Your Questions
There are several reasons why incorporating your business could be advantageous. For example, limited liability provides the shareholders of the company with protection if the company were to fail. Furthermore, incorporation can provide tax saving opportunities for owner managed businesses.
This means that the liability of the investors (shareholders) in the company is restricted to the amount that they originally paid for their shareholding. Should the company become insolvent the shareholders personal assets are protected.
Armstrong Watson can arrange this for you. We will need to know who the directors of the company will be, who the company secretary will be and who will own the shares. We can advise you on all of these areas.
Companies have to hold an Annual General Meeting during every calendar year.
It is essential for every limited company to file an Annual Return at Companies House each year. Armstrong Watson have an account with Companies House which enables us to do prepare a letter on their Company's headed note paper, sign it and send it back to Armstrong Watson, enclosing a cheque for £15 made payable to Armstrong Watson. This payment covers the online filing fee and any updates, which are both done on our client's behalf.
For a private limited company this is usually ten months after the company's year end.
