UK Limited Company Formation
1st Contact can assist you with a UK Limited Company formation
service that
provides everything you need to get going as a contractor.
Our highly experienced consultants will guide you through the process of naming
and forming your Limited Company and
based on your unique circumstances, advise you on how to make the most of your Limited Company.
What does Limited Company formation include?
- The Memorandum of Association
- The Articles of Association
- Various legally required UK company formation documents
- All the forms and instructions you will need to enable you to set up a business
bank account for your company, (HSBC, Barlclays or Lloyds TSB only)
Contact us now for same-day limited company formation.
Complementary Limited Company Services
UK Limited Company Formation: The Incorporation Process
Companies House is the organisation held responsible for all company registration
process in the UK (Great Britain). Before a business can become incorporated, (in
other words, UK limited company formation) it must be registered with Companies
House.
The documents mentioned below must be completed by the individual pursuing the
UK limited company formation or an appointed intermediary.
Upon completion the documents must be returned to Companies House to complete the Incorporation Process:
- Memorandum of Association – This includes Company Name, Location and Type of Business
- Articles of Association – This outlines Directors’ powers, shareholder rights, etc.
- Form IN01 – This contains details of the Company's registered office, the details of
the consenting Secretary and Director(s), details of the subscribers and, in the
case of a company limited by shares, details of the share capital. This form replaces
the old Form 10 and Form 12 as of 01/10/2009.
These documents are often prepared by private sector formation agents (or
contractor accountants), which makes the
process that much easier and means you’ve less hassle to deal with.
UK Limited Company Formation - Types of Legal Structure
Private Limited Companies: these are the most
typical set up for small UK businesses. They
cannot offer shares to the public,
but may have any number of shareholders. Each Private Limited Company must have
at least one director to make management decisions and will often also have a company
secretary, despite this no longer being a legal requirement.
PLC’s (
public limited
companies) differ from Private Limited Companies in that they are
allowed to offer
shares to the public to raise funds (with shares issued to a minimum value of £50,000).
Each PLC must have at least two directors to make management decisions and a company
secretary.
To take advantage of our limited company services, contact
us today.