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Company Formation Information Company Formation Information THE UK COMPANY What our Clients say ADVANTAGES OF ADVANTAGES OF USING “Just to confirm receipt of the pack in INCORPORATION YORK PLACE the above and to thank you for your prompt and efficient service; a service Limited liability for members Experts in company formation with which I would have no hesitation in (shareholders) many years experience, and managed using again or recommending.” by Chartered Secretaries Perpetual succession as companies “I can’t thank you enough for all that carry on even though directors/ Articles of association settled you do!” members leave by leading lawyers and guaranteed to be compliant with the “Thanks, that’s excellent news! You The company name is unique and Companies Act 2006 should see the size of the smile on my therefore protected face! I’d been worried that name would State-of-the-art systems for get pulled out from underneath me There is a governing structure set out fast electronic incorporation with somehow, so having it all confirmed in the Articles of Association most companies incorporated in really is very, very good news!” 1–2 days with a guaranteed Share capital can be created with sameday option available “Thank you for your help, your expert varying rights to facilitate investment advice, and for the speed of service. You Multiple share class companies have helped make something that was It is possible to create a floating incorporated electronically proving more complicated than I’d have charge over the company assets liked into something really quite simple. Readymade companies are available Registered UK company costs are Thanks again.” amongst the lowest in the world and A range of products to suit all “All credit to you guys for not charging no audit required if turnover is below requirements and budgets minimum limit for the extra work you did on this. This sort of service is what strengthens Quality service and presentation There can be pensions and tax customer relations” advantages and we suggest you seek Happy to discuss your issues and independent financial advice “You are just wonderful! Thank you!” give advice at no charge Fullfilling a statutory purpose, “You have provided an excellent service. No hidden extras eg property companies under Many thanks.” the Commonhold and No fees for helping with Leasehold Reform Act “I don’t know how we’d manage without problem names York Place sometimes!” Protection of charity trustees assets Full telephone support These are genuine unsolicited There are grants available to Bank account opening service comments. not-for-profit companies If you have any problems or questions, please call or email us. Payment is required unless you have a credit account. Credit cards accepted. Please complete appropriate order form and send to Freepost RTHA-AGTA-EURC, York Place, Elizabeth House, 13-19 Queen Street, LEEDS LS1 2TW or email to [email protected] or order direct from our website www.yorkplace.co.uk www.yorkplace.co.uk Leeds Office: Elizabeth House, 13-19 Queen Street, Leeds LS1 2TW ◆ London Office: One George Yard, London EC3V 9DF Tel: 0113 224 5452 ◆ Fax: 0113 224 5498 ◆ DX: 26436 – Leeds Park Square Email: [email protected] York Place is a trading division of Stanley Davis Group Limited. Registered Office: One George Yard, London EC3V 9DF Registered in England Company No. 2413680 York Place Company Formation page 1 of 4/Apr 2015/8530 ◆ Company Format ion ◆ Private Limited Company Formation Packages The Primary package provides the essentials including: PRIMARY ◆ Certificate of incorporation ◆ Certificate of non-trading ◆ Stock transfer form ◆ One copy of the Articles of Association as ◆ Letters of resignation of the first nominee lodged on incorporation officers ◆ Statutory registers in looseleaf format All documents are presented in a smart A4 size wallet with secure fastening clasp. Any additional elements to the Primary pack will require an upgrade to either the Nine Star or the Ten Star formation packages. The Nine Star package is an enhanced formation package providing useful post NINE STAR incorporation documentation in addition to the core elements comprising: ◆ Certificate of incorporation and minutes of first board meeting, ◆ One copy of the Articles of Association as downloadable statutory forms, blank stock lodged on incorporation transfer form, What Next? guidance notes to ◆ One bound copy of the Articles of post incorporation requirements, copies of Association incorporating any changes since the forms filed at Companies House incorporation ◆ Statutory and other useful registers bound ◆ York Place exclusive Forms Pack with into a hard backed combined register enclosures guide including director’s resolution to appoint new officers, resignation letters of first officers, certificate of non-trading, stock transfer form, agenda The Nine Star classic package is presented in a durable black slip case. The Ten Star package is a fully comprehensive formation package leaving nothing to TEN STAR chance. The package consists of all the essential elements for the formal incorporation of the company together with fully completed post registration minutes, statutory forms and registers and includes: ◆ Certificate of incorporation ◆ Share certificates prepared and ready for ◆ Stock transfer form signature ◆ One copy of the Articles of Association as ◆ Downloadable statutory forms for post lodged on incorporation incorporation use, What Next? guidance ◆ Two bound copies of the Articles of notes, copies of forms filed at Companies Association incorporating any changes since House incorporation ◆ Statutory and other useful registers fully ◆ York Place exclusive forms pack with completed and secured in a top quality A4 enclosures guide including director’s size looseleaf register housed in a boxed resolution to appoint new officers, slip case for easy shelf filing. A useful ID resignation letters of first officers, certificate pocket on the spine makes for easy retrieval of non-trading ◆ Company seal in hand plier style presented ◆ Fully completed first board minutes in a black vinyl wallet ◆ Fully completed statutory forms The Corporate package consists of a formation package and first full year annual CORPORATE support service comprising: ◆ Preparing the first board minutes which ◆ Advising on duty payable on share document the first officers and shareholders/ movements members, bankers, accounting reference ◆ Preparing and filing the Annual Return date and other important elements ◆ AGM documentation including notices, ◆ Providing a nominee secretary or joint resolutions and minutes if required secretary ◆ Providing update summaries of the ◆ Providing a registered office if required shareholders/members, officers, location of ◆ Filing all necessary documents with records etc. on request Companies House ◆ Telephone advice service on matters of ◆ Updating and maintaining the statutory compliance records to reflect changes of directors/ members and share transfers and allotments The revolutionary e-pack ordered online @www.yorkplace.co.uk provides by e-PACK electronic delivery (for private limited companies only): ◆ Certificate of incorporation ◆ Articles of Association ◆ Transfer documentation ◆ Statutory registers The documents can be printed and hard copies retained in the company file. Alternatively the statutory records can be retained on your pc for security and update purposes. York Place Company Formation page 2 of 4/Apr 2015/8530 ◆ Company Format ion ◆ What is a Company? A company is an association of people formed together for some common purpose. The registration process makes a company a legal person, distinct from its members and directors. It can therefore: ◆ Articles of Association – must be carefully drafted to ensure that Enter into contracts in its own name the company has the power to do what it needs to do and that its Sue and be sued in its own name internal regulations are suitable Buy, sell and lease property in its own name ◆ Share capital – every company with a share capital must state the Type of corporate structure denomination and currency of its shares (For guarantee companies, The Companies Act permits the following structures: the members guarantee to pay a fixed sum on winding up) Limited by shares – private or public ◆ Directors – all companies need at least one director and a sole Limited by guarantee director must be a natural person. Public companies need two. Unlimited A qualified secretary is required by a public company but this is Registration Requirements For incorporation the following optional for private companies information and documents are required: ◆ Shareholders/Members – at least one is required ◆ Company name – must be chosen carefully to avoid conflicts with ◆ Address of the registered office – the address which will receive existing names and must not contain any controlled words without official correspondence. This may or may not be the same as the permission trading address What type of Company? If you are looking to set up in business for profit you will need least 25% paid up before you can start trading. one of our commercial company packages. The majority of the An unlimited company is similar in format to a private limited companies incorporated are private companies limited by shares. company. The members have unlimited liability but the company This is the most popular and flexible format for companies set up does not have to file accounts at Companies House. We recommend to trade for profit. A public company will give you
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