Forming a limited company in the UK

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Formation

Although forming a limited company in the UK has never been hard, it is now much easier thanks to online services. Previously, advisers would suggest buying a company off-the-shelf and then re-naming it. Now, it just as quick and easy to create a company from scratch in a matter of hours.

Companies offering online incorporation include:

Naming

Your company name must be unique, registered with Companies House, and not contain any of several reserved words. You can conduct a search, to make sure your chosen name is unused, with Companies House during their operating hours.

Employing yourself

When formed, your company needs to appoint a director. As a contractor starting up a services business, the usual approach is to employ yourself as the sole director. As both an employer and employee you will be responsible for twice the paperwork!

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