Limited Company Series – Incorporation

a) What is a company?

A company is a legal entity which is separate from the owners. In the case of a limited liability company, the liability of the members is limited by share or guarantee. An important point to note from the outset is that the shareholders own the company, the Directors are responsible to the shareholders for its stewardship.

b) Who can set up a company?

One or more person can incorporate a company. The Director can be the shareholder. There is no requirement for a secretary except where stated in the articles of association.

c) What name can be used?

You can check the availability of names using Companies House name check service and by reviewing companies house guidance. http://www.companieshouse.gov.uk/about/miscellaneous/nameAvailability.shtml

d) Company Formation services

Once you have decided on the company officers and name, we will be pleased to assist you with company formation. As part of our agreed fee we will typically;

• Register the company with Companies House
• Notify HMRC and register you for Corporation Tax and self assessment
• Set up a payroll scheme
• Set up a VAT scheme
• Provide you with the company documentation