Ilyas Patel Accountants in Preston
Here are three main ways to set up a new company:
(Read Time: Approx. 2 minutes)
When setting up a new company there are a number of points to decide first:
As part of the registration process you also need to:
Once registered, the company will also have ongoing annual requirements to file accounts, a confirmation statement, and once trading, submit a corporation tax return to HMRC.
Company owners must change the details of the persons with significant control if there are any changes in beneficial share ownership during the year.
This guide sets out more detail on these decisions and steps. It also offers some planning points and pitfalls to look out for. These are based on registering a private company limited by shares, as this is by far the most common form of company. Requirements will differ for public, unlimited or limited by guarantee companies.
The online filing registration system will block out many key errors made on incorporation and it provides help prompts throughout the process.
Typically, the main errors seen are:
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Ilyas Patel