Setting up a UK limited company is the popular means people choose to start a business. It is not surprising given that a person can register a company for just £15 and have a fully compliant trading company within three hours of purchase.
Company Formation packages typically provide full Table A memorandum and articles of association, a certificate of incorporation, share transfer forms and a range of other incorporation documents. These enable the purchaser to make changes to their limited company after is has been registered.
As with any subject, company formations are 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. Company formation agents systems are capable of providing guidance and provided common-sense restrictions have been put in place, can prevent the user from incorrectly completing the online forms.
Once Companies House has completed registering the company, many of the changes which the directors would typically make to the company's structure can be carried out online, either directly with Companies House (after having the PR1 form in place) or through the original company formation agent's online 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 with the formation agents.
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