Setting up a company is not simple. There are complex issues to resolve and it is important that a company is set up properly. This is particularly the case if there are two or more people involved. Many people make the mistake of using a standard service that does not deal with important issues and later have legal difficulties or expensive changes to make.
At Incorporation Services (part of the Company Law Solutions group of companies) we have been registering companies since 1978 and provide a highly professional service for all types of company formations. We provide a friendly, personal service, including all the company formation advice you may need. We can advise you about your company's name, the company's articles of association, directors, share capital, etc. Our service allows you to tailor the company's articles or download your own articles, if you wish. We will register your new company electronically, and provide an after-care service once your business is up and running. In other words we provide a complete and professional company formation package.
We charge a fair price for the level of service we provide. There are some ridiculously cheap company registration prices advertised on the internet. We accept that we are not the cheapest company registration agents, but we do offer very good value for money. Buying a company registration service is not like buying a book or a CD. Wherever you buy a CD, it will be the same product. This is not true of a company registration service. You need a service from people who have the experience, expertise and integrity to deal properly with your formation, and who are happy to answer your questions and provide the service you need. Such service requires high calibre staff, who need to be reasonably paid. See further our Why you should use us page, and some testimonials from long-standing professional clients.
Our standard service provides everything needed when setting up a company and is the package we recommend for every company formation. The basic package provides only the certificate of incorporation, a copy of the articles and a copy of the information supplied when forming the company (both by email and by post) and is really intended only for solicitors and accountants who will provide the other essential requirements by other means.
In most cases this will be a private company limited by shares.If this is the type of company you want, check that you have all the required information and register on line now, either for a standard package or a basic package. There are, however, many other options.
There are complex rules about the name that may be used for a new company, and potentially expensive legal implications for making the wrong choice.
Directors are the people who run the company on a day to day basis. They accept legal responsibilities for this important role. They may be the same people as the shareholders, but need not be. If there are two or more directors, it is important to decide the rules they operate under and put these in the articles or a shareholders' agreement.
The shareholders own the company through their shares in it, and have ultimate control over it. If there are two or more shareholders, it is important to make sure that their financial interests in the company are protected by having the right provisions in the company's articles or in a shareholders' agreement. Any shareholder who does not have a majority of the shares is potentially vulnerable and needs legal protection.
The ownership of a company is divided into shares. Many companies have different classes of shares and the share structure of a new company should be determined from the start and set out in the articles. It can be changed later, a service provided by Company Law Solutions, but that is a more expensive than setting up the share classes as part of the initial company formation.
To register your company we need information to supply to Companies House about the company name, address of registered office, the directors, members and (unless a company limited by guarantee) the shares to be issued. It will save you time if you have the required information to hand when you start. The information required will depend on whether it is a private company limited by shares, a company limited by guarantee, an LLP or a PLC.
Companies House requires detailed information about the company, its directors, shareholders and share capital in order to register a company. Check that you have all the required information and register on line now.
For your information I aborted the process of ordering a company online through a bargain basement competitor of yours. Their process involved a series of forms which were added one after the other as conditions of the sale. The final straw for me being a long insurance form which, it emerged when I looked at the "Privacy" policy, was to be shared with many insurance companies. I realised at that point that (a) I was thoroughly annoyed at the introduction of a series of demands which I had not been warned about at the start, (b) that it was well worth the few extra £s NOT to have to bat away insurance salesman (and also a bank which I would not be using) and (c) that the lack of transparency about their business model meant that I no longer trusted them and therefore did not want to do any business with them.
In contrast, with your company the whole process took a few minutes giving you just the information which was necessary with no unexpected or unnecessary demands.
PTBC Education Ltd
For more information on the range of services provided by Company Law Solutions send us a message