The Company Formation Process: 8 reasons why your Final Summary page is so important

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Here’s why the Final Summary page is so important.

The Final Summary page is the last step before your company formation application is sent to Companies House. The purpose of the page is to give you the opportunity to review – and change if necessary – the information that you have provided. The summary page is broken up into eight sections, hence 8 reasons why your Final Summary page is so important:

Company

Is your company name spelt correctly? Are you sure it’s the name you want?. Select “change” if you spot a mistake or have a last minute change of heart.

Registered Office

You know this address is on the public register, right? Therefore if you’re using your residential address, ask yourself one final time “Am I happy for this address to be made public?”. Oh, and check that the spelling is correct (that’s the last time we’ll mention “check the spelling!”).

Directors

Is the date of birth correct? Is the residential address correct? You know the service address is on the public register too?

Shareholders

Check over the amount of shares you’re allocating, the value of these shares and the currency.

Secretaries

Choosing to appoint a secretary (it is an optional appointment)? Make sure everything is correct here.

Articles

Did you mean to upload your own articles? If yes – here’s your last chance to do so if you haven’t already.

eReminders

Would you rather receive email reminders instead of letters when your annual returns and annual accounts are nearing their due dates? Select “change” if the answer is “yes” (the default is “no”).

Company Name

Your final chance to check over and change the company name (you can change it after the company has been formed but there is a fee).

There you go – 8 reasons why your Final Summary page is so important. Whilst it is possible to change all of the above after the company formation, some of the processes to make the changes can frankly be a nuisance (share issues in particular). And the majority of the information provided will always be on the public register (the directors residential address is not) – even if you were to change it straight after the company were formed.

Do you have any questions regarding the company formation process or making changes post-company formation? Our team will be happy to help: Contact Us

This post was by Mathew Aitken at MadeSimpleFind Mathew on Google+

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