Reader’s question: I am interested in setting up a company and would like to associate it with a particular name. When searching companies house I found that the name I was interested in had been registered in the past but the status was showing as ‘DEAD’. Would you be able to advise what this means and whether I would be able to use this name?
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If you are thinking about setting up a limited company, you might be surprised to find out that you can incorporate a new company for only £12.99 with our partner 1st Formations. Here, we look at how incorporation costs vary according to the formations service you choose, together with additional costs you may incur.
[continue reading…]The share capital in a private limited company is the amount of money invested by its owners in exchange for shares of ownership. Company directors are typically shareholders in their own companies. Shareholders exercise certain powers over how the company is run.
[continue reading…]Readers’ Question: I want to start a business and have looked at both the sole trader and limited company structure. I think that running as a limited company will be better for me. What is the best and most cost-effective way to register a company?
For a lot of people, starting their own business requires a huge leap of faith. The reason behind this is simple – it is most often a step into an unfamiliar world, where you cannot be sure whether any of it is going to work out, even if you have a brilliant business idea. However, the very fact that you are seriously thinking about it is already enough for a good start. You are aware of the risks, and you have already heard all the intimidating statistics on startup failure.
Every limited company in the UK has to submit an Annual Return to Companies House, usually on the anniversary of incorporation. Via Form AR01, the Registrar of Companies captures a current information about the company itself, its officials, and the breakdown of share capital.
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In order to be appointed as a limited company director, you must be over 16 years old, and not be bankrupt, or disqualified from acting as a director by the courts – unless in certain circumstances.
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If you are thinking of setting up a limited company some time in the future, is there a way of ‘reserving’ a specific company name, without having to take on the obligations of running a live company?
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All limited companies are obliged to file accounting and other information with Companies House and HMRC each year. What happens if you deliver documents late, and how can you avoid penalties?
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If you decide to start a new business as a limited company, you will need to choose an appropriate name. There are several important factors to bear in mind when thinking of possible names, including legal restrictions imposed by Companies House.
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The Companies Act 2006 governs how limited companies should display their details when dealing with members of the public. So, do you have to display your company name at the company’s registered address?
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Thanks to the Companies Act 2006, and advances in web technology in recent years, it has never been easier (or cheaper) to set up a limited company. In fact, you can register a new company online via the Companies House Web Incorporation Service in around 10 minutes.
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Whether you’re setting up a public or private limited company, all companies are run by appointed officials who have a number of statutory obligations and responsibilities.
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Once you’ve submitted your company formation details to Companies House, and your application has been accepted, you will be sent a certificate of incorporation, which states your company name and other details.
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If you want to form a limited company, in addition to Form IN01 (application to register a company), you must also provide a copy of your company Memorandum and Articles of Association to Companies House.
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Companies House is the Registrar of Companies in the UK. It oversees the incorporation and dissolution of all incorporated business structures, and acts as a central repository for information relating to all limited companies.
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When choosing a suggested name for your limited company, you must steer clear of a number of words deemed to be ‘sensitive’ by Companies House, as they may mislead others, cause confusion or offence.
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By law, every limited company must have a registered office – a physical location where communications from Companies House and other formal post can be delivered.
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The Registrar of Companies has launched a new mobile app to allow users to search its database of over 2.7 million live companies, and view historical formations data.
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Companies House, the registrar of limited companies in the UK, has announced that it is to reduce its fees from October 2012, subject to Parliamentary approval.
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