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What type of companies can be formed on your website
We only incorporate companies limited by shares.
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How many directors / shareholders can I register for each company?
We only register one director/ shareholder. It’s easy to add directors and shareholders once the company has been formed.
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How long does it take to form a company?
Most companies are formed within one working day, but depending on Companies House checks, it can take up to 3 working days.
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What will I need to open a bank account?
The incorporation documents which are sent to you by email will be accepted by most banks.
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What are the charges?
Just 99p. There are no hidden charges.
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Do I need to provide proof of ID?
All formation agents have a legal obligation to check Proof of ID and Proof of Address documents. This is to ensure we comply with Anti-Money Laundering (AML) regulations and 'Know Your Customer' (KYC) requirements.
Our free online Proof of ID check ensures you to get validated quickly and simply.
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What is Companies House?
The registrar of Companies registered in England and Wales
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Definition of a limited company
A limited company is a lawful body produced by its incorporation with Companies House. A Limited company could be limited by shares or warranty. A company Limited by shares is the most common type of business in the UK.
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A Company Limited by warranty
A company limited by warranty does not have investors, yet as an alternative has participants that function as guarantors. This sort of firm is mainly for the functions of charitable organisations.
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What is an LLP?
LLP represents the Limited Liability Partnership that resembles regular company collaboration with the one distinction being that the individual liability of the companions is restricted.
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What sorts of companies can be form on your website?
Launch Right Ltd allows you to form Companies limited by shares.
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What is the Certification of Incorporation?
The Certificate of Incorporation is the primary record which demonstrates a company exists and has been enrolled under the necessities of the Companies Act 2006.
This record is often needed by financial institutions when opening up a company financial account.
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Who is a business director?
Directors are persons designated to run a business.
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Who can be a business’s director?
Just about anybody can be a chief of a restricted organisation, giving they are matured 16 or over, have not been proclaimed bankrupt and are not lawfully excluded from being an executive.
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Do I need to reside in the UK to be a director?
No, you do not need to be a UK individual to be a director of a limited company.
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Can a director be an additional company?
A corporate body or organisation can be a director of another organisation, however, it can't be the main executive – there must be no less than one other director who is a "characteristic" individual.
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Does a director need to be an investor in the business?
Directors are not needed to claim any shares in the organisation they run, yet they are allowed to. Additionally, a shareholder is not needed to be an executive of a business; however they are permitted to be.
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What are the major obligations of a director?
Directors are accountable for running a business legally and also attempting to make it effective. They need to comply with business regulations, choose for the firm's advantage, keep documents, and documents precise accounts and also return on schedule.
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Can I expel a director from my firm?
A director could be expelled from a business by a bulk ballot from the investors, or invalidated by a court or controlling physical body. If the regards to the director's written agreement or an investors' Business Secretary
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What is a business secretary?
A business secretary is by and large named to take care of a percentage of the executives' obligations, for example, keeping up and documenting statutory registers and organisation records.
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Who can be a business secretary?
Any individual or organisation can be a business secretary, and no formal capabilities are needed for secretaries of privately owned businesses. Nonetheless, the secretary can't be the organisation examiner or an 'undischarged bankrupt'.
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Do I require a business secretary to enroll an organisation?
A business secretary is no more a legitimate prerequisite since 6 April 2008, unless the articles of affiliation unequivocally oblige the organisation to have one.
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Can a director likewise be the business secretary?
An executive like the director may likewise be the business secretary. Since 1st October 2009, the Companies Act 2006 grants a solitary individual to hold each of the three positions of executive, shareholder and business secretary, without the necessity for a moment individual.
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Should I have a business secretary?
A business secretary can be helpful to decrease the workload of the Directors but it is no longer a legal requirement.
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For how long does the development procedure take?
Launch Right is a Companies House e-filing agent. By using our service, you could finish your online application in 5 minutes and also have your firm application with Companies House within a couple of hours (subject to working days and during office hours).
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Why does my business need to be signed up with Companies House?
Companies House is the registrar of firms in the UK. It is a lawful need for all minimal firms to sign up with Companies House.
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How and when do I obtain my incorporation Documents?
You will receive your incorporation documents on the same day as your company is formed.
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Do I need to pay the Companies House incorporation fee?
No. We take care of that for you.
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What occurs if my application is turned down by Companies House?
Sometimes this might occur and also it is normally as a result of an inappropriate firm name or insufficient information on your application. In most cases these problems can fixed quickly and you will be offered the chance to re-submit your online application with the appropriate specifics.
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Do I need to specify what my business is or the objects of the company?
You will be asked to provide a SIC (Standard Industrial Classification) code when you make your application. A drop-down list of all the available classifications is available at the appropriate juncture in the application. You only need to select one code, and it should be the code that is the most accurate. It is very rare to find an exact SIC match, so use a general SIC match if that is all that is available.
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How many people do I need to form a company?
You need a shareholder and a director. The shareholder and the director can be the same person, so a company can be formed with just 1 person. Shareholders are the owners of the company while the directors are the people responsible for managing a company. The director must be at least 16 years of age.
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What documents are required to create a company?
You do not need any documents to form a company, and the entire process is online. Our systems generate and submit forms IN01 and the Memorandum and articles of association on your behalf when you complete your order.
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What company name can I use?
Subject to specific rules, you can use any company name, provided it does not already exist or resembles another company name on the Companies House Register. Our name search box is linked to Companies House and will advise you if your proposed name is available.
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Will I still need an accountant?
For certain tasks we do recommend that you use an accountant.
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I don’t live in the UK, can I still open a UK company and bank account?
You can form a UK limited company regardless of your nationality or location.
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What are my statutory and legal requirements once I set up a Limited company?
Limited companies are required to file confirmation statements and annual accounts with Companies House. You or your accountant will need to submit annual tax returns and company accounts to HMRC.
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Do I need a business bank account?
It is not a legal requirement for a UK registered company to have a business bank account; however, in practice you will find it extremely hard to operate a business without its own bank account.
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What if I change my mind and don’t need the company?
Approximately half a million companies registered in the UK are dissolved (shut down) every year at Companies House, so if you decide you no longer need your company and want to shut it down, there is no need to worry – it happens fairly often! Launch Right can dissolve your company hassle free, at a cost of only £50+VAT.