Monday, January 20, 2020

Help You Register Your Company











About:

You can run your business as a company. This means the company:

  • is legally separate from the people who run it
  • has separate finances from your personal ones
  • can keep any profits it makes after paying tax
What you’ll need to do

To set up a company you need to register with the authorities. This is known as ‘incorporation’.

You’ll need:

  • a suitable company name
  • an address for the company
  • at least one director
  • details of the company’s shares - you need at least one shareholder
  • to check what your SIC code is - this identifies what your company does

You’ll also need:

  • shareholders to agree to create the company and the written rules (known as ‘memorandum and articles of association’)
  • details of people with significant control over your company, for example anyone with more than 25% shares or voting rights

Once you have these details, you can register your company.

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