Company Guides
How to set up a limited company in the UK. From the incorporation process to ongoing tasks such as dealing with Companies House, and maintaining your company records.
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Set up a limited company – options and costs
Setting up a private limited company is perhaps simpler than you may think. You can incorporate yourself, or use a professional to do this for you. Here we look at what you need to form a company, and how the process works.
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How to take money out of a limited company – legally and efficiently
If you own a limited company, you (and any co-workers) generate income for the business. So, how can you take money out of the company legally, and tax-efficiently?
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What is a limited company registered office address?
A registered office is the official address of a limited company and having one is a legal requirement for any incorporated business trading in the UK.
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What does a limited company secretary do?
All limited companies in the UK must appoint at least one director during the incorporation process. Whilst no longer a mandatory appointment, a company may also decide to appoint a secretary to undertake a specific role in the business.
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How many limited companies are there in the UK?
After sole trader status, the limited company is the most popular business structure in the UK. Here we look at how many there are on the official register, and how the number of incorporated businesses have grown massively over the past decade.
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Company directors – what is a ‘service address’?
Since new legislation was introduced in October 2009, Companies House requires directors of UK registered companies to provide two addresses: a service address, and their usual residential address.
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Confirmation Statement – what is it, and how do I file one?
The UK tax authorities introduced new regulations on 30th June 2016 which introduced a new piece of paperwork for all businesses registered at Companies House to file. The new annual confirmation statement has replaced the annual return (Companies House form AR01) but does all the same things – just in a simpler way.
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Forming a company – what is a statement of capital?
A statement of capital is an official form which gives details of a company’s issued shares and their status at a specific date. It’s part of the documentation that has to be completed during the company incorporation process.
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Limited company or sole trader – compare business structures
Going self-employed as a sole trader, or setting up your own limited company are the two most popular ways to start up a new business. However, there are significant differences between these two types of business structure which you can compare here.
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Who can become a limited company director?
Although almost anyone can hold the position, certain individuals are disqualified from running a company. So what exactly are the rules governing the appointment of a company director?
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What is a Certificate of Incorporation?
After you have registered a new company in the UK, and your application has been processed and approved, Companies House will send you a formal certificate of incorporation.
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Limited companies – what are pre-emptive rights?
Pre-emptive rights, also known as rights of pre-emption, means that the current shareholders in a company should always have first refusal on any new shares being issued, whether this arises through the transfer, allotment, or transmission of shares.
