Welcome to
Setting up a Company
Setting up a UK limited company is the popular means that people choose to start a business. It is not surprising, given that a person can register a company for just £25 and have a fully compliant trading entity within three hours following purchase.
Company formation packages typically provide full table A memorandums and articles of association, a certificate of incorporation, share transfer forms and a range of other business incorporation documents. These enable the purchaser to make changes to their limited company after is has been set-up and registered.
As with any subject, setting up a company is an area which requires some careful consideration before going ahead. Matters such as share capital requirements, appointment of directors and a secretary need to be thought through beforehand.
Setting up a company through UK registration agents is general more advantageous than completing a paper application. Limited company formation systems are generally capable of giving guidance and provided common-sense restrictions have been put in place; they can prevent the user from incorrectly completing the online forms.
Another alternative is to seek professional assistance from accountants or solicitors who might be experienced in providing such services over a period of some years.
There is likely to be a premium attached to engaging third parties to carry out the activity; however this can provide some reassurance that the task will be completed successfully.
Once Companies House has completed registering the company, many of the changes which the directors would typically make to the business’ structure can be carried out online, either directly with Companies House (after having put the Form PR1 in place) or through the original company formation agent's electronic filing systems.
In both instances these services are normally provided free of charge, in the hope that the user will, at some stage, register additional companies or purchase some additional services from the formation agents.
