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Company Formation – Company registration & office address
Any company that’s active in the UK has to be formally registered with the authorities (Companies House and HMRC). As with so many things, it’s important to do company formation or registering a limited company correctly. So, if you are in any way unsure as to what the registration process for a start-up business involves, you are strongly recommended to seek expert help, just as you might call in IT professionals to setup your IT infrastructure or cybersecurity, setting up a business structure properly will also require professional support.
Company director registering company formation
Why should you talk to an Accountant before you register a company?
Your accountant can help you understand what the requirements are to run a company and whether a company structure is even suitable for you or you will be better off run your business as a sole-trader.
Also, company matters can be complex and most people will hire an accountant to assist. Therefore, it is better to engage an accountant earlier so nothing slips through the cracks.
Here are some questions you should ask before registering the company:
- How do I set up the company’s ownership structure and share capital?
- What are the basic duties of company directors?
- Do we need a shareholders’ agreement?
- What are a memorandum and articles of association?
- What is a difference in Companies House and HMRC?
- Where do you submit a company’s annual accounts?
- Where do you submit a company’s corporation tax return?
- What information does a Companies house require on an annual basis?
- How do I submit the company’s annual accounts?
- How do I submit my company’s tax returns?
- How does income tax work when making payments to directors and shareholders?
- What are the due dates to submit returns to Companies House and HM Revenue & Customs?
- What are the penalties for late submissions?
- What should be a company’s registered office address?
- Does a company need a company secretary?
- How do I operate a payroll system?
- How does VAT work?
- Does every company have to charge VAT on its invoices?
- How do I register for VAT purposes, and how do I then submit VAT returns?
When should I not use quick online company registration website?
Firstly, you don’t have to register a company every time you have a business idea. Once you register a company, you also sign up to a number of obligations.
Using various online company registrations websites, it is easy to enter the world of company ownership, but running a company and exiting it, is a different story. So, it’s important to fully understand what it takes to run a company.
Therefore, if you had run companies in the past and know what you are doing then you may choose to use a quick online service to register the company. However, you would still be advised to engage an accountant as early as possible so they can start maintaining the records of the company and register as your agent to be able to deal with the various Companies House and HMRC return requirements.
We’ve also seen numerous people come to us for help who have used one of the online registration websites to setup a company and then forgotten which website they used. All of this can be avoided if you contact us right at the start of the process. When you contact us, we can send you our simple online questionnaire and then help you complete this.
What should you use for company’s registered address?
This can be your business address, or your accountant’s address or even a service address.
It is also ok to use your home address. It is, however, understandable if you feel uneasy about publicising your home address on your Companies House registration and on your letterhead, as this could lead to a loss of privacy.
The good news is that here at 2E Accountants, we do both i.e. register a new company as well as offer company’s registered office address. We have extensive experience of helping start-up companies with the registration process. We’re not just here to put together your accounts once you’re up and running – we can help you right from the very start. We can help with all of the issues listed above and remain available to answer any queries you might have at any stage of the company registration process and accounting services thereafter.
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