Originally posted by XLMonkey
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Reply to: Some advice to get me started
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Previously on "Some advice to get me started"
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I get it now.
You can't actually register online, all you can do is download the documents from them. Then you still have to purchase some extra documents which need to be signed by a formation agent, sent the lot off together, and pay companies house.
So I guess you're all correct - I'll just get someone to do it all for me!
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I have used this company to setup a couple of Ltd companies and have had no probs with them. All straightforward, cheap enough and can print forms off online etc....
http://www.formationshouse.com/company_formation.htm
I'm lucky in the fact that my gf is a chartered accountant, which helps!
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It's been said before, but I'll say it again - get an accountant to do it for you. I have no experience of registering / setting up a company, sorting out memoranda of association etc. etc. so that's what I pay a professional to do!
I would hold off on the VAT registration (if you can) unless you are billing lots or have expenses at the moment. During your first year of VAT registration, if you are on the flat rate scheme, you get an extra 1% discount, but it's only in that first year of VAT registration.
You'll also need a certified copy (or original) certificate of incorporation to get the bank account.
Faqqer
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I'm starting to wonder whether I'm intelligent enough to run my own company...
Is it just me, or is the Companies House website a minefield?? I can't actually work out how to file my company online. I've read and re-read all these faq pages, looked at the electronic filing pages, and just seem to be going round in circles. The one time I find somewhere where I can register for an account, it asks for my company details :-/
Anyone know?!
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Originally posted by GrosYeah, but surely I'll need the company name to start the bank account!
I should know, I've been there.
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Originally posted by XLMonkeyTherefore, spend little time worrying about your company name, spend more time sorting out the bank account application and chasing them up to make sure they do all the credit checking pdq.
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Originally posted by GrosI won't have an accountant for sometime yet, I just want the company setup so that my partner has something to bill against. I will be starting properly in March, so will appoint an accountant then.
Sounds pretty simple to do myself online - just got to think of a name, which is proving to be the most difficult thing!
Therefore, spend little time worrying about your company name, spend more time sorting out the bank account application and chasing them up to make sure they do all the credit checking pdq.
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Originally posted by GrosI won't have an accountant for sometime yet, I just want the company setup so that my partner has something to bill against. I will be starting properly in March, so will appoint an accountant then.
Sounds pretty simple to do myself online - just got to think of a name, which is proving to be the most difficult thing!
Remember that once your company is set up, even if it's not earning anything at all, there will be accounts to do. Some of the stuff you fill in has to be completed even if you just write £0.00 in all the boxes.
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I won't have an accountant for sometime yet, I just want the company setup so that my partner has something to bill against. I will be starting properly in March, so will appoint an accountant then.
Sounds pretty simple to do myself online - just got to think of a name, which is proving to be the most difficult thing!
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You can do it online or you can get an accountant to do it for you or do it via the PCG since you are going to join them anyway - unless your a brain dead imbecile of course.
Normally takes 20 mins to do online and a week for the paperwork to come through.
VAT registration takes longer and is a bit of a lottery based on where in the country you are.
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Originally posted by GrosHello again all, just a quick question.
I think I've done all the groundwork and am ready to set up the company.
Can I do the whole thing online? How much time would I need to set aside for doing so? I don't want to start it, then find out it takes ages and not complete it!
Thanks.
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Hello again all, just a quick question.
I think I've done all the groundwork and am ready to set up the company.
Can I do the whole thing online? How much time would I need to set aside for doing so? I don't want to start it, then find out it takes ages and not complete it!
Thanks.
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Originally posted by martinbWhy? Dividends are paid to shareholders, not directors. A director doesn't have to be a shareholder and a shareholder doesn't have to be a director.
Phew....good save.
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Originally posted by martinbI made an enquiry with my accountant about exactly this issue - and his response was that it was not a good way to do it. In the end my requirement to do it disappeared, so I didn't pursue it, but it might be worth speaking to an accountant for advice.
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