To understand what UK company formation service entails, one must be familiar with the general procedures involved in establishing a company in the UK. The most common type of business in the UK is a private company limited by shares. Other types of companies include public limited companies (PLCs), limited liability partnerships (LLPs), and sole proprietorships. A UK company formation service involves providing all the assistance and expertise needed to form a new company, guiding you through every stage of the process.
Initially, this involves providing advice on the appropriate structure for the company based on the nature of the business, whether it’s a Limited Liability Partnership (LLP), a private limited company (LTD), or a public limited company (PLC). This service also involves offering support in choosing a unique and acceptable name for the company.
We also ensure that your company complies with all statutory obligations under UK law. This means ensuring that you file the necessary documentation with the Companies House, which includes the Articles of Association, the Memorandum of Association, and the IN01 form. This also involves making sure you maintain your statutory books, file your annual confirmation statements and financial accounts correctly and in a timely manner, and handle other company secretarial tasks such as appointing directors or changing the registered office.
Additionally, our formation service helps businesses maintain and keep accurate records. As part of the company formation process, UK law requires every company to have a registered address in the UK, which can be provided as part of a formation package.
Tax registration is also part of the process. We will guide you on registering your business for corporation tax, Value Added Tax (VAT), and possibly PAYE for employers.