How to Register my company to start trading
- Thread starter coley
- Start date
www.companieshouse.org.uk is where to file for your companies incorporation.
I would suggest speaking to a lawyer or accountant as you have to have certain things, Articles of Association, Minutes of Meetings appointing directors and company secratary.
You could try www.treasureguard.com to see if they can help. They act as accountants for my company and keep me right with Tax etc. They also setup the Limited Company for me and produced all the required documentation, share certificates etc.
Tell them Gary Hay from GEAC Ltd recommended them please.
Hope that helps
I would suggest speaking to a lawyer or accountant as you have to have certain things, Articles of Association, Minutes of Meetings appointing directors and company secratary.
You could try www.treasureguard.com to see if they can help. They act as accountants for my company and keep me right with Tax etc. They also setup the Limited Company for me and produced all the required documentation, share certificates etc.
Tell them Gary Hay from GEAC Ltd recommended them please.
Hope that helps
http://www.companieshouse.gov.uk/
Companies House is where you need to start.
They will help you get "incorporated".
You should also decide is you need a Ltd Company or a Limited Liability Partnership.
I have one of each for two different businesses that i have.
You will also need to decide if you need to be VAT registered or not, and if you do apply for your VAT registration ASAP as I know they have a backlog at the moment.
Companies House is where you need to start.
They will help you get "incorporated".
You should also decide is you need a Ltd Company or a Limited Liability Partnership.
I have one of each for two different businesses that i have.
You will also need to decide if you need to be VAT registered or not, and if you do apply for your VAT registration ASAP as I know they have a backlog at the moment.
Most of the process such as appointing directors and company secretaries is just filling in a form.
Be wary of paying too many professionals to do form filling for you.
If you're switched on you can do it yourself, but it may be quicker to use an incorporation agent such as the one suggested in the above post.
Be wary of paying too many professionals to do form filling for you.
If you're switched on you can do it yourself, but it may be quicker to use an incorporation agent such as the one suggested in the above post.
I would recommend registering for VAT.
It does give the impression of being a small outfit if you're not.
And i found even when starting off small it's better to give the impression that you are as bigger rather than smaller.
You don't have to reach a particular turnover level before you register. I've just registered a company before any trasactions were recorded at all.
I would also recommend setting up a bank account off your main business account to accrue the vat you recieve from client payments. Then it'll all be there for your quarterly return.
Little measures and systems like his help enormously to allow you to concentrate on your business development rather than the administration of the business.
It does give the impression of being a small outfit if you're not.
And i found even when starting off small it's better to give the impression that you are as bigger rather than smaller.
You don't have to reach a particular turnover level before you register. I've just registered a company before any trasactions were recorded at all.
I would also recommend setting up a bank account off your main business account to accrue the vat you recieve from client payments. Then it'll all be there for your quarterly return.
Little measures and systems like his help enormously to allow you to concentrate on your business development rather than the administration of the business.
Hi Mark. How's you?
Wise words anyhow and a good idea to do the same for corporation tax, PAYE returns etc.
Coley
It appears you already have the business so I am not sure registering for VAT will help you. In fact if you charge VAT and dont get paid by a client you will have to pay the VAT man at the next return. This will also hike your price by 17.5% and if you don't but much that you can claim back for then it's IMHO not worth registering.
I am now on my 3rd Business. 1st with a partner, 2nd with an Umberella, now on my own.
PM me if you want any info, I'll try to help if I can
It appears you already have the business so I am not sure registering for VAT will help you. In fact if you charge VAT and dont get paid by a client you will have to pay the VAT man at the next return. This will also hike your price by 17.5% and if you don't but much that you can claim back for then it's IMHO not worth registering.
I am now on my 3rd Business. 1st with a partner, 2nd with an Umberella, now on my own.
PM me if you want any info, I'll try to help if I can
Unless your customer uses the 'Self Billing' system, which gets around this problem.
Or, if not, and the debt becomes bad you can claim the VAT element back straight away now.