Registering A Company In The UK

13 replies
I'm getting into outsourcing, and I've realized that it really helps to have a company name - makes you look more professional and all.

Does anyone know anything about registering a company in the UK? I have no idea where to begin, or what type of company to start.

Oh, and do I have to register it in the UK?

Or maybe I can get away by just giving my business a name, without registering anything.
#company #registering
  • Profile picture of the author SunilTanna
    Registering the company is the easy bit. There are lots of services that will do it for you for a relatively small fee. Look online or go into a local accounting/bookkeeping shop, and they should be able to help.


    Once you have registered the company however, you need to do things like file annual accounts and do other paperwork. You can pay someone to do most of the spade work for you, but it is non-trivial and it is an ongoing commitment.
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    • Profile picture of the author Alexa Smith
      Banned
      You need the advice of an accountant to determine whether or not registering a limited company is a good thing for you to do. There are always advantages and disadvantages, and it's never quite as straightforward a decision as it seems like it should be. :rolleyes:

      If you decide to do so, it's quick and easy and fairly painless - and it costs almost nothing. But be aware that it imposes some legal restrictions and regulations on you, too. There are "company registration agents" who can either provide "off the shelf" ready-formed companies, or form one for you.

      I think these people are honest and reliable (they won't be the cheapest, though): Company Formation | Form UK Limited Companies Online. Registered Formation Agents
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  • Profile picture of the author datingworld
    If you don't really need it, then don't register as it comes with some legal obligations such as filing annual accounts etc which is unnecesary hassle. In case you forget to file annual accounts etc, you may face fines...
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    • Profile picture of the author adebayjim
      To be honest mate, I did exactly the same thing as you a few years ago... Now I'm lumbered with accounting headaches all the time. And I hired an accountant. You're better off just going self-employed and maybe trademarking your 'company' name. Wish that's what I did.
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  • Profile picture of the author Valdor Kiebach
    Companies House will have all the details you need:
    Information & Guidance - Starting a company

    Maybe a sole trader would be a better option:
    https://www.gov.uk/set-up-sole-trader
    https://www.gov.uk/business-legal-st...es/sole-trader

    Oh, and do I have to register it in the UK?
    Depends what country you are in.
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  • Profile picture of the author Charanjit
    Their are draw backs from setting up as a registered company, the main one is added costs.

    the advantages are - a limited company will always look more professional.

    but it all depends on short term and long term goals. Personally register as self employed, start making money then register as a limited company if needed.
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    • Profile picture of the author Dan Thompson
      Originally Posted by Charanjit View Post

      Their are draw backs from setting up as a registered company, the main one is added costs.
      I'd disagree with that, there's a nominal fee each year to file company accounts with companies house but other than that the costs are no different to what they'd be if you are working as a sole trader.
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      • Profile picture of the author maxcl
        Originally Posted by Dan Thompson View Post

        I'd disagree with that, there's a nominal fee each year to file company accounts with companies house but other than that the costs are no different to what they'd be if you are working as a sole trader.
        If you do down the Ltd Company route, a good accountant will tell you about the tax benefits to do this as opposed to being sole trader. You should be able to end up paying less tax.
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  • Profile picture of the author owais211
    Banned
    Originally Posted by Snow_Predator View Post

    I have no idea where to begin, or what type of company to start.
    This website https://www.gov.uk/set-up-business-uk/licences should be a big help for you to clear up your queries.

    Originally Posted by Snow_Predator View Post

    Or maybe I can get away by just giving my business a name, without registering anything.
    Here are some advantages why you should register your outsourcing company.

    An issued certificate of incorporation by your government. With it, your business is Fully legal.

    Registered business is more respected by customers.

    You will secure your company's name once you registered it.

    Good luck mate,
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  • Profile picture of the author Robbie B
    It's a company formation I had done. Didn't use a formations company for it though. I know a few people with their own companies, so they'd been through the process themselves. I just asked them for advice, and a friend done it online for me. I didn't know where to start with Companies House. Luckily the trading name I had wasn't registered, so just registered that. Paperwork came through within a few days. Used that to separate the company accounts. It's actually much easier having the business account and personal one, so I'd definitely recommend it.

    Plus...your mail addresses you as a Director. lol

    I see someone mentioned above about going the sole trader first, then go Limited later.

    That's the way I went with it. When you start in the UK, the revenue is based on estimates for your first year of trading. The advice I got was to shoot extremely low there. Starting out, set up as a sole trader. Lower your projected revenue, but keep it realistic. You can claim working tax credits, based on your estimations provided to HMRC. (ask an IFA on that though, just to keep yourself safe. It can be a grey area.)

    That helped me to build the business, make it profitable and then I went with the company formation.

    To me it seems fair. Gotta pay tax on revenue, so let the taxman fund the startup.

    Business Gateway might be able to help. They tried helping me but I got better advice down the local. lol. Advisors just don't seem to know what they should, in my experience with them.

    Best of luck with it
    Robbie
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  • Profile picture of the author Hydraman
    The UK is one of the easiest and cheap places to register a company. Just Google company formations UK.

    Originally Posted by Snow_Predator View Post

    I'm getting into outsourcing, and I've realized that it really helps to have a company name - makes you look more professional and all.

    Does anyone know anything about registering a company in the UK? I have no idea where to begin, or what type of company to start.

    Oh, and do I have to register it in the UK?

    Or maybe I can get away by just giving my business a name, without registering anything.
    {{ DiscussionBoard.errors[8200273].message }}
  • Profile picture of the author vincent325
    Hello,
    I consider that goggling company formations UK could be a first step for such a cases. But what to choose when I have more than 3 pages with different service providers? And what if I haven`t got so much free time on it? From my own experience, I suggest www.world-offshore.com. They are a good advisers in company incorporation.
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