Meet the Other Phone. Child-safe in minutes.

Meet the Other Phone.
Child-safe in minutes.

Buy now

Please or to access all these features

Money matters

Find financial and money-saving discussions including debt and pension chat on our Money forum. If you're looking for ways to make your money to go further, sign up to our Moneysaver emails here.

how do you register as a limited company?

12 replies

evaangel · 18/01/2009 21:17

please could someone tell me?
thanks

OP posts:
ChasingSquirrels · 18/01/2009 21:18

easiest way is to use an agent to set up a company. The people we use at work (I think they are efaze) charge around £30.

catMandu · 18/01/2009 21:19

I had one years ago, my accountant sorted it all out for me. I seem to remember that he bought an 'off the shelf' company and then you change it's name, directors etc.

ChasingSquirrels · 18/01/2009 21:19

efaze, haven't looked at the site but says from £14.95 at the top.

hotpotmama · 18/01/2009 21:21

we used a company registration agent when we set up ours a few years ago.

ChasingSquirrels · 18/01/2009 21:21

you don't need to do "off the shelf" now as you can incorporate a new one online almost immediately. Used to take longer, hence why you used to buy off the shelf ones.

What do you want it for, do you have an accountant - they will help.

Roskva · 18/01/2009 21:22

You can get the forms from Companies House and do it yourself paying the relevant fee, which is the cheapest option (I think all the forms are available online to download), or you can buy a so-called 'shelf' company from a company registration agent who will register a change of name to the name you want and register the change the shareholders and directors for you (costs around £100), or you can get a company registration agent to register a bespoke company for you (most expensive option).

You can find company registration agents by doing a google search.

ChasingSquirrels · 18/01/2009 21:25

Companies House fees are £20
efaze is £30, you do it online.
I don't know who they are but have been using them at work (am an accountant and incorporate new companies for clients - we use the agent to save us filling everything in and it gives you all the paperwork) for at least a couple of years.

ChasingSquirrels · 18/01/2009 21:26

Companies House and details of how to incorporate.

evaangel · 18/01/2009 21:28

i want to set up an online ordering website selling gifts.What are the benifits of becoming a Ltd company from a business point of view?

OP posts:
ChasingSquirrels · 18/01/2009 21:33

the main benefit, as the name suggests, is that it is limited liability - ie if it all goes pear shaped then the creditors can'r (in most cases) pursue you.
This isn't as good as it sounds as any creditor with any sense (banks etc) will insist on personal guarantees if the company doesn't have it's own assets.
Other potential benefit is tax, depends on the profits.
You should talk to an accountant, they will give you set up advice - which is the best way, and can advise on what records to keep to make end of year accounts easier. Plus other things.

evaangel · 18/01/2009 21:37

thanks chasing squirrals
I am meeting with accountant tommorow evening, well actually he is dh's accountant.
thanks everyone for your replies
i will let you know how it goes

OP posts:
ChasingSquirrels · 18/01/2009 21:38

good luck with it all

New posts on this thread. Refresh page
Swipe left for the next trending thread