How to Form a UK Company

Brought to you by: www.madesimpleg.... Mathew looks at how to start a business online at www.companiesma....
Script: Starting a UK limited company is simple. Very often the only hurdle that gets in the way is jargon; ‘company-speak’ that formation agents, accountants and Companies House (the UK’s registrar of companies - we’re busting jargon already!) continually drop onto websites and into conversations. In this, our latest StartUp TV, we look at exactly how simple it is is to form a UK company limited by shares … don’t worry, we explain what that means too!
A private company limited by shares is a very popular company structure. This is for two main reasons:
Tax Benefits
Limited Liability - this means, if it all goes wrong, the owners do not have to pay out of their own pockets, their liability is limited to the amount of shares they own, hence company limited by shares
Unique Company Name
The Company Formation MadeSimple www.companiesma... homepage has a ‘company name availability’ search box. Simply enter your proposed company name and we’ll immediately let you know if your name is available.
The company name must be unique, can not be too similar to another company and should also not contain any ‘sensitive words or expressions’. These are a collection of words that Companies House will not allow you to use without permission from a particular body. For example, you can’t use the word ‘Dental’ in a company name without permission from The General Dental Council.
See here for a full list of these sensitive words and expressions.
Please note, your company name must end in Limited or Ltd (you can choose which version you prefer).
Company Formation Packages
The next step is to select your package. We offer five different packages:
Basic (£16.99 plus VAT)
Printed (£29.99 plus VAT)
Privacy (£49.99 plus VAT)
Comprehensive (£89.99 plus VAT)
Ultimate (£159.99 plus VAT)
It’s worth mentioning that the above prices all include the £13 Companies House filing fee - it’s for this reason that when you add VAT to the prices, the figure appears to not quite match up. This is simply because we’re removing the £13 fee before adding the VAT.
The Registered Office
Now the first step in the actual company formation process is to add a registered office address.
This is the official address for the company and where Companies House and Her Majesty's Revenue and Customs (HMRC) will send all company documentation.
Important information about the registered office:
It is on the public register (and so easy for anyone to find)
It must be in the UK
Directors (more on these in the next step) must be ‘contactable’ from the address - this means if mail is sent to the address, it must be forwarded on
Permission from the property owner should be granted before using an address as the registered office, so whilst it’s fine to use a residential address (we point you back to the public register note), you must have permission from the landlord
Directors
Now you need to appoint at least one director. Directors are tasked with the running of the company. To appoint a director you need the following information:
Full name
Date of birth
Occupation
Service address - similar to the registered office, this is the official address for the director and is on the public register
Residential address - this must be the actual residential address but it is not on the public register (unless you use a residential address as the service address)
MadeSimple offers business products and services to start-up companies and small businesses.
Founded in the United Kingdom in 2002, we now run more than 8 websites. Our services include Company Formation, Virtual Offices, Mail Forwarding, Business Training and Company Credit Reports.
Subscribe to our channel for small business tips and advice.

[@egonw7]

Brilliant Video short and to the point and everything I wanted to know.. THANKS!!

[@Chris-sx4qw]

great stuff mate easy to digest thank you

[@tobeytransport2802]

0:48 or you could just form it on companies house and save £3.49

[@hakankaya]

It's helpful about forming a company in UK,

[@Clickstartyourbusiness]

Great video buddy; not as complex as some may deem it be! Thanks for sharing :)

[@dailyasmr8364]

Your handwriting is neat and organized, liked thia video because of the effort of writing all of it down. I would only suggest to change the green color because it's a little difficult to see

[@chessgoalsyt]

How much does it cost??

[@craigthecat4202]

Thanks for this video!

[@marketv3110]

amazing video👏🏼👏🏼👏🏼👏🏼

[@RepReviews11]

How do I assign a director? This may sound dumb but I am only a kid and I want to start a business when I am older so I don't really know anything! xD

[@abdiyusuf3855]

Same

[@deanpollock3547]

follow this I let a accountant company do it . but this is exactly what you do and what asks you on the submitting questions

[@olwynomarbrown7533]

Hello I would like to know how we go about paying ourselves with our Ltd company please can you advise us of what we have to do please Thank you Kind Regards Miss Olwyn Omar Brown and Mr Patrick williams

[@youtubesuckss7058]

How long should I give before I start operating as a business ? Can I start operating two weeks into my its company before I register my company ?

[@MadeSimplegroupN1]

Hi there!
As soon as you have your company you should be ready to trade. Some people like to make sure their bank account is set up first, and that they have their UTR number (sent by HMRC 2-3 weeks after incorporation) so they can register for VAT. But it's really entirely up to you!
We hope this helps!
^Lauren

[@CarlSmith-ri2yf]

Thanks for the video. I am trying to open a charity but not sure what a governing document is and don’t have any trustees. Could you help with this ? I would be super grateful. Thanks

[@Ccccc-mi3tr]

please do one for sole trader

[@slyfoxpua9034]

Kieran Thomas you don't need to register a company to be a sole trader

[@sluicefund3891]

check my channel I am a sole trader
have a good day.

[@freshnugz]

slyfox pua wait so if you start a business as a sole trader do you need to tell anyone or register to anything or can you just start selling your product or service straight away

[@gbush1620]

Hi, I'd like to use a company for buying property in UK only. Can I just be myself for all (director, shareholder)? Every year, what I need to do for renewal, audit, taxation, fee etc.? Thanks.

[@amritlohia8240]

Yes, you can be the owner, director, and shareholder. As part of forming the company, you will be asked to register for Corporation Tax. Each year you file an online tax return with HMRC. You also have to file your company accounts (showing your profits etc.) each year with Companies House.

[@asksimon9813]

Can the office and residential address be the same?

[@djslimcodes2337]

Permission from landlord must be in writing?

[@saif1457]

It is best practice to have all records pertaining to your company in writing, so yes.

[@nukenukeproductions6146]

It was actually good.

[@JamezJN007]

How much the entire process for an LTD cost? and can someone from outside the UK from one?

[@natashachiware4882]

I would like to start my own business.

[@AM-yt8wz]

Can foreigners do this as well or only British citizens?

[@jullianosantossilva1431]

Up

[@zkbrokeringsolution5662]

I am struggling at the PASSPORT Number on the PHoto ID section so confused how to structure it.

[@reygoldevans6272]

where can i get the forms to get started with my ltd.

[@beautyqueen710]

Hi. I wanted to know what best option for me as a new clothing brand that would be selling online and running the business by myself. What business structure should i register my business in. Please help

[@techalpha7362]

Use shopify to start your store, apply to copyright your logo.

[@davidnew1887]

Quick question can you run a ltd company from a council house ?

[@barackobama7255]

Any residential address seems fine

[@jonathonjones3535]

​@@barackobama7255 but then anyone and everyone will know where u live if they look up your business online. which could be dangerous because if you screw over the wrong customer, he will know where you and you family live.

[@aburkhon9136]

It’s not a clear to view your words 😢

[@softmarketing-theneweconom8835]

👌

[@cristinaislands]

Hi, Mathew. Thank you for the video. I have a doubt, if I become a youtuber, would I need to form a uk company with the name of my channel?

[@MadeSimplegroupN1]

Hi Cristina
No you wouldn't necessarily need to have the name of your company aligned with the name of your TH-cam channel - that would be entirely up to you. Your company name would be legally binding, but you can call your TH-cam channel your company name or otherwise. And if you're trading via a company name you can give out your actual company name when working with other people.
I hope this helps!

[@cristinaislands]

Thank you for such a quick response ;D I think I've understood now. Have an amazing day!

[@MadeSimplegroupN1]

No worries! And you too! :)

[@moedesignsstudio4748]

once you are done with making these Awesome steps. consider getting a logo @ @t

[@30daymissionman]

Just a big advert for his company, no useful information

[@bodhibriar9683]

I was told that all achievements begins with the step to start,I got recommended here also about Austin how he help make hug profit for people I have tired now I have made withdrawal within a short period of time

[@bodhibriar9683]

[phone]

[@jonathonjones3535]

@@bodhibriar9683 SCAM

[@bestymusic4845]

Thank for the video. I am trying to register my business at the minute but struggling with the process. Do you have an email I contact you on? Thanks