for Beating the Back to Work Blues - Duration: 77 seconds.

      • 2 years ago
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      Just come back from holiday and dreading going back to work? We've got some quick tips to help you get back to your best when you return. Holiday blues shall be no more! For more tips, interviews a...
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  • FAQs on Company Formation Play all

    Questions we often get asked by our customers on company formation.
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  • Virtual Offices MadeSimple

    Here's the home for all things London Presence - https://www.londonpresence.com/

    Virtual Office MadeSimple is one of the leading virtual office providers in the UK. We’ve been providing mail forwarding, telephone answering and fax forwarding services for over 10 years.

    Based in the heart of Central London, Virtual Office MadeSimple is run by a team of dedicated people committed to making sure we exceed our client’s expectations.

    With services including mail forwarding, telephone answering, meeting rooms and fax forwarding, a business anywhere in the world can get the full benefit of a central London address.
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  • The Company Secretarial Management System (CoSec)

    Do you form and manage multiple companies for clients? Company secretarial management can be time consuming and costly. Our objective is to offer a simple to use system packed full of additional features to make your life easier. This software is accredited by the ICAEW.

    Manage all your companies in one place.
    Free, no setup or subscription charges.
    Access anywhere 24/7, no installation required.
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