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Limited Company Formation

Company formation is a legal requirement in the UK if you wish to operated a private limited company and can be undertaken quite easily online the same day in a matter of hours. These services are never free because companies house make a small charge.

What types of companies can be formed ?

Generally online formation is for new (or ready-made) private limited liability company formations - not PLCs - public limited companies. You do not need to form a limited company if you are operating as a sole trader or in a partnership (LLPs - limited liability partnerships).

Most agents will form UK companies although they may be able to offer irish companies or offshore company formation in international tax free countries such as Gibraltar, Cayman Islands or Bahamas although the fees and timeline to complete this exercise are going to be higher.

How can you form a limited company ?

Limited company registration or formation is mostly undertaken online these days. There are registered company formation agents who interact with the government's companies house web site where the company is formed instantly and you'll receive all the paperwork electronically.

The company formation agents generally have many "off the shelf company" registrations or ready made companies" already formed. They will have registered these companies themselves and they will have one shareholder which is the agent. When you register this company for yourself the share will be transferred to you or another nominated person.

These ready made companies mean that it's a fast process (normally 3 hours) so you'll get your company number quickly if you need it for purchasing something.

You can also register something specific - but because this will be a brand new company the formation process may take a little longer and you may have to supply additional documentation.

Recomemded Formation Agents

There are many online agents that all have to be approved by companies house. A new site dedicated to offering formation services is called www.registermybusiness.co.uk and its aim is to guide you through the potential maze of forming your company.

Other agents include a1 company formations