UK limited companies are distinct entities of which the liability of its members or subscribers is limited, by shares or by guarantee. Limited company shareholders or directors are not responsible for any debts run up by the business and their personal assets cannot be touched.
* Please note that we are registered for vat so all our prices are subject to 20% vat (unless you are based outside Europe or have an EU vat number). ** One off package price does not include ongoing service or maintenance, these services are available separately.
Top 10 reasons to form a UK limited company:
Limited companies limit the liability of shareholders to their investments
Officers of companies have limited personal liability for their actions
Limited companies benefit from higher credibility than other entities such as partnerships and sole traders
Limited companies often receive unique tax incentives
Shareholders rights are protected and clearly defined
Corporation tax is only payable after the first financial year
Directors of companies can be private individuals, nominated individuals or corporate bodies
Directors of UK Limited Companies can be of any nationality
Secretaries if appointed (no longer mandatory) can be of any nationality
Secretaries can be private individuals, nominated individuals or corporate bodies
A: A UK limited company is a distinct entity in which the liability of its members or subscribers is limited, by shares or by guarantee. Limited company shareholders or directors are not responsible for any debts run up by the business and their personal assets cannot be touched. For sole traders, they are personally liable for business debts.
A limited company limited by shares, may be further divided into public companies and private companies. A limited company is registered at Companies House and must operate within the Companies Act 2006.
Q: Can I register my UK company online?
A: Yes it is possible to register your company online.
A: You simply have to contact us with your chosen company name and we will assist you further. No signature is required as opposed to a paper based incorporation.
Q: Officers required?
A: Private companies: At least one director must be appointed to run the company. At least one director must be an individual. A private company does not need to have a secretary.
Public companies: At least two directors and a secretary must be appointed. At least one director must be an individual and the secretary of a public company must be qualified.
Q: Can anyone be a UK company director?
A: You can not be a company director if:
you have been disqualified from acting as a company director (unless permitted to act for a particular company);
you are an undischarged bankrupt (unless permitted to act for a particular company);
under the age of 16.
Q: Can I choose any UK company name I want?
A: There are a number of restrictions on your choice of company name. You can find list of sensitive words in the Annexes A-Z at Companies House.
Before choosing a name, it is important to ensure the name you would like to register is not the same as an existing name and is acceptable to Companies House.
Q: Registered Office
A: Every company must have a registered office. This must be an address in England and Wales, in Wales (a "Welsh" company), in Scotland or in Northern Ireland. This must be a physical location where legal documents can be delivered to the company. You can not use a Po Box as your registered office address, you can however use your home address or trading address.
Q: What is a dormant company?
A: A company is dormant if it does not trade and has no accounting transactions.
Q: Post Incorporation?
A: Once a company has been incorporated, many directors make the mistake of thinking that that's all there is to it. Directors can be legally charged for not filing certain documents. If convicted, they will be fined up to a maximum of £5,000 for each offence and will also have a criminal record.
CG Inc offered me a great service for theformation of my company TUTOR4MATHS. The customer service was friendly and the extra tax/accounts advise given was clear and easy to follow. An excellent and very helpful service and I look forward to working with CG Inc again in the future. If you need a UK company go to CG!
Rishi Shah, Tutor4Maths Ltd
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