Company Formation

Company Formation

Starting a business is an exciting venture, but managing the complexities of company formation can be challenging. At FSL Accountancy Limited, we are here to simplify the process for you, ensuring your business is set up correctly from the start.

What is Company Formation?

Company formation is the process of legally establishing a business as a separate legal entity. This involves registering your company with Companies House, obtaining the necessary documentation, and ensuring compliance with regulatory requirements.

Initial Setup & Registration

Complete registration process with Companies House and expert guidance on choosing the most suitable structure (limited company, partnership, sole trader) based on your goals.

Documentation & Governance

Professional assistance in creating your company's Articles of Association and use our address as your registered office to ensure compliance and maintain privacy.

Ongoing Support & Compliance

Continuous compliance support to maintain statutory requirements and avoid penalties, with dedicated expert guidance for your business success.

Benefits of Company Formation

Company formation provides numerous benefits including:

Limited Liability

Forming a limited company protects your personal assets from business debts, offering peace of mind as you grow your enterprise.

Professional credibility

A registered company can enhance your business's credibility and improve your chances of securing clients and contracts.

Tax efficiency

Certain structures may offer tax advantages, allowing you to optimise your tax position from the outset.

Access to funding

Being a registered entity can open up more avenues for investment and funding opportunities

Responsibilities on becoming a director of a limited company

As a director of a UK limited company, you must fulfill several key legal obligations to maintain compliance:

1

Company Records & Documentation

  • Maintain accurate records of directors, shareholders, and company details
  • Keep records available for inspection when required
2

Regular Filings & Updates

  • Submit annual accounts within 9 months of year-end
  • File annual confirmation statement
  • Report company changes within 14 days
3

Financial Management

  • Ensure financial statements meet accounting standards
  • Submit accurate tax returns to HMRC
  • Pay correct corporation tax on time
4

Legal Compliance

  • Meet all statutory deadlines
  • Avoid penalties and personal liability
  • Maintain company's good standing

Failure to comply can result in fines, penalties, or even having the company struck off. Directors can be personally liable for non-compliance.

Contact Us

Contact us today to start your journey towards successful company formation and set your business on the path to growth and success! Our team of Ltd company accountants and business accountants is ready to assist you.

Phone

01582 806111

Email

Contact@fslaccountancy.co.uk

Visit Us

Unit 2, Regents Place 11 Hastings Street Luton LU1 5BE

Get started with a free consultation!