Frequently Asked Questions on Company Formation Services

You will need a minimum of one director, one share holder and a UK Registered office address. The cost of forming a Company through our website is £11.99. We are offering a refund of £50 when you open your Business Bank Account through us. We are able to offer the Registered Office Address you need not have a separate business address.We are able to provide services for filing Company Dormant Accounts and Company Secretarial work for a guaranteed fee of £200 a year.Yes, we can file up to two directors personal tax returns as part of your company accounts, any additional director’s tax return is at cost of £150 per tax return.You can either send the documents by post or you can scan the documents and send them via email.

As the name suggests the limited liability company means “the company whose liability is limited”. In other words, Limited Liability Company means the company in which liability of the investors is limited to the extent of their investment. And no one in the company is liable to more than their actual investment. It is treated as one of the main advantages for setting up a limited liability company. This can provide a security feeling for the investors of the company as their liability is limited. That means the shareholders (person who has invested in the business) are only responsible for the debts of the business/company. As a result the owner/entrepreneur can keep his own assets and the finances separate from the business. In this sense, Limited Liability Company is deemed to be a separate legal entity distinct from its owners. And the life of the company has no relation with the life of its members. If the members may retire or die, the company will continue and exist.



TYPES OF LIMITED LIABILITY COMPANY



The liability of the company can be limited in different ways and manners. It can be limited by means of shares, guarantee etc. In UK, there are basically three types of limited companies, viz.,

He had won the Online Technology Award in two consecutive years, 2011 and 2012, from the Tenet Network. He specializes in Global Company Formation, International Taxation and also as Corporate Protection Advisor to the directors of Limited Companies.

Private Limited Company limited by shares

Private Limited Company limited by guarantee

Public Limited Company.

PRIVATE LIMITED COMPANY

Private limited company is one of the most popular forms of business organisation in UK. Incorporation of a private limited company in UK is very simple process. A private limited company can be set up with minimum of one shareholder; however he must be an individual. Similarly, minimum of one director is required for forming a Private limited company in UK. The director and shareholder of the company can be the same person. The minimum amount of share capital which is required for setting up a private limited company in UK is GBP 1. The registration process of Private Limited Company in UK is vested with the Companies House.



Requirements for setting up a Private Limited Company in UK



» Name for the company

The proposed Private Limited Company should have a name for the company. The name should neither identical nor too similar to an existing company. The name of the proposed company does not contain any words which is very sensitive, offensive and connection with government or any other local authorities.

» An address for its registered office

The limited company must have a registered office address. It is used for its official communication. The address provided must be in the same country where the company is registered in. Even home address can be used as registered address of the company.

» At least one shareholder (he must be an individual)

A private company limited by shares must have at least one shareholder. There is no limit for maximum number of shareholders. They are considered as the owners of the company.

» At least one director (director and shareholder can be same person) At least one director is mandatory for the formation of a private limited company. A company can also be a director of another company. However, at least one of the directors must be a person. He must be 16 years of age or more and must not be disqualified from being a director. He is the person legally responsible for the activities of the company and to make ensure that books of accounts and reports of the company are properly done.

»Capital Statement of the company

At the time of registering a company, a statement of capital must be prepared. It includes share capital (number of shares and their nominal value) and list of subscribers (name and address of shareholders). The statement should also contain prescribed particulars. That means information about the shares like shareholder’s voting rights, rate of dividend, redemption of shares, etc.

» Memorandum of Association

Standard Memorandum of Association (MoA) is mandatory for incorporating any company. It is an agreement of all first subscribers (initial shareholders) of a company. The contents of MoA is agreed and signed by all the subscribers.

»Articles of Association

Articles of Association (AoA) is considered as another mandatory document for the formation of private limited company. It contains written rules and bye laws about running of the company. AoA contains each and every aspect related to the company like duties and responsibilities of directors and shareholders, decision making of shareholders, meetings, voting rights of shareholders, voting at general meeting etc.



The Private Limited Company in UK is again divided into two types on the basis of their liability. They are as follows:

Private Limited Company limited by Shares

Private Limited Company limited by Guarantee

(i) Private Limited Company limited by shares

Private Limited Company limited by shares means the liability of the shareholders of the company is limited to the amount of money they are invested in the business. That means personal assets and belongings of shareholders are protected at the time of company’s insolvency. They are not liable to any amount more than their value of shares.



(ii) Private Limited Company limited by guarantee

Another form of Private Limited company in UK is company limited by guarantee. The liability of the members of the company is limited to the amount they are guaranteed to the company. The company limited by guarantee does not have share capital; hence, there are no shareholders in the company. The persons who act as guarantors to the company are known as members. This type of company is commonly used for non profit organisation.



Registration of Private Limited Company

A person can register a Private Limited company in UK by different modes:

By online if the company is limited by shares

By post using Form IN01

By using an agent

By using third party software

Time required for registration

It takes normally 24 hours to register a Private Limited Company in UK through online application and postal application take 8 to 10 days for registration.



PUBLIC LIMITED COMPANY

Another important form of business organisation in UK is Public Limited Company. It is also a limited liability company. One of the important advantages of Public limited company is its shares can be freely and easily sold traded to the public. Public Limited Company is usually end with word “PLC”.

BASIC PACKAGE - £11.99

At a cost of £11.99, our Basic company formation package provides you a registered company name to start your dream company in future or to set up a dormant company.

Annual renewal costs

No items in package are to be renewed.

What is in the package?

Ready to Trade Company (Limited by Shares)

3-Hour Online Company Formation - Subject to Companies House workload

Free Business Bank Account with £50 Cash back (optional)

Free Online Client Manager facility for your Company Formation in UK

Maintain Statutory Books Companies House £13 Filing Fee Included

Copy of Certificate of Incorporation via email

Copy of Memorandum & Articles of Association via email

Copy of Share Certificate(s) via email

STANDARD PACKAGE - £27.99

At a cost of £27.99, you get your new company registered and get electronic and hard copy of all company documents.

Why this Package:

You are planning to set up a limited trading company faster and that too within a budget. The printed and hard copy of company documents is useful for taking to the bank for setting up your business bank account.

Annual renewal costs

There are no renewal costs for the items included in this package.

Features:

Ready to Trade Company (Limited by Shares)

3-Hour Online Company Formation - Subject to Companies House workload

Free Business Bank Account with £50 Cash back (optional)

Free Online Client Manager facility for your Company formation in UK

Maintain Statutory Books Companies House £13 Filing Fee Included

Copy of Certificate of Incorporation via email

Copy of Memorandum & Articles of Association via email

Copy of Share Certificate(s) via email

Copy of Company Register with First Entries via email

Printed Certificate of Incorporation

Printed Share Certificate(s)

Executive Package - £57.99

At a cost of £57.99, you get your new company registered and get electronic and hard copy of all company documents together with corporate address service and first year’s annual return filing service.You want to form a limited company and also want privacy for your home address so as to avoid your private address off the company’s public record.Renewal fee for registered office address service is £60 and Director’s service address is £35.Features:

Ready to Trade Company (Limited by Shares)

3-Hour Online Company Formation - Subject to Companies House workload

Free Business Bank Account with £50 Cash back (optional)

Free Online Client Manager facility for your Company Formation in UK

Maintain Statutory Books Companies House £13 Filing Fee Included

Copy of Certificate of Incorporation via email

Copy of Memorandum & Articles of Association via email

Copy of Share Certificate(s) via email

Copy of Company Register with First Entries via email

Printed Certificate of Incorporation

Printed Share Certificate(s)

Registered office address service for your company formation in UK

Director’s Service address service

Annual Return Filing

Premium Package - £119.99

At a cost of £119.99, this package provides everything you require for a business start up. This package offers you the products a much cheaper price when compared to the price of the same if purchased individually.You want to form a limited company together with privacy for your home address, VAT Registration, Bound Memorandum and Articles of Association, Printed Minutes of First Board Meeting, Consultancy for all legal contract and Notices and Mail forwarding services, and then this will be the best package for you. It includes everything you need to set up a limited company that is ready to trade immediately.Renewal fee for registered office address service is £60 and Director’s service address is £35.Features:

Ready to Trade Company (Limited by Shares)

3-Hour Online Company Formation - Subject to Companies House workload

Free Business Bank Account with £50 Cash back (optional)

Free Online Client Manager facility for your Company Formation in UK

Maintain Statutory Books Companies House £13 Filing Fee Included

Copy of Certificate of Incorporation via email

Copy of Memorandum & Articles of Association via email

Copy of Share Certificate(s) via email

Copy of Company Register with First Entries via email

Printed Certificate of Incorporation

Printed Share Certificate(s)

Registered office address service for your company

Director’s Service address service

Annual Return Filing

Bound Memorandum & Articles of Association

Printed Minutes of First Board Meeting

Legal Contracts and Notices Package

Mail Forwarding Service

VAT Registration

What’s required to form a limited company?

Online company registration is a simple process, you don’t require any document: You just need the following for completion of the registration procedure.

One director and one shareholder (the same person can hold both positions).

A registered office address.

Minimum of one share issued.

What number of shares to be issued?

Minimum of one share is to be issued upon company formation, where as there is no upper limit to the number of shares which can be issued.

What is a registered office?

A registered office is a company’s official address; every company requires a registered address. Registered address of a company on records will be a public data at Companies House, any person using internet can access the said data. Thus this package provides you privacy for your home address.

What is a director’s service address?

Director’s service address is the official address of a company director and each director should provide the same to the Companies House.

As in the case of Registered address, the service address will also be a public data and thus many people prefer to get service address service so as to protect their privacy.

Annual Return Filing

The first Annual return of a company is to be filed within 1 month after completion of 1 year from the date of company formation. The first annual return of your company will be filed by us within the Companies House’s prescribed due date.

What’s required to form a limited company?

Online company registration is a simple process, you don’t require any document: You just need the following for completion of the registration procedure.

One director and one shareholder (the same person can hold both positions).

A registered office address.

Minimum of one share issued.

How to open free business bank account?

Once the company formation procedure is completed at Companies House, your details will be forwarded to Bank. A representative from bank will contact you to arrange a meeting at local branch. Your account will be opened shortly after the meeting, after which you can claim £50 cash back by logging into your Global Company Formation account.

Mail Forwarding Service

When you purchase this package, all mails to the company will be received in the address registered with the Companies House. All mails to your company will be forwarded to a local address in UK as per your preference. This will be of free of any charges.

If you want the mail to be send anywhere outside UK, then the same will be charged according to the Postal rates.

What is Legal Contracts & Notices Package?

Legal contracts and notices is one of the highlights of this package which will save a lot of money and effort.

Every business is in need of different legal agreements, contracts etc which will be complicated and time consuming: but then they are important and necessary documents for the company and its business. This service we provide here will avoid the hassle to find a consultant and also the high rates you will have to pay them for documentation. We provide you our professional expertise for the preparation and assistance of the same.

VAT Registration

When your company’s turnover crosses the VAT Threshold limit of £83,000, the company should be VAT Registered. It is discretion of a business to register VAT Voluntarily i.e. when your turnover is below £83,000 and will not exceed the said limit in next 12 months. Companies register voluntarily in order to get the refund or claim of VAT paid on purchases and expenses and also to add up the image of the company.

Yes, we are providing Industry Best Web Designing services.Our main IT services include Website Development in core php, CodeIgniter, Joomla, Wordpress etc., Web Portal Development, Website Maintenance, Domain Name & Web Hosting, E commerce & Shopping Cart Solutions, Flash Website Designing, Content Management System [CMS], Web application Development, Flash Animation, Logo Designing, Web Promotion etc.Yes, We are providing guaranteed SEO services. We offer quality SEO services across the globe. With years of experience, we have made industry experts to make SEO really work for you. With a vast experience in SEO industry, we can assure you guaranteed results. It make sure that your website will come out of the first 10 resultsOur experienced and highly qualified in-house accountants are available for any ad-hoc accounts work that may need to be completed.Yes, we offer good accountants services to our customers who need to be an accountant. We provide various accounting services along with the company formation services. Our various accounting services in UK • Book Keeping Services• Charity Registration and Accounting Services• Company Accounts Preparation• Filing Accounts To Companies House Business Start up Plan Preparation• Filing of Tax Returns with HMRC• VAT Registration and also periodical filing of returnsWe offer office space in UK in rent a chair model, £150 will charges per chair.Your Company can be formed Online through our website. We are registered agents of Companies House. Registration of a Company is a simple process, which does not require any document; you just need the following for completion of the registration procedure.• One director and one shareholder (the same person can hold both positions).• A registered office address.• Minimum of one share issued.We are providing 4 different company incorporation packages, choose the package which suits your requirement and proceed. Check whether your desired Company Name is available, if available then just proceed or else give an alternate name. Then fill the necessary details and check out. Your company will be registered with in 1-3 working hours of Companies House.Companies House is the Registrar of Companies in United Kingdom. All companies are incorporated, registered and controlled by Companies House. All the companies should file their annual returns with Companies House and the same will be included in Public Records.A company has a different legal entity from its owner; owner of a limited company will be its shareholders whereas it is managed by its directors. Financial liability of shareholders/ owners is limited to the value of shares they hold. As the liability of share holders is limited, it is called limited by shares. Yes, Global Company Formation UK Ltd formation Limited Company.A registered office is the official address of an incorporated company. It will be part of Public Records. All legal or formal communications will be made to this address only. Global Company Formation provides registered office address service so as to avoid people making their personal home address and make themselves in danger. The registered address of a company could be changed, if changed then the same need to be informed to Companies House.Are you looking to form a limited company? You are at the right place. We Global Company Formation UK Limited offer company formation, business consultancy, accountancy and taxation services around the globe. No matter where you are, we will help you form your company fast, secure and cheap. Our organization services International businesses and has grown with success through consistent focus on exceptionally low prices, outstanding delivery, and excellent customer service. We provide comprehensive Company Registration services and Corporate Law Compliance services. Our specialized team of Company Secretaries, Chartered Accountants and Corporate Lawyers ensure that the services are at utmost standards.We offer company formation services of Private limited companies. To set up a private limited company to run your business, all limited companies must be first registered with Companies House. Business Start Up Service is a collaborative approach to business advice, services and support for start-ups and all kind of businesses. Our Professionals are chosen because they have the experience and passion to take your business to the next level. Our aim is to help new investors avoid the potential pitfalls of starting a new business venture, and provide the support required for them to successfully grow their business, by having all the products, services and advice required in one place. While providing these services to potential investors, we will also create new business opportunities and revenue streams.Our Business Partners offer many of the primary services required to help plan and/ or grow any business. From simple no nonsense advice, right through to providing a complete or tailored service. Business Partners are local, which makes finding the right resource faster and easier for you.Our motto is” Let the investor do all the business, we will do all admin works for you”.Thus all related services after starting up a company will provided to at the best quote available in market in the best quality. We help you to get eligible work force for your business. We just not pick candidates for your work; we do all mentoring for making them tailor made for your business requirements.Mentoring is an effective way to help employees improve their essential skills, and it doesn't require a lot of resources to be successful. It can also reinforce strong relationships among employees, support a learning culture in the workplace, and increase productivity.Global company formation UK, provide you all services relating to business. Every requirement of your business will be fulfilled here. We help you to concentrate on business as no admin work load falls on the shoulders of an investor. Global Company formation UK provides you the opportunity to explore the business opportunity around the globe. Here, a UK company can be registered within few hours that too at £11.99. Every service related to company formation and its running is provided at the best quote in the market. An investor can get all premium services for the 1st year after incorporation at around £119.99. Global Company Formation UK provides you a hassle free company incorporation and also all services regarding administration work at cheapest bid and without any compromising any quality in work.Are you looking to form a limited company? You are at the right place. We Global Company Formation UK Limited offer company formation, business consultancy, accountancy and taxation services around the globe. No matter where you are, we will help you form your company fast, secure and cheap. Our organization services International businesses and has grown with success through consistent focus on exceptionally low prices, outstanding delivery, and excellent customer service.We provide comprehensive Company Registration services and Corporate Law Compliance services. Our specialized team of Company Secretaries, Chartered Accountants and Corporate Lawyers ensure that the services are at utmost standards.We offer company formation services of Private limited companies. To set up a private limited company to run your business, all limited companies must be first registered with Companies House. Business Start Up Service is a collaborative approach to business advice, services and support for start-ups and all kind of businesses. Our Professionals are chosen because they have the experience and passion to take your business to the next level. Our aim is to help new investors avoid the potential pitfalls of starting a new business venture, and provide the support required for them to successfully grow their business, by having all the products, services and advice required in one place. While providing these services to potential investors, we will also create new business opportunities and revenue streams.Our Business Partners offer many of the primary services required to help plan and/ or grow any business. From simple no nonsense advice, right through to providing a complete or tailored service. Business Partners are local, which makes finding the right resource faster and easier for you.Our motto is” Let the investor do all the business, we will do all admin works for you”.Thus all related services after starting up a business will provided to at the best quote available in market in the best quality. We help you to get eligible work force for your business. We just not pick candidates for your work; we do all mentoring for making them tailor made for your business requirements.Mentoring is an effective way to help employees improve their essential skills, and it doesn't require a lot of resources to be successful. It can also reinforce strong relationships among employees, support a learning culture in the workplace, and increase productivity.Global company formation UK, provide you all services relating to business. Every requirement of your business will be fulfilled here. We help you to concentrate on business as no admin work load falls on the shoulders of an investor. Global Company formation UK provides you the opportunity to explore the business opportunity around the globe. Here, a UK company can be registered within few hours that too at £11.99. Every service related to company formation and its running is provided at the best quote in the market. An investor can get all premium services for the 1st year after incorporation at around £119.99. Global Company Formation UK provides you a hassle free company incorporation and also all services regarding administration work at cheapest bid and without any compromising any quality in work.We provide you the whole set of accounting services for all businesses. You do your business we will do all the accounting, tax and other compliances for you. We deal with all your day to day requirements on book keeping to accounting, Tax Calculations and Tax Returns, VAT returns and what not. It’s like having your personal accounting employee in your office.Everything will be done on time without any delay. We provide tailor made billing system for the accounting service, so as to avoid you paying higher fees for your getting your work done. For the ones who have high transactions, we provide the accounting services at a very nominal amount. We do every accounting service with at most care so as to ensure quality of the accounts and also to ensure the customer satisfaction.Book keeping is the first and foremost step for accounting. Even when it is called a very simple, it works as the backbone for the whole accounting process. Book keeping has to be done with at most care in order to ensure the credibility of the final accounts. We provide you the said book keeping service to you in cheap, effective and hassle free.What you have to do is:a) Email us the soft/ scanned/ image copies of all paper worksThat’s all, we will deal with the rest of it, and you can concentrate on your business.As we have Book keeping in our finger tips it’s very easy for us to prepare your Final accounts. Your accounts will be prepared with perfection. We will provide will information regarding you financial position as per your accounts and also will ensure that all statutory compliances are met on time. Once you sign up with us for Accounting Services all you will have to do is concentrate on your business and think about what is to be done for development of the same.We will take care of your Tax Returns. We already have your accounts in hand, will straight away do necessary to file both your VAT and Tax returns with HMRC on time without any delay.We deal in consultation of all registration services and also will file all respective returns to Companies House too. Your accounts and annual returns will be filed with Companies House on due dates.