As an accountant you’re not short on choice when it comes to forming companies for your clients. However, there’s only one company incorporation service accredited by ICAEW; Company Formation MadeSimple. In this article we’re sharing seven reasons why forming and administering your limited companies with ICAEW’s preferred registration agent makes your life… simple. (And there’s more benefits to be had than just the price!). Continue reading
The Standard Industrial Classification code (or SIC code) is a code that outlines the industry that a UK limited company operates in – or is going to operate in. It used to be that SIC code information wasn’t required until a company filed a Confirmation Statement (then known as the Annual Return), however, it’s now required as part of the company formation process. Continue reading
If you’re thinking of setting up your own limited company, one concept you’ll need to get to grips with is the whole area of shares.
Once you have picked and paid for your company formation package you can complete the formation at a time convenient to you, whether that’s straight after payment or even a few months later. Continue reading
When appointing a director for a limited company you will have to provide a service address. In this post we’re going to explain what the service address is, the difference between the service address and the registered office, and how to go about changing the service address. Continue reading
When you form a limited company your company is placed on the Companies House register (Companies House are the UK’s registrar of companies). In this post we’re going to look at the ‘Status’ field on the register and explain why your company may have an ‘Active’ status. Continue reading
So you know what a director is (the person who runs the company), what a shareholder is (the person who owns the company), what a person with significant control is (the person who really owns the company) and what a secretary is (the person who takes care of the company admin… if you want to appoint one) but what on earth is a subscriber? Let’s take a look.
The first step of the online company formation process is to check the availability of your proposed company name. If the name is available you then choose your package, make payment and then fill-out your company details. But what if you make payment and then change your mind about the company name? Is it too late to change it? Read on to find out. Continue reading
The UTR is a 10-digit number unique to your company that’s issued by HM Revenue and Customs (HMRC). HMRC are notified once as your company has been formed, they’ll then mail (regular mail, not email) your company’s UTR to the Registered Office normally within a few weeks of incorporation. You need not do anything, this all happens automatically once your company has been formed. Continue reading