Company Formation Specialists

Who Is Needed To Set Up A Limited Company?

How many people do I need involved in my Company Formation?

One person may incorporate a United Kingdom private limited company and become its only shareholder and director but please note that in addition to having a director the company must have a separate secretary. If no suitable person is available for this post we can provide a nominee secretary. A director and secretary have to be named in the company registration papers.

Can anyone be a director?

Generally it is up to the members / shareholders to appoint the people they believe will run the company well on their behalf. Restrictions which would prevent someone becoming a director are: disqualification by a court from acting as a company director (unless he or she has been given leave (permission) to act by a court for a particular company); un-discharged bankruptcy (except with leave of the court); in Scotland anybody under the age of 16; with regard to a PLC or a subsidiary of a Northern Ireland PLC anybody over the age of 70 would be disqualified from being a director unless they are approved by a general meeting of the company after a special notice of the relevant resolution.

Does every company need a secretary?

Yes - every company must have a secretary. UK corporate law states that a sole director cannot also be the secretary.

What rights does a company secretary have?

They depend on the terms of his or her contract with the Ltd company. The secretary has no special rights under UK corporate law. These terms can be decided prior to company formation or afterwards if required.

Do I need a Registered Office?

Every Ltd company formation within England & Wales requires a Registered Office in either of these countries. Ltd company formations in Scotland or Northern Ireland also have to have an office in their respective countries. Although it is not unusual to use your home address as a Registered Office there is a possibility that the Inland Revenue may deem your home to have contributed to the business and could therefore apply a capital gains charge. If you have any queries regarding this please call our office prior to company formation. To avoid the above you may choose to use our offices as your registered office. The annual fee for our Registered Office Service is £50 per annum. The service can be requested on our order form. Alternatively please feel free to contact us on 0800 068 5362. Top Of Page

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