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Previously on "Company formation: why so expensive?"

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  • backagain
    replied
    Thanks for all your advise. I am going with the uk-plc.net one (same as fzbucks); the printed certificate is needed for the agent and probably for the bank account. This has a nice website setup and you can enter all you directors/secretary/registered address.

    Leave a comment:


  • fzbucks
    replied
    Originally posted by wizard1974uk
    You will probably find the £25 companies are off the shelf companies already set up by the formation company, so the only leg work is to change the directors and company secretary and registered office.

    Also correct me if I'm wrong, there are additional companies house fees tied in as well.
    I used UK-plc.net to setup my company - i went for the 49 quid one and got a paper certificate and pdf certificate of incorporation emailed the same day - the 25 are not off the shelf companies - you can select your own name they are just for non trading companies and no paper certificate

    HTH

    Leave a comment:


  • Waldorf
    replied
    Quite a few accountants do this for free, but if you want to do it yourself you can get it all in for about £30

    Leave a comment:


  • Sockpuppet
    replied
    Dont give yourself 100 shares give yourself 1.

    Why. Well should you company goes tits up 100 shares = £100 that you can be asked to pay (technically you should pay the £100 to the coy on reciept of the shares).

    With one share you can only be asked for £1.

    So people who feel the need to issue them selvfes with 1000 shares are really not doing them selves any favours. I have 1000 shares in the coy with only 1 issued.

    Leave a comment:


  • wizard1974uk
    replied
    You will probably find the £25 companies are off the shelf companies already set up by the formation company, so the only leg work is to change the directors and company secretary and registered office.

    Also correct me if I'm wrong, there are additional companies house fees tied in as well.

    Leave a comment:


  • backagain
    started a topic Company formation: why so expensive?

    Company formation: why so expensive?

    I just tried to form a new company via the link in Contractor UK for 75 pounds. However, Contractor UK uses http://www.uk-plc.net. I followed the process through, created an account, and the process fell over and I will need to wait till Monday to fix it. However on trawling through the site, I see you can form a company from 25 quid upwards; actually I see you can get the proper Companies House Certificate of Incorporation for 35 quid. I don't need company stamps or anything fancy like (I never had one for my old company). So this begs the question why should I pay 75 quid when I can pay 35 quid?

    PS: I don't need to split shares with another partner for splitting dividends (not married). So I would say I can allocate 100 shares to myself and just go with a simple formation?

    Anyone have any ides why I should pay 75 quid when I can pay 35 quid? Here is the link: http://www.uk-plc.net/companyformation/
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