If you decide to register a limited liability company with Companies House yourself, the process is simple. First of all, there is some information you need, including the name of your company (learn more about choosing a name for your company, the address and details about business leaders and secretaries, if any. You will also need a memorandum and regulations – you can download a template for a memorandum and regulations. Whether or not you should register with Companies House depends on the legal structure you have chosen for your business. Sole proprietors do not need to register with Companies House. Instead, they must register with HMRC and file an annual self-assessment tax return. That depends. In many cases, Companies House will integrate your business within 1 business day. The majority of companies are established within 48 hours. Please note that Companies House does not work on weekends, so if you send a request on a Friday, it will take longer. Not on paper – everything is done online with a digital signature to make things easier. No printing or scanning required! If you do not have a separate address for your business, you must use your home address to register a business with Companies House. However, if you are not comfortable with publishing your home address, we offer a registered agent service that allows you to register your business at our central location in London.
Use this service to register your business with Companies House. You will be registered for corporate tax at the same time. When you register a business, Companies House automatically notifies hmrc. HMRC will send a letter with your UTR number to your registered address. The arrival of this letter can take up to three weeks. If you do not receive your UTR number within 3 weeks, you can contact HMRC directly. Read our blog to stay up to date with the latest news and get expert opinions, whether you are a sole proprietor or a director of a limited liability company. When entering shareholders for a company – called the company`s “subscribers” – check that the subscribers are correct. For example, make sure that the names of the shareholders are correct and that the company does not subscribe to itself. When should I switch from a sole proprietorship to a limited liability company? Anyone who becomes a director or officer of a company must be prepared for some of their data to be publicly available. You can read more about Companies House`s public archives on their website.
The certificate of incorporation is a legal document and confirms that of your company: ordinary shares are the most common type of shares, and most companies use ordinary shares in pounds sterling (GBP). If you need more than one type of action, you`ll need to use a different service to register your business, as Tide only offers apps with common shares. Common shares give a shareholder the following rights: These documents formalize how your business is managed. They must be agreed and signed by the directors, shareholders and secretary of the company. A capital statement is a snapshot of the issued share capital of a limited liability company at a given time. Limited liability companies must complete a declaration of initial capital and participation as part of the application for incorporation. Tide automatically creates a capital statement for you when you register your business through our service. If you are a sole proprietor and not a limited liability company, you do not need to register with Companies House.
However, you will need to register with HMRC and complete an annual self-assessment tax return. You may also need to register for VAT. Limited by Shares is the most common type of business and is used when the owners want to make a profit from the business. (“Limited by warranty” differs in that it is often used for non-profit organizations such as charities and associations. Profit is rarely given to the owners. It is usually kept within the company or used for other purposes). We have a list of sensitive words and phrases in our guide. If you use any of these components, you must provide supporting documentation to the application. It costs £12 and can be paid by debit or credit card. Your business is usually registered within 24 hours. If you do not wish to use “limited” in your company name, you must register by mail. When registering a company with us, use this checklist to ensure that your application is successfully processed: Limited liability companies must have at least one director.
The directors assume legal responsibility for the management of the company and, in particular, ensure that the accounts and reports are handled correctly. To be a director, a person must be 16 years of age or older and have a UK registered address to which business correspondence can be sent. A person or company – which we call “managers” – can only request exemption from disclosing certain data to third parties (credit reference agencies) in certain circumstances; such as.B. the serious risk of violence or intimidation. This also applies to certain information relating to persons with significant control (PSC). Many new businesses choose registrars for several reasons. First, they can be sure that the application process is handled properly. In addition, registrars often offer services, including registered addresses (many of which are located in prestigious locations in London), directors` service addresses (so that directors` home addresses are not publicly available) and mail forwarding from HMRC and Companies House. Currently, Tide only accepts names that do not require additional documentation. In other words, if you apply directly to Companies House, it is possible to register a name such as “Kim`s Doctors Surgery”, but you will need to provide Companies House with additional information to prove that you are indeed a registered doctor. Tide does not currently offer the option to send accompanying documents, and therefore only sentences that do not require “proof” can be submitted.
To register the same day, submit your application before 3 p..m. .