. First and foremost, the principal benefit of trading via a limited company has always been the limited liability bestowed upon the company's officers and shareholders. As a sole trader or other non-limited business, personal assets can be at risk in the event of a failure of the business, but this is not the case for a limited company. As long as the business is operated legally and within the terms of the Companies Act, directors or shareholders personal assets are not at risk in the event of a winding up or receivership. And as often happens on occasion, such events are not always under our own control. There is no obligation for a limited company to commence trading within any set time period after its incorporation.
If a limited company becomes insolvent and is wound up only the assets of the company are used to try to clear its debts. The officers of the company have no personal liabilities and are not made bankrupt and are free to incorporate another company. The shareholders are liable only to the extent of any unpaid shares held which is rare. By contrast, if you trade as a partnership or as an individual, the creditors can claim on all your property to satisfy the debts, and if this is insufficient you may be declared bankrupt. An undercharged bankrupt is forbidden to start another business or to become a director of a limited company.
Starting up in business: we are able to arrange tax planning and structured corporate advice and solutions, utilising the advantages of double tax treaties, trusts and Limited Liability Partnerships along with other structures and support. Allow us to help you register your company and get it running, to select the best business for incorporation, or to form your company with the Companies House. Same day companies formation for £32.00. This means that the registration of a limited company is one simple and low cost method to protect a business name. Company formations usually completed in 4-6 hours using Companies House online business registration services. Our methods rely heavily on information-searches made by electronic means, either from local disks and servers, or from specialised, restricted-access websites. Apart from reducing the clutter, this approach has been shown to yield substantially faster and more accurate results, not only providing a superior service to traditional law-book based approaches, but also significant savings which we try to pass on to our clients. We supply expert advice in navigating English legal and business systems helping you to incorporate in England, Scotland, Northern Ireland and/or the Republic of Ireland. If you have an idea for a business, we can also assist you in start-up your new business directly in the UK from the ground up. Starting a business in the UK can be a fairly simple and painless process. Let us know how we can help you to start a business.
Choose one of the following packages that will best serve you:
Further information
Coddan CPM LTD - specialists in United Kingdom, Scottish and Irish business start up advice, resources and solutions. With Coddan your business start up idea can literally become a reality in hours! We offer everything a business incorporation or growing business needs right from free advice through to electronic company formation & company registration, Irish company formation, Scottish company formation, business stationery/business cards, website templates, domain registration, compliance software, virtual offices, accountancy, financial services, trademark registration, marketing, e-commerce plus much more. LIMITED LIABILITY - what does it really mean? First and foremost, the principal benefit of trading via a limited company has always been the limited liability bestowed upon the company's officers and shareholders.
As a sole trader or other non-limited business, personal assets can be at risk in the event of a failure of the business, but this is not the case for a limited company. As long as the business is operated legally and within the terms of the Companies Act, directors or shareholders personal assets are not at risk in the event of a winding up or receivership. And as often happens on occasion, such events are not always under our own control. Operating as a limited company often gives suppliers and customers a sense of confidence in a business. Quite often, larger organisations in particular will prefer not to deal with non-limited businesses. Many of the costs associated with managing and operating a limited company are no longer much greater than with a non-limited business.
Accountants and other professional advisers often have conflicting views on when they consider the benefits of being limited to outweigh the advantages of being self-employed. In general terms, at least from the perspective of taxation and accountancy, changes to legislation over the last few years have meant much lower costs associated with limited companies.
British company formations should be quick and painless - whether you are an accountant for whom company start-up is a frequent activity or an individual ordering your first company registration. We were the first incorporation agent in the world to offer a complete online UK company incorporations service and we continue to refine our ordering system, which has been widely praised for ease of use.
If you want to become familiar with the description and the contents of limited companies filing packages, offered by Coddan CPM LTD and to find above, what kind of service is included in this or that British companies registration package, to get an idea about the price of annual renewal of the service, and about the general legal requirements to the company incorporation within United Kingdom, please, select the package you need from the list, situated below the banner. The information in the banner will be renewed according to the package you've chosen. There is no obligation for a limited company to commence trading within any set time period after its incorporation. This means that the formation of a limited company is one simple and low cost method to protect a business name.
Whilst this does not in itself give any rights to use of the business name, many clients incorporate companies in anticipation of future development of new businesses or in order to protect the limited company name of an existing non-limited business for the future. No two limited companies can exist with exactly the same name. If a limited company becomes insolvent and is wound up only the assets of the Company are used to try to clear its debts. The Officers of the Company have no personal liabilities, and are not made bankrupt, and are free to incorporate another company. However, the shareholders are liable only to the extent of any unpaid shares held. By contrast, if you trade as a partnership or as an individual, the creditors can claim on all your property to satisfy the debts, and if this is insufficient you may be declared bankrupt.
An undercharged bankrupt is forbidden to start another business or to become a director of a limited company. Maximising the Benefits of a Limited Company - TAX BENEFITS.
Holding Company is a company that usually confines its activities to owning stock in and supervising management of other companies. A holding company usually owns a controlling interest in the companies whose stock it holds. In order for a corporation to gain the benefits of tax consolidation, including tax-free dividends and the ability to share operating losses, the holding company must own 80% or more of the voting stock of the company. A company may own one or more other companies which are its subsidiaries. The relationship between parent and subsidiary depends on majority control of the voting rights of shares or the ability to appoint the majority of directors.
The precise definition of a holding company is in section 736 of the Companies Act 1985. In June 2002 the UK government introduced a capital gains tax exemption for UK companies with substantial shareholdings in another company. The new rules have now been clarified and apply to UK registered companies, foreign registered companies resident in the UK for tax purposes, as well as UK branches of companies registered outside the UK. If you want to become familiar with the description and the contents of UK holding companies formation packages, offered by Coddan CPM LTD and to find above, what kind of service is included in this or that holding companies incorporation package, to get an idea about the price of annual renewal of the service, and about the general legal requirements to the holding company registration within United Kingdom, please, select the package you need from the list, situated below the banner.
The information in the banner will be renewed according to the package you've chosen.
Offers company formation, ready-made company registration for UK limited companies. Online United Kingdom Company Registration Services. Company Formations & Company Registration, a Limited Company registration with Coddan Company online registration Services. Your company. Starting, running, closing your company. Lodging changes to company details, offers advice on starting a business, as well as company formation, business stationery and cards, web site templates, and domain registration services. We also incorporate, legally structure, administer and manage limited companies and business entities on behalf of our clients in most recognized jurisdictions Internationally and Offshore.
Limited Liability Partnerships (LLPs) Business Company Formations have considerable expertise in advising on and setting up LLPs. International Business Companies (IBC's) We can incorporate, administer and manage IBC's on behalf of our clients in tax benign recognised jurisdictions Internationally and Offshore. Company Secretarial Our company secretarial service is renowned as being one of the most fully comprehensive company secretarial service for private limited companies either on an annual consultancy basis or an ad-hoc company secretarial basis. Directors Disqualification Proceedings Business Company Formations can provide assistance to directors targeted by the Office of the Director of Corporate Enforcement (OCDE) for alleged unfit conduct and disqualification.
Insolvency & Corporate Recovery Advice to insolvency practitioners on Directors' responsibilities and the disposal of assets. Document Legalisation Services Coddan have in place arrangement for the legalisation of documents either through Supreme Court, Embassy, and or the British Foreign & Commonwealth Office (FCO). Translation services where required are also available. Trademark Registration Services We provide search, preparation and assistance with Trademark filing services in most recognised jurisdictions. Legal Forms & Stationary Coddan provide a range of legal forms and legal stationary products.
This is our most popular package with UK residents, and includes: The submission of forms detailing your company's executive officers The registration of your £1,000 authorised share capital (a minimum of one share must be issued) Company formation is usually achieved within 6-8 workday hours (Companies House permitting) Payment of UK legal and initiation fees The appointment of your own candidates as directors and secretary (a minimum of two people are required) The following documents will be e-mailed to you (Note: these documents are to be printed and signed): Electronic Certificate of Incorporation (PDF) Electronic Memorandum & Articles of Association (MS Word) Minutes of the First Meeting of Directors (MS Word) Share Certificates and company Register
Economy Package
£ 82.00
Annual Maintenance Fee £50.00
This is our most popular package with EU residents, and includes: The submission of forms detailing your company's executive officers The registration of your £1,000 authorised share capital (a minimum of one share must be issued) Company registration is usually achieved within 6-8 workday hours (Companies House permitting) Payment of UK legal and initiation fees The appointment of your own candidates as directors and secretary (a minimum of two people are required) A registered office address for 12 months, provided by Coddan An application form for the following year's renewal of the Registered Office Address service (£50.00) Annual Return and Annual Account reminder The following documents will be e-mailed to you (Note: these documents are to be printed and signed): Electronic Certificate of Incorporation (PDF) Electronic Memorandum & Articles of Association (MS Word) Minutes of the First Meeting of Directors (MS Word) Share Certificates and company Register
Premier Package
£ 131.95
Annual Maintenance Fee £99.95
This is our most popular package with small business, and includes: The submission of forms detailing your company's executive director The registration of your £1,000 authorised share capital (a minimum of one share must be issued) Company incorporation is usually achieved within 6-8 workday hours (Companies House permitting) Payment of UK legal and initiation fees Applicant appointment of director for company (appointed electronically) A registered office address for 12 months, provided by Coddan An application form for the following year's renewal of the Registered Office Address service (£50.00) Nominee company secretary service for 12 months (next year - £49.95) Annual Return and Annual Account reminder The following documents will be posted to you (these documents will be sent via Royal Mail): The original laminated Certificate of Incorporation A bound copy of the Memorandum and Articles of Association The Minutes of the First Directors' Meeting Two printed share certificates and Company Register
Deluxe Package
£ 256.95
Annual Maintenance Fee £224.95
This is our most popular package with overseas residents, and includes: The filing and registration of your company in England The registration of your £1,000 authorized share capital (a minimum of one share must be issued) Company formation is usually achieved within 6-8 workday hours (Companies House permitting) Payment of UK legal and initiation fees A registered office address for 12 months, provided by Coddan An application form for the following year's renewal of the Registered Office Address service (£50.00) Nominee Company secretarial service for 12 months (next year - £49.95) Coddan provides a company nominee director service for 1 year (next year - £125.00) The name of the nominee director & secretary will appear as a public record Annual Return and Annual Account reminder The following documents will be posted to you (these documents will be sent via Royal Mail): The original laminated Certificate of Incorporation A bound copy of the Memorandum and Articles of Association The Minutes of the First Directors' Meeting Two printed share certificates and Company' Register A pre-signed, undated letter of resignation from the nominee director A General Power of Attorney signed by nominee director An indemnity Letter for General Power of Attorney A nominee service agreement which provides for the indemnification of the nominees
Name Protection
£ 22.00
Annual Maintenance Fee £60.00
The purpose of this package: This package allows you to register a company name with Companies House and thus prevent this name being used to form a company by anyone else This package includes: The registration of a non-trading limited company with your choice of name Payment of UK legal and initiation fees A nominee director A nominee secretary A nominee shareholder A registered office address Management of the company: Coddan will file the annual return and dormant company accounts on your behalf for an annual fee of £60.00 If you do not wish to renew the management option at the end of term, the company will be dissolved
Business Start-Up: Legal Requirements
Company subscribers may be residents outside the UK You must appoint a minimum of ONE Director There is no maximum number of Directors Directors can be corporate bodies or private individuals A Director can be of any nationality Directors need not be formally trained All companies must appoint a company Secretary Secretaries can be corporate bodies or private individuals A Secretary can be of any nationality. If there is only ONE Director he or she CANNOT also be the Secretary A company must have a minimum of one shareholder who may be a corporate body or an individual No minimum paid up share capital A minimum of one share may be issued Capital may be denominated in any currency Shareholders and directors meetings may take place outside Great Britain The company is required to have a registered office in the UK
FORMING COMPANY IN ENGLAND. UK LIMITED COMPANIES FORMATION BENEFITS
Coddan CPM LTD - specialists in English, Scottish and Irish business start up advice, resources and solutions. With Coddan your business start up idea can literally become a reality in hours! We offer everything a business incorporation or growing business needs right from free advice through to electronic UK limited company registration, Irish company formation and Scottish company establishment, business stationery/business cards, website templates, domain registration, compliance software, virtual offices, accountancy, financial services, trademark registration, marketing, e-commerce plus much more.
You do not have us acting on your behalf as initial nominee company officers. This means you have less paperwork to sort out and it will make the opening of your limited company bank account easier. With our new online electronic company formation services you now have more choice on how we form your limited company. You no longer need to have us acting on your behalf as nominee company officers and shareholders. We can form your private limited company with your own directors, company secretary and shareholders etc., right from the start of your limited company formation.
Clients can verify whether their proposed name has been registered or incorporated and obtain information regarding business entities and not-for-profit organisations operating in England, Scotland and Northern Ireland by conducting corporate name and unincorporated business name and limited partnership searches of the UK public record. The Companies House records the name and company number of UK corporate entities that are incorporated, continued, amalgamated or licensed to do business in the United Kingdom. The public record is comprised of companies, which conduct business for profit as well as not-for-profit organisations such as charities. Finding and Using Information on This Page:UK Private Limited Company Formation Benefits | Benefits of Starting Your Own Company | Limited Liability - What Does It Really Mean? | Limited Company Advantages & Disadvantages |
Our Service
We provide a fast online service for company registration, LTD company formation, and business incorporation in England, Wales and Scotland. When first setting-up a business there are many issues to consider. You need to decide whether or not to incorporate your business, and to choose a structure for your business. There are several types of legal business entities which you can choose to operate as. For more information on these choices, follow the links below. We advise that professional legal and financial advice is obtained before a final choice of business entity is made.
Coddan is a leading service provider in the field of English, Scottish and Irish company formation and company registration. We can help you in starting a business in England & Wales Scotland and Northern Ireland. Over 95% of our companies are incorporated within 6 hours. The electronic submission of information enables a fast company start-up satisfying all of the required legal formalities: a director, a secretary, a registered office and shareholders. Our electronic filing software has been approved by Companies House.
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With our E-Quick UK LTD Company, you can choose the name your require, as long as it's not already in use. You advise us of 2 possible company names you would like. We will
U.K. Limited Companies
Benefits of a Limited Company
£ 32.00
This is our most popular package with UK residents, and includes:
The submission of forms detailing your company's executive officers
