Company Formation in Nottingham
What is Company Formation?
Company formation is the process of incorporating (registering) a business in the form of a limited company. When a company is registered, it becomes a separate legal entity; a ‘person’ that is completely distinct from its owners and responsible for its own finances, assets, and liabilities.
Company Formation Agent
What is a Company Formation Agent?
The core service of company formation agents is, as the name suggests, to incorporate companies. This essentially covers the successful creation and registration of a new company with Companies House, so that a new business can get on its feet and begin trading. As well as the incorporation of standard limited companies (i.e. those with shares), agents will normally be able to also form companies limited by guarantee (e.g., non-profit organisations) and limited liability partnerships (LLPs).
As well as the core service of streamlining incorporation, formation agents often provide a range of products and services designed to meet the needs of startups and new business ventures, including:
- Company secretarial support
- Registered office address
- Business bank account
limited liability company LLC
What is Limited Liability Company?
How to set up a Limited Liability Company? A Limited liability company (LLC) is a business structure that provides its owners with limited liability. A limited liability company, also known as an LLC, is a business structure that is a hybrid of a corporation and a partnership. A Limited Liability Company (LLC) is a type of business structure that combines the tax advantages of sole proprietorships and partnerships with the limited liability afforded by companies. The Limited Liability Company (“LLC”) has several advantages. One advantage is that it is a separate legal business entity with its own tax identification number.
Numerous countries recognize the Limited Liability Company as a business structure (LLC). The Limited Liability Company LLC arose from the desire of business owners to adopt a business structure that would allow them to operate like a traditional partnership. Pass-through taxes, in which Limited Liability Company LLC income and losses are transferred to each member’s personal tax return, allows for greater tax flexibility. One of the numerous advantages of a Limited Liability Company (LLC) is that it shields your assets from corporate debt.
Set up a Limited Liability Company (LLC) to increase the legitimacy of your company. A Limited Liability Company (LLC) is an unique type of business structure. You can form an LLC with or without partners to protect yourself from personal liability for company debts and other obligations. Because the Limited Liability Company LLC is a relatively new legal form for businesses, the federal and state governments are still considering ways to tighten regulations governing them. Regrettably, some investment promoters use Limited Liability Company (LLC) to bypass securities laws. Accounting for a Limited Liability Company is similar to accounting for a partnership or sole proprietorship, with a few key differences. Forming a limited liability company is simpler, faster, and less expensive than incorporating. The limited liability company is a relatively new type of organization, but it is getting momentum. Many businesses nowadays choose a limited liability company as their business structure.
Benefits of Company Formation Services
What are the Benefits of Company Formation Services?
Fast Turnaround And Low Cost
A new company can often be incorporated by an agent on the same working day, in a matter of hours. Because listed formations agents have their systems set up and tested with Companies House, this minimises any delays and ensures rapid incorporation.
Efficiency And Simplicity
Setting up a company through a formation agent generally makes the process of incorporation more straightforward. This is because everything has been optimised to simplify the process for customers, making the online application extremely user friendly and cutting out any unnecessary jargon.
Help Avoid Rejection
As well as providing assistance with any questions relating to the completion of incorporation applications, company formation agents are also able to review the submitted application. This vital review procedure helps reduce the possibility of rejection due to minor discrepancies and mistakes.
Agents Handle Any Type of Business Set-up
A wider range of company structures can normally be incorporated online via a company formation agent: Private companies limited by shares, Private companies limited by guarantee, Limited liability partnerships (LLP)
Protect Your Application
Your company formation agent will meticulously review the details you have provided by checking spelling mistakes, missing information, irregularities, and any other potential application hindrance. Companies House may reject erroneous applications.
A Simple Online Application
If you register a company by yourself then you will have to fill out Companies House form IN01. This is quite an extensive form. However, business owners who use company formations agents have to fill out a simple online application form that takes a mere few minutes.
How can Seagrave French help you?
How can Seagrave French help you?
“Do you want to take the risk of forming your own company?”
There’s more to consider than just buying a cheap ready-made company on the internet!
We can assist you with company formations for…
- An off the shelf ready-made company;
- A tailor-made company;
- Limited Liability Partnership;
- PLC formation;
For urgent requests, we can also arrange same day formations.
To check the availability of a Limited Company name, you can use the Companies House Information Service. Type in the name you want, select the option for “Company Name Availability Search” and see if it comes up in the list.
Our Company formation packages can include…
- Advice on the pros and cons of incorporation in your own situation;
- Appointment of directors;
- Appointment of company secretary;
- Issue of subscriber shares;
- Registered office services;
- Completion of all necessary minutes and resolutions;
- Assistance in opening a bank account;
- Tax review with regard to company formation – forming the company yourself and getting this wrong can be very costly!
- VAT Registration
- Company registration for Corporation Tax;
- Set up of Company PAYE scheme;
- Book-keeping set-up advice;
- Business Plans
- Assistance with raising finance.
Whatever your ambitions, we will commit to them wholeheartedly and deliver the premium accountancy services you deserve. Get in touch today to book a chat with our chartered accountants in Nottingham at Seagrave French.