The liability of the shareholders of a company is limited to the nominal value of the … The process of formation of the company can be divided into four stages, viz., 1. Set up a limited company with our All Inclusive Package, including business banking, VAT and PAYE registration, and more for only £49.99, A Central London registered office address – only £39.00 per year, Our Full Company Secretary Service - taking the stress out of a limited company for only £149.99 per year, Never miss another confirmation statement filing deadline - only £34.99 per year, Form a limited company to reserve a company name for future use - from only £12.99, Director Appointment & Resignation Service - £19.99, Transfer shares in your company today - for only £49.99, 71-75, Shelton Street, Covent Garden, London, WC2H 9JQ, limited by shares or limited by guarantee, Useful things to read before forming a limited company. Companies House is the Registrar of Companies in the UK and an Executive Agency of the Department for Business, Energy and Industrial Strategy (BEIS). One of the first steps in the formation of a company is to prepare a document called the memorandum of association (hereinafter referred to as MoA). If your company formation is rejected by Companies House, it will probably be down to a small error or oversight that can be rectified quickly and easily. A company formation agent is an independent, professional firm that specialises in the registration (aka ‘incorporation’ or ‘formation’) of companies at Companies House. It depends whether you register through a company formation agent or directly at Companies House. The MoA of the company contains the fundamental conditions upon which alone the company has been incorporated. Do I have to register my company if it is not limited? As an example, when filing for Incorporationcompanies might have to provide paperwork to the Secretary of State or another state agency that provides a similar function. The country of registration simply dictates the company’s legal jurisdiction and the location of its registered office (official address). Company formation is incredibly simple because the whole process can be carried out online. A company is defined in the Companies Act, 1956 as “company means a company formed and registered under this Act or an existing company………………………” (Sec. Under UK company law and most international law, a company or corporation is considered an entity that is separate from the people who own or operate the company. Today the majority of UK companies are formed the same day electronically. Limited Liability. You can then address the error and resubmit your application online on the same day for no extra charge. Incorporating and dissolving limited companies, Receiving information about all registered companies trading in the UK, Ensuring all corporate information on past and present incorporated businesses is available to the public, a registered office address in England and Wales, Scotland, or Northern Ireland, a minimum of one shareholder or guarantor (owner), up to four Standard Industrial Classification (SIC) codes to describe what the business does, the company name requires supporting evidence, supporting evidence for the proposed company name has been incorrectly presented, the company name contains a ‘sensitive’ word or expression, incomplete details are provided for a director or company secretary, a residential address is flagged as being a commercial property, there is a problem with an officer’s authentication, a company director does not meet the minimum age requirement of 16, a registered office address has not been included, or it is situated in the wrong country, the Statement of Capital (which contains information about share capital) is incomplete or missing (limited by shares companies only), the articles of association has not been included, their agreement to become a member by taking at least one share or guaranteeing a sum of money to the company, The articles of association (unless you adopt Model articles in their entirety), Supporting documents for the use of ‘sensitive’ words or expressions in your company name, it carries on any kind of business activity, goods are bought or sold with a view to making a profit, sharing the burden of operational responsibility and financial liability, providing expert skills and knowledge to complement your own. 10 mistakes to avoid when forming a limited company soon as your company s. 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