How to Register a Company in the UK
Setting up as a limited company is more complex than setting up as a sole trader. Registering a company in the UK is not a very complicated job. Individual investors are opting for the incorporation of their business as a limited company. Since a company has a separate legal entity which means it has a separate existence from the owners constituting it. This feature allows the company to enter into transactions in its own name and make the company liable for its actions. Setting up a business as a limited company is the second most popular way of setting up a business in the UK. The liability of the owner remains limited. If you are interested in registering a company in Birmingham, before you can start a business as a limited company, the company itself has to be registered with Companies House. Here you will go through what you need to know before setting one up.
Company Types in the UK
• Private Limited Companies (LTD)
• Public Limited Companies (PLCs)
Procedures of Setting Up Of A Buy To Let Company
Selection Of A Name
- An appropriate name should be chosen and submitted to the Companies House (the regulatory body for the registration of limited companies).
- The selected name should not be the same or similar to the name of an existing company.
- The name of the company should always end with the word ‘limited’ or ‘Ltd’.
- The selected name should not be inappropriate, misleading or connected with any government or local authority unless permitted by them.
Setting Up Of a Registered Office
- A registered office should be set up for necessary official communication.
- The registered office must be located in the UK.
Appointment of Directors And Company Secretary
- Running a company lays with the management i.e. the directors of the company.
- A company must have at least one director.
- Appointment of a company secretary is optional for a limited company.
Documents Required to Company formation in the UK
• Your new company name
• Company type
• Registered office address
• Names of company secretary if appointing one
• For Private Limited companies, the appointment of a company secretary is optional
• Names of the company director(s)
• Names and Addresses of Company Directors
• Share capital information
• Memorandum of association
If you’re ready to get started or have any questions at all, you can get in touch with a skillful team of company formation accountants in London that helps clients with services ranging from setting up a limited company.