{"id":5791,"date":"2019-02-11T18:22:34","date_gmt":"2019-02-11T18:22:34","guid":{"rendered":"https:\/\/www.qualitycompanyformations.co.uk\/blog\/?p=5791"},"modified":"2025-03-04T15:19:38","modified_gmt":"2025-03-04T15:19:38","slug":"how-to-form-limited-company","status":"publish","type":"post","link":"https:\/\/www.qualitycompanyformations.co.uk\/blog\/how-to-form-limited-company\/","title":{"rendered":"How to form a limited company: 5 requirements"},"content":{"rendered":"
The UK has worked hard to make starting your own company easy, and this includes incorporating your business as a limited company. Below, we provide a list of 5 <\/span>things<\/span> you\u2019<\/span>ll<\/span> n<\/span>ee<\/span>d <\/span>before you begin the <\/span>process<\/span>.<\/span><\/span>\u00a0<\/span><\/p>\n <\/div>\n <\/div>\n \n One of the most exciting aspects of company formation is choosing a company name<\/span><\/span><\/a>.<\/span><\/span> Here <\/span>are <\/span>the <\/span>rules <\/span>when it comes to naming your company<\/span>:<\/span><\/span><\/p>\n For further guidance, refer to the official guidance on company name rules and requirements<\/a>, which includes the full list of restricted ‘sensitive’ words and expressions.<\/p>\n Your company\u2019s\u00a0registered office address<\/a> is its official address. Every registered company in the UK must have one.<\/p>\n This is the address governing bodies use to send official company correspondence, and where legal documents will be deemed to have been ‘served’ if delivered to. This will also be the address where you store your statutory company registers for inspection unless you nominate a SAIL address. There are several rules regarding the type of address you can use as a registered office:<\/p>\n It\u2019s important to note that your company\u2019s registered office address will be made publicly available on the central register of companies<\/a>. Therefore, it is not ideal to use your residential home address.<\/p>\n To protect your personal address from being available publicly, Quality Company Formations offers a handy Registered Office Address Service<\/a>. For just \u00a339 +VAT per year, you can register your office from our prestigious Covent Garden location. We will scan and email your incoming government mail to you the same day we receive it, so you never miss an important document.<\/p>\n All company directors, secretaries, subscribers, <\/span><\/span>People with Significant Control<\/span><\/span><\/a> (PSC), and LLP members need to provide a service address when incorporating a company. The service address is the official correspondence address that government bodies such as HMRC and Companies House use to contact <\/span>these people <\/span>regarding <\/span>their<\/span> role in the company.<\/span><\/span>\u00a0<\/span><\/p>\n The following rules apply to a service address:<\/p>\n Just like your registered office address, the service address will be displayed on the public register.<\/p>\n Again, for those who wish to protect their\u00a0personal address from being\u00a0<\/span><\/span>publicly available, Quality Company Formations offers a\u00a0Director’s Service Address<\/a>. For just \u00a326 +VAT per year, you can have your service address mail sent to our Covent Garden address, and we will scan and email this to you the same day we receive it.<\/span><\/span><\/span><\/p>\n To form a limited company, you will need to appoint at least one natural (human) company director<\/a>. It is their responsibility to make decisions on behalf of the company and oversee day-to-day operations. Almost anyone is allowed to be a company director, the only restrictions being:<\/p>\n Directors aren\u2019t fixed appointments. New ones can be appointed and old ones can be removed as necessary after incorporation.<\/p>\n Members are the people who own a company, and you will need at least one member to register your company.<\/p>\n The vast majority of companies are private companies limited by shares, whose purpose is to make a profit and distribute it to the owners, otherwise known as ‘shareholders’.<\/p>\n Where the company is to be limited by guarantee, the members are known as ‘guarantors’, as they agree to \u2018guarantee\u2019 a certain amount of money to pay into the company if it ever experiences financial difficulty.<\/p>\n\n Key Takeaways<\/span>\n <\/h3>\n
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What do I need to form a limited company?<\/h3>\n
1. A company name<\/h4>\n
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2. Registered office address<\/h4>\n
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3. Service address<\/h4>\n
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4. At least one director<\/h4>\n
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5. At least one member<\/h4>\n