Ltd Co formation online, who to use and number of Shares to issue ??

[M@H]

..and one more thing (sorry for the dumb questions) ..many of these companys seem to set you up provided with a "certificate of non-trading", does this mean you can't trade with your company yet.. is this easy to rectify..?

Many thanks again.
Matt.

[Jason D]

If there is no tax incentive to have his wife as co sec then there is no longer a legal requirement to have one, the company secretarial role has been widely known as notional for many small companies and the Companies Act 2006 has recognised this.

M@H

a cert of non trading recognises and confirms that the company has not traded and therefore has no liabilities, doesnt stop you trading

[M@H]

a cert of non trading recognises and confirms that the company has not traded and therefore has no liabilities.

ahaa.. thank you for that.. makes perfect sense now.

[THEPUMA]

If there is no tax incentive to have his wife as co sec then there is no longer a legal requirement to have one, the company secretarial role has been widely known as notional for many small companies and the Companies Act 2006 has recognised this.

I'm not sure that that statement follows but anyway, you may be misunderstanding me. I'm not saying that you can't pay dividends to your spouse. I advise many of my clients to do so, but they are all aware of the potential risk and they are incorporated in such a way that minimises their risk of challenge.

[Darren@UptonAccountants]

Company

..and one more thing (sorry for the dumb questions) ..many of these companys seem to set you up provided with a "certificate of non-trading", does this mean you can't trade with your company yet.. is this easy to rectify..?

Many thanks again.
Matt.

This certifies that the company hasn't traded and that you're receiving a company without any history.

Tends to imply that you've been handed an off the shelf company rather than a brand spanking new. If it's a new one, you'll have been appointed first officers & shareholders of the company rather than the formation agent appointing themselves then resigning later on.

[Bigbird]

If there is no tax incentive to have his wife as co sec then there is no longer a legal requirement to have one, the company secretarial role has been widely known as notional for many small companies and the Companies Act 2006 has recognised this.

...except that although the requirement for a Co Sec for small cos was indeed waived in the Companies Act 2006 it would appear that that part of the Act has not yet been brought into play and you cannot actually register a company at Co House without one...........if you know different, please feel free to share!

[oraclesmith]

The role of company secretary has nothing to do with tax.

Don't get it confused with making your spouse a company shareholder - which of course is everything to do with tax !!

[minstrel]

I recently used www.companiesmadesimple.com - £24.99.

Plus if you click on their fast-track banking link to open a company bank account with HSBC or Abbey they'll give you £20 cashback so it ends up costing around a fiver.

[mark09]

I recently used www.companiesmadesimple.com - £24.99.

Plus if you click on their fast-track banking link to open a company bank account with HSBC or Abbey they'll give you £20 cashback so it ends up costing around a fiver.

looking at that site the only difference between the bronce and silver is Printed certificate of incorporation
Registered office

are these needed? i would have thought they would be!

[minstrel]

looking at that site the only difference between the bronce and silver is Printed certificate of incorporation
Registered office

are these needed? i would have thought they would be!

With Bronze you get a PDF version of the Certificate of Incorporation.

Registered Office is if you want to use Companies Made Simple as your Registered Office. If you have another address you are happy to use e.g. your address or maybe your accountant's you don't need this.