We offer a wide range of company formation services in order to make the process of starting a business in Uk as hassle-free as possible for you.
If you’re planning to start a Company in Uk you’ll need expert advice in order to make sure that you meet your legal responsibilities and start your business on the right foot. Our team is always on hand to provide expert advice and help you through every stage of the process. United kingdom has incredible economic growth and it’s government an encouraging attitude towards foreign business start-ups. There’s never been a better time to expand your existing business or to embark on a company formation in uk.
With our company formation services, we can ensure that your new business start-up runs smoothly. Where to Start with Company Formation in uk ? There are many various processes that you’ll need to go through in order to start a business in uk.
You may be a sole trader, a freelancer or you may not have stepped foot in business before. Perhaps you wish to have, or require, limited financial liability, reduced tax bills or protection from risk. No matter what your situation is there are options. Here are the different types of limited companies for you to consider.
The most common legal structure you can choose is a private company limited by shares. This is suitable for most commercial enterprises, although you may wish to us for further information about the options.
Types of Limited Companies
limited by shares (LTD)
This sets the company up as a separate legal entity which is owned by shareholders. If the business runs into trouble the amount that shareholders are liable for is limited to the value of any investment they have made in the shares of the company.
Any profits made belong to the company and can either be reinvested in the company or passed onto the shareholders using dividend payments. The company cannot sell shares to the general public.
limited by guarantee (LTD)
Companies limited by guarantee are often social enterprises, charities or other not-for-profit organisations, such as sports clubs or political parties that do not have owners.
All profits are reinvested back into either the organisation itself or its objectives. Members of the company do not purchase any shares in this type of company.
Note: We do not currently form Limited by Guarantee Companies.
Public Limited Company
This type of company is similar to that of a private company limited by shares, the main difference is that its shares can be sold to the public. As a result there are a number of additional legal requirements that must be met.
Note: We do not currently form PLCs.
Private Unlimited Company
This type of company can have share capital, but may choose not to. There is no limit to the members’ liability. Private Unlimited Companies disclose less information than other types of companies because the members’ liability is unlimited.
Note: We do not currently form Private Unlimited Companies.
Frequently Asked Questions
Yes, definitely! Registering a company might seem an intimidating process, but it is actually much simpler than you think: especially in the hands of seasoned company formation agents like us. We’ll not only help you with registering a company but offer a range of services to support your business at all stages of its life. We’ll help you sort out your company registrations online, with a process so quick and easy you can go ahead and focus on the fun bits.
You’ll buy a fully trading UK Private Limited Company, limited by shares. The company is set up as a separate legal entity which is owned by shareholders. If the business runs into trouble the amount that shareholders are liable for is limited to the value of any investment they have made in the shares of the company. Any profits made belong to the company and can either be reinvested in the company or passed onto the shareholders using dividend payments. The company cannot sell shares to the general public
It will take around 1 working day until you can start trading if your incorporation complies with the Companies House company registration regulations. However, this depends on how quickly Companies House is able to process applications. A formation should take no longer than 48 working hours maximum to process.
Once we’ve registered you as a limited company you’ll need to contact HM Revenue & Customs (HMRC) to let them know that your company is active and has started its first accounting period. An accountant should be able to support you with this, as well as advising you on other organisations that your business needs to register with.
Our deal with Barclays means you can benefit from a dedicated service and an automated application process for your business bank account. Once your incorporation is complete we’ll automatically send your company registration details to Barclays. They will then contact you, within one working day, to arrange a meeting to open your Barclays Business Current Account.