Company Formations, Online Company Formation, UK Ltd Company Incorporation

The Company Register



The company register is one of three documents that need to be produced when registering a company and this will contain the location of the registered office, the details of the consenting Company Secretary and Director(s) as well as details of the subscribers and share capital, if it is a company limited by shares.

When forming a company within the UK the company must have a registered office that is either in England and Wales, Northern Ireland, Scotland or Wales as an essential requirement. If you don’t have a UK registered office, you can use agents such as Wisteria Formations to provide this for you.  This type of service involves use of their UK address and they will forward all corresponding mail to you.

As mentioned above, the details of the consenting Company Secretary need to be stated in the company register.  As of 6^th April 2008, companies are no longer legally required to appoint one, however it is strongly recommended that a Company Secretary is appointed to ensure that all company secretarial matters are dealt with correctly, be it a director of the company or a professional secretary. Wisteria Registrars Ltd can act as the Company Secretary, the duties of which could include:

• Statutory filing requirements


• Convening meetings and arranging all related documents, such as preparing the agenda or minutes


• Keeping the companies Registers up to date


• Communicating with shareholders


• Company Appearance


• Advisory

On Incorporation of the Company

Once your limited company has been successfully incorporated you will be sent a certificate of incorporation by email which you can print out for your own use. However some banks require you to have an official incorporation certificate which is a certificate printed on official Companies House paper (shown in the picture to the right) and some banks will only accept this official version as proof of the valid existence of your company. You can purchase the official certificate during the company registration process.  The certificate simply states the company number (proof it has been registered with Companies House), the name of the company and its date of incorporation.







Now that you understand the documents that you receive when you complete a company formation with Wisteria Formations, please follow the link below to start the registration process.



https://www.wisteriaformations.co.uk/uk_company_registration.

If you have any questions or problems during the registration please don’t hesitate to contact our support team on 0844 893 0808 or send them a message at formations@wisteria.co.uk.

One of the most important points regarding the memorandum is that as of the 1^st October 2009, under the relevant provisions of the new Companies Act, the function and contents of the memorandum have changed significantly.

The memorandum is one of the documents that are required upon incorporation in the United Kingdom. Under the 2009 Companies Act the memorandum serves as a ‘historical snapshot’ of the company upon formation and now has a more limited purpose.

The purpose of the memorandum is to confirm each subscriber’s intention to form a private limited company and must state:

• The name of each subscriber (The first shareholder(s) of the company)


• The fact that they wish to form a company


• The fact that they wish to take shares in the company

When registering a limited company you will be expected to provide memorandum as well as articles of association. The articles of association set out regulations governing managerial and administrative matters. Also contained within the articles are provisions dealing with shareholder’s rights.

There are 3 ways in which a limited company can be formed including directly with Companies House, using an Accountant or Lawyer, or using a Formation Agent. If deciding to use Companies House it will cost £20 however you will need to fill in the relevant Companies House form yourself and provide your own copies of the memorandum and articles of association. The problem associated here is the extra cost and difficulty of obtaining the memorandum and articles. The next option of using an Accountant or Lawyer, who will complete the company incorporation for you, is the most expensive option and could cost you around £100 - £350.

We then move on to the third option of using a Company Formation Agent, such as Wisteria Formations, which just requires you to fill in a simple application form. Unlike using Companies House directly, by using a Company Formation Agent the relevant form is filled in and your application sent off without the hassle and cost of finding suitable memorandum and articles of association to use, as well as also being provided with other services such as hard copies of your documents should you require them. To add to this, using a Company Formation website costs nearly as little as doing it yourself without the added hassle. Wisteria Formations’ basic service offers to form your company for just £24.99 and is faster than paper filing with Companies House.

Wisteria Formations offers a quick, effective and inexpensive way with 10 short steps to form your company. Wisteria differentiates and benefits from being part of Wisteria Charted Accountants giving reassurance of high quality and professional service as well as being able to take advantage of a variety of complementary services including free telephone support as well as free consultation with a tax adviser or chartered accountant. On top of this there is a host of other extra services including:

• Accountancy and business advice


• Business Plans


• Tax advice


• Company Secretary


• Registered office and mail forwarding


• VAT registration / PAYE registration

To start your company formation now please follow the link below and for any further information on company formations please contact out support team on 0844 893 0808 or send them a message at formations@wisteria.co.uk and they will respond shortly.

https://www.wisteriaformations.co.uk/uk_company_registration.

A company director has many important responsibilities and duties so choosing the right director/s is essential. Directors are responsible for ensuring the success of the business and compliance with relevant regulations such as employment law and tax and corporate governance. Directors run the company and all limited companies must have at least one director who is a natural person (as opposed to a company).  Corporate Directors can be appointed as long as at least one of the Directors is an individual.

Directors must not:

-          have been disqualified by a court from being a director

-          be an undischarged bankrupt

-          be under the age of 16

A company director will have to ensure the annual accounts and return are correctly filed and act in a way most likely to promote the success of the business:

-          they must exercise a degree of skill and care in everything they do for the company

-          they must act in good faith

-          they must obey the law

Company directors have a large responsibility in a company and you should make sure anyone that is to be appointed as a director is fully aware of these responsibilities.

Some people choose to nominate a person as a director for their company through a company formation agent. Some company formation agents provide this service whereby you can nominate one of their staff or their corporate entity as a director for your company. They advertise that this service helps keep your personal information private.  However when nominating an unknown director to your company you will have their past and future records on your company records and you will not know what this person has done in the past or will do in the future. Therefore nominating a director through a company formation agent is not always a wise option.

If you wish to keep your personal address safe then you can appoint a company formation agent such as Wisteria Formations as your company registered office and also register your director service address the same as your company registered office. This will keep your personal information safe and also eliminate the worries associated with nominating a stranger as your company director.

To start your company formation now please follow the link below and for any further information on company formations please contact out support team on 0844 893 0808 or send them a message at formations@wisteria.co.uk and they will respond shortly.

https://www.wisteriaformations.co.uk/uk_company_registration.

Companies House is the UK registrar of Companies and an executive agency of the UK government department for business, innovation and skills (BIS). To set up any type of company (permitted by the UK Companies Act) you will need to incorporate and register with Companies House. All Limited companies need to file annual financial statements with Companies House.

To form a company with Companies House you will need to file all your documents by post and provide your own memorandum and articles of association which can be costly to produce. Any forms with errors provided to Companies House are posted back to the sender and this delays the process of setting up a company considerably.

Wisteria Formations have a direct online link with Companies House whereby you can complete an online company registration within 15 minutes. Once you completed the registration and Wisteria Formations have received all the information they require, your company can be formed in just a few hours.

The direct link with Companies House allows us to receive almost instant feedback from Companies House about your company formation if there are any problems or if further supporting evidence is required to incorporate the company. Wisteria Formations now also have a company name search which fully incorporates Companies House most recent regulation changes and enables customers to search more reliably and accurately, reducing errors/delays in the process.

To start your online company formation please follow the link below, if you have any more questions about setting up a company please call our support team on 0844 893 0808.

https://www.wisteriaformations.co.uk/uk_company_registration.

After completing your company incorporation, organising the marketing for your business can be crucial to the success of your new company. Creating a marketing strategy will help you identify appropriate markets and customers that you can target (note that this may have been clarified before setting up a company through a business plan to see if your business idea is viable). Implementing the right sales techniques will also help you turn interest from customers in your goods or services into sales.

This article provides you with some of the key marketing factors you may need to think about after company formation.

Marketing

Firstly you will need to outline your objectives and how you want your marketing to achieve these. You need to know what customers in the industry want and how they think as well as know your competitors and strategies that are already implemented in the market.

Pricing

The price you charge for your product or service can be a difficult decision. Setting a price too high or low could limit your business growth and affect your cashflow. You need to make sure that the price you set will make your business profitable and you should note where your price stands compared to competitors in the market.

Advertising and Branding

You will need to choose advertising and branding that suits your business, this includes the channel you choose to get your product or service to customers. You need to make your brand better known and use it to reflect the value and strengths of your business.

Using a certain type of media will help you reach and target different customers in the market depending on the good or service you are providing.

For more advice on general business planning please call 0208 8952 0150 to talk to a member of Wisteria Chartered Accountants and Business Advisers.

To start your online company formation with Wisteria Formations please visit https://www.wisteriaformations.co.uk/uk_company_registration.

If you have any questions about the company registration please contact a member of our support team on 0844 893 0808.

After completing your company formation you may want to appoint some staff to help you run your business. As well as registering as an employer and setting up a payroll, you will normally want to produce an employment contract stating the terms and conditions of employment.

The moment an applicant unconditionally accepts your offer of a job, a contract of employment will exist. The terms can be oral, written, implied or a mixture of the three. Although setting them in writing can prevent disagreements in the future and may provide you with additional legal protection.

The employer is under the duty to provide at least a written statement containing the main employment particulars within two months of the start of their employment. This written statement is not the employment contract but it provides evidence of the terms and conditions of employment. The employer can produce a contract on its own if the contract contains everything the written statement is required to have in it.

The below outlines some of the factors that need to be included in the written statement:

-          Legal name of employer company

-          The legal name of the employee

-          Date the employment began

-          Employee’s pay

-          Employee’s hours of work

-          Entitlement to holiday

-          Job Title

-          The address of the employee’s place of work

-          Sickness, injury and sick pay

-          Period of employment

-          Notice period

-          Collective agreements

-          Pensions

-          Dismissal, disciplinary and grievance procedures

-          Employment overseas

To change an employment contract’s terms and conditions you will need to get the employees agreement first, otherwise the employee may be able to sue for breach of contract or resign and claim constructive dismissal.

If there is a change of employer the employee is entitled to a new and full written statement normally within two months of employee change.

To form a company now that you understand the duties you have as an employer please follow the link below:

https://www.wisteriaformations.co.uk/uk_company_registration.

If you have any problems with the registration or need any further advice please call our company formations support team on 0844 893 0808 or send them a message at formations@wisteria.co.uk and they will respond shortly.

Please note that Wisteria Formations are not lawyers and therefore are not able to provide legal advice.  You are always advised to seek professional advice from a lawyer or other suitably qualified professional in relation to legal matters.  Wisteria Formations, its staff or other group companies cannot be held liable for your reliance on information shown in these articles.

Before you set up a company you should create a business plan to help determine whether your business is viable, pre-empt any problems that may arise and calculate how much and where you will need to get financing from. Therefore we always recommend producing a business plan before you set up a company and Wisteria Chartered Accountants can help provide you with a bespoke custom business plan.

A business plan is also something that should progress and change throughout the maturity of your business and you should review it frequently to make sure you are progressing in the right way to achieve your objectives. This business plan can also help you get all your ideas on paper and portray them in a way that will encourage investors to invest in your company.

The business plan should establish:

-          What resources you need

-          How you expect to use them

-          How you are going to pay back any borrowed money

Again the business plan will need reviewing and reshaping as the climate of the market, economy and your objectives change over time.

For more information on business plans please view our new video guide at the following link:

http://www.youtube.com/user/wisteriaformations#p/a/u/0/rS8Kx3g2_0U

Wisteria Chartered Accountants would be happy to help you with your business plan or for any other accountancy services you may require, please contact them on 0208 952 0140 or at info@wisteria.co.uk.

To complete a company registration now that you understand the importance of a business plan, please go to the link below:

https://www.wisteriaformations.co.uk/uk_company_registration.

Wisteria Formations are a leading company formation agent and you can contact their qualified UK support team on 0844 893 0808 or at formations@wisteria.co.uk.

Every company limited by shares must issue at least one share to a shareholder. You no longer need to have a cap limit on the amount of shares that the company can issue when registering the company and you can appoint yourself as the sole director of the company as the only shareholder.

Shares represent ownership of a company and the shareholders of a company can influence who runs the business and are involved in key decisions.

When setting up a company with Wisteria Formations, the default allotted shares is 100 each at a value of £1. This default is a simple recommendation by Wisteria Formations since it is easily divisible. However you may issue any amount suitable to your situation.

Initial shares issued, referred to as subscriber shares are often issued at par, whereas shares issued subsequently are often issued for a premium. For more information on shares please visit www.businesslink.gov.uk which is a great source of information for new company formations, or for any other questions and advice please contact Wisteria Formations UK support team on 0844 893 0808 who will be happy to assist.

To start your company incorporation now, please follow the link below:

https://www.wisteriaformations.co.uk/uk_company_registration

As a UK Limited Company there are a number of filings and processes that you will have to ensure are completed correctly and in a timely manner. This article outlines some of the things you will need to consider.

Companies House Annual Return

The filing of the annual return is the responsibility of the company secretary, or failing that the Directors.

Annual Accounts

By law your company will also be required to file annual accounts with Companies House each year. Accounts for Limited Companies are much more complex than for a sole trader or partnership and so the service of an accountant is usually always required. Late or incorrect filing can lead to penalties or fines.

VAT Registration

You need to register for VAT if your taxable supplies value exceeds £70,000 within the last twelve months or when there are reasonable grounds to expect the value of taxable supplies to exceed £70,000 within the next 30 days. You need to register for VAT in a timely manner otherwise you may be charged a fine penalty.

You should seek the advice of an accountant if you have doubts about whether or not you should register for VAT voluntarily as there may be benefits of doing this for some companies.

PAYE Registration

Registering as an employer is also something you will need to do if you are planning to employ and pay a salary to an employee or a Director. This is the method by which tax is witheld in the UK from an employee’s earnings, which is then paid to the tax authorities (HMRC).  Again you are best advised to speak to a tax adviser or accountant in relation to this issue.

For more information about factors to consider after forming a company please view our new video guide at the following link:

http://www.youtube.com/user/wisteriaformations#p/u/1/oJuvC650bYM

Now that you understand some of the factors you need to consider before forming your limited company please go to the link below to begin your company registration.

https://www.wisteriaformations.co.uk/uk_company_registration.

If you have any problems our support team will happy to help you on 0844 893 0808 or send them a message at formations@wisteria.co.uk

To register a company in the UK you will need to provide 3 addresses. The company registered office, the directors’ residential and service addresses. Therefore if you want to complete your company formation quickly you should make sure you have this and all other correct information for all directors before you begin the company registration.

Company Registered Office

To Incorporate a UK company you will need to provide a UK company registered office. This address is where all the company’s correspondence will be sent to and where the company register should be maintained and kept up to date.

If you do not have a UK company registered office, some company formation agents such as Wisteria Formations can provide this registered office service for you whereby you can use their address (or an address they provide to you) and they will forward all correspondence to you.

This address is made public and so the service some company formation agents provide can help keep your residential address private.

Director’s Residential Address

The director’s residential address is for the use of Companies House and the company formation agent only - this is not made public. This is kept on file in case of money laundering or fraudulent activity by the director of the company and is available to credit reference agencies

Directors Service Address

Like the company’s registered office, this address is made public. This is the address where the director’s correspondence will be sent. This service address can be the same as the company registered office or an alternative address.  You can also select this to be the Directors residential address, however this may cause some privacy concerns.

For more information on the company registered office or other addresses that need to be provided to set up a company please view our new video guide at the following link:

http://www.youtube.com/user/wisteriaformations#p/u/2/4IfxjCSrp74

Now that you understand what you need to provide to form your company please go to the link below to start your company formation with Wisteria Formations

https://www.wisteriaformations.co.uk/uk_company_registration

If you have any problems please contact our support team on 0844 893 0808 or at formations@wisteria.co.uk.