Company Formation
Get it correct from the start! When it comes to company formation, there are many reasons why you would set up as a limited company:
It may be to limit your liabilities. Perhaps you may like the sound of Limited or it may be that you wish to add calibre to your business. From a tax perspective, it can also be a tax advantage, resulting in less tax being payable.
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Whatever the reason, it is a very daunting process of red-tape and statutory requirements that, unless you know what you are doing, can land you in a lot of expensive trouble if not done correctly from the start.
Here at Accounting Solutions Manchester, we have helped many new and existing clients, to successfully set up and start their own limited company.
For a fixed fee, we will do the following:
Our attention to detail minimises your risk of a HM Revenue & Customs inquiry into your tax affairs. If you are experiencing cash flow problems, we can explore the possibilities of deferring your tax payments.
By giving you a fixed, competitive price, we can take the worry away when it comes to self-assessment tax returns; allowing you to focus on running your business.
What we will do for you
- Purchase the limited company.
- Complete all statutory company house requirements, such as setting up shareholders, registered office, directors and company secretary etc.
- Complete all set up procedures with HMRC, such as registering for Corporation Tax
- Provide you with help and advice regarding bank accounts, computer software etc.
Other areas to consider are VAT registration and the setting up of Payroll. These areas are best discussed, on a one-1-one basis as it may be profitable to be VAT registered from the start. With payroll each company’s requirements are different, so this is best discussed together, face to face, or over the phone.
Company Formation Frequently Asked Questions
Below are the most common questions we get asked as company accountants regarding company formations. Feel free to explore and discover how we can support you on your financial journey.
How hard is it to set up a Limited Company?
Depending upon your circumstances it can be straightforward to register a Limited Company – you will need to complete a series of documents that will become the legal foundation for the company. Alternatively, you can pay an agent to register your business for you, which is usually easier, quicker and with less chance of costly mistakes being made.
Although in the UK there is no legal requirement to use an accountant to form a Limited Company, there are many benefits in doing so, such as getting the legal information correct, completing your annual accounts and company tax return. As accountants, we can also take care of tax registration for new companies.
Below we list 5 important items of information required for the formation of a Limited Company:
1. Company name
2. Registered Office
3. Details of 1 director
4. Service address
5. At least 1 member
If you have any further questions regarding company formations or if you would like to speak to one of our accountants for friendly advice and support, please get in touch today.
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For a Free no-obligation consultation with our Manchester accountants, contact us today.
We’ll answer any questions you may have to help you make the right decision for your business.