Are you in need of help with setting up a Limited Company?
TWC can assist you in setting up a limited company when starting your business.
To do so we do the following as a minimum:
- Make sure the company name you choose is available and appropriate for your business and goals (often names can hinder business success.)
- Offer a comprehensive company formation service so that you can start trading as a limited company as soon as possible by following all the legal requirements.
This will include the following:
- Allotment of shares
- Supply of Memorandum & Articles of Association
- Recording the appointment of Directors and Company Secretary if required
- Provide written resolutions as required to dispense with the laying down of accounts at the AGM
- Recording the Registered Office of your Company
But in addition TWC can assist with the following, this will be covered in a face to face meeting:
- Is a limited company actually suitable, or would a different ownership structure be appropriate?
- Where do you want the company office to be registered?
- Discuss, plan and execute the best share structure for the company, for e.g. should family members acquire shares to assist in distributing profits and ownership?
- Should property be held by the limited company? Or in a separate legal entity?
- How are vehicles to be treated and the tax implications?
- Will the business lease assets and what personal guarantees are required?
- What is the goodwill value and capital gains tax implications?
- How will the directors and shareholders get paid – what is the most tax efficient manner?
- What taxes should the business register for, VAT, PAYE are the most popular
- What are the legalities of changing the business structure to a limited company?
- What will happen to the ceasing business?
- The sale and purchase of assets been to be considered
- Banking and accounting also need to be discussed
- Final VAT returns, transfer of a going concern
- Employment contracts
- Shareholder and director agreements
As you can see simply going online and paying for a cheap Limited company can be detrimental if the above matters are not considered. TWC will take you through the entire business incorporation process to ensure that everything has been considered along with implications.
Ring the team to see how we can help.