The Commerce Journal,Business and Local Businesses
*The Commerce Journal>>>Other - Business & Finance

Im looking to setup a dormant company to secure the name with Companies House. Please read on.?


Do i have to pay? Do i have to provide any sort of information subsequent to the registration, such as finance, accounts etc - i won't have any as my company will be dormant.

Lastly, if i mention my company will be dormant will they still provide me with a certificate of a private ltd company?

Any additional info is greatly appreciated.

Any answers, much appreciated.

Are you a Con artist. Its smells a bit pooy from where I am sitting.

拢20 or there abouts.. no info, just get a name..Good luck with all u plan 2 do..

Do it in Gibraltar, you can buy an off the shelf company, or one of your own choosing, and it's not to expensive. Just google Gibraltar Company Formation

Read the business guides you require in this link might help

http://www.newbizuk.com/Sub/how_to_start...

Good Luck

Yes, you will have to pay a fee.

You need to file the company's Memorandum and Articles of Association. This tells everyone what the company is legally authorised to do. You can use something called "Table A" articles, which are pre-written and authorise the company to generally carry on a business. I think it's printed in the Companies Act 1985 (which is also where all the law about companies can be found).

You also need to file a form giving details of:
The directors
The company secretary
The shareholders
The issued share capital
The registered office address.

You can find the forms and the fees at the companies house website.

Once that's all done you get your certificate and more importantly the name is yours and nobody else can take it.

One important thing that you need to be aware of is that all this info becomes public record. So if you use your home address and then do Bad Things using the company, "ordinary" people who you've ripped off can come and find you!! There are agents who will let you use their business address as your registered office, but they will charge you a fee for this.

After that, you need to file an Annual Return each year and also annual accounts. You will only have a balance sheet if the company has been dormant all year. The accounts will have nothing in them (other than, presumably, 拢2 issued share capital and a 拢2 debtor to match it). But nonetheless, you still have to file them. The annual return just says that there have been no changes in the directors, shareholders, share capital etc.

Despite the fact that there's nothing in the accounts and probably no changes in the company information, do not forget to file these things. If you do, you will be liable to a penalty.

If the things I've said are vaguely familiar to you then you probably know enough to be able to deal with all this yourself. If they don't make sense - if you're sitting there thinking "What's the Companies Act?" or "What do you mean, issued share capital?" or "Balance sheet?" - then you may need a little help from a professional to get you started.

This would only be a one-off. Do a search for a company formation agent, and give him a call in the New Year. They will be able to set all this up for you and do the first year's filings. It will cost you a couple of hundred quid probably - maybe less if you're outside London. Then you know it's been done properly. After that, you can probably do the annual accounts filings and returns for yourself because it's basically a matter of copying what was done last year.

Of course if you do start to carry on a trade or business, you will need to worry about other things too such as corporation tax, payroll taxes and VAT. There are legal requirements about registration and there can be nasty penalties for not registering when you are supposed to or not declaring income or paying over the tax etc. Do not let these things slide. If you are inexperienced and you try to ignore it all, it will pile up and be a horrible mess and expensive to sort out.

Tags
  Cincinnati   Chicago   Boston   Austin   Atlanta   Other - Business & Finance   Other Taxes   United States Taxes   United Kingdom Taxes   Spain Taxes   Singapore Taxes
Related information
  • I have a 20 dollar bill but the right side is riped off and i dint know wher it is can i spend it anywhere.?

    Yes, technically you can, according to the US Bureau of Engraving & Printing as well as the US Secret Service and US Department of Commerce. You may have a hard time getting stores to accept i...

  • Describe Xpresso Lube's service package. ...?

    ...

  • Can I return a target gift card if I have the original receipt?

    Yes you can (for a Target giftcard) as long as it's within the 90 days return policy. Be sure to bring the original receipt. And don't use it.

    ...
  • Selling gold coins. Can I go to any Bank to cash them in?

    No. The bank is not the right place to go to sell a gold coin. They will either refuse the item or will simply give you face value. You need to contact, ideally, a reputable dealer in gold bul...

  • How can a 13 year old make money???

    yea dont steal. ummmmm. if u live in a nieghborhood in the spring/summer you can see if anyone needs help with their lawns/gardens!

    ...
  • Has anyone had a problem with receiving mail from their associated post office?

    I'm not sure exactly what the problem is, whether it is slow delivery, or a refusal to deliver to your address, but whatever the case the first thing I would do is go to the station that your ...

  • What are ways that a supervisor can reward his/her employees to keep up morale?

    Boy, that's a good one. I had a boss who couldn't understand why her crew was always so unhappy and disjointed. She was just clueless. She always bragged about her management style...

  • Selling on Ebay.......help????

    Royal Mail Recorded (1st Class) Good luck mate,, also good choice to only send in the U.K so many people from the States tried nicking my bloody phone sending me fake payments

    ...
  •  

    Commerce Categories--Copyright/IP Policy--Contact Webmaster