The Book-keepers Forum (BKF)

Post Info TOPIC: Incorporating a company


Newbie

Status: Offline
Posts: 3
Date:
Incorporating a company
Permalink Closed


Hi everyone,

I'm starting up a book keeping business and intend to trade as a limited company. How easy is it to incorporate a company myself, or should I get a solicitor/accountant to do it for me. I've been quoted around £400 if I use the later.

Thanks

Alan smile

__________________


Veteran Member

Status: Offline
Posts: 50
Date:
Permalink Closed

Unless you are dead set on trading as a limited company, I would personally start out as a sole trader, which is much easier and cheaper to start with.

If you want to have a go at incorporating a company yourself, it's fairly easy to do so. Just go to the companies house website and search to see if you chosen company name is available. If it is you will need to use an incorporation agent, who will register the company for you, and provide you with the necessary company articles. You will need to provide the company with details of the company secretary, directors and shareholders and an address to use as a registered office etc. All of this shouldn't take very long, and in most cases you will have your new company within a few hours.

The best bit.....it should only cost around £25-£30 to do it this way, a big saving on your £400 quote.

Best wishes

Man



__________________


Veteran Member

Status: Offline
Posts: 34
Date:
Permalink Closed

When I started my business I wanted to trade as an incorporated company to have limited liability.

I used UK plc (www.ukplc.net) to incorporate my company and found it very easy. I did have to nominate my husband as company secretary (I did assure him it didn't mean being my receptionistbiggrin), but other than that I had no nasty suprises. I also file my annual return and other forms online, so having a company isn't the major chore it used to be.

Total cost to incorporate was aorund £50, this included a paper copy of the certificate of incorporation which I needed to open a business bank account.

Best of luck

Sarah



__________________


Newbie

Status: Offline
Posts: 3
Date:
Permalink Closed

Thanks Sarah & Man for your help. Have looked at a few incorporation agents on the internet and it does look a fairly easy process. Will have a look into the pro's and con's of being a sole trader and ltd company, and then decide what to do.

Again many thanks.

Alan

__________________
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.

Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About