This is a query which relates to the incorporation of a company over the weekend. Please provide me the following information before I use an online service for company formation.

1. If I form a company over the weekend, would the agent be able to register the company that day and send all relevant documents to me on that same day.

2. I would want to have £1000 authorised share capital for the new company. When I apply for an electronic formation, do the application forms generally include a facility for these details to be specified before the application is sent for incorporation? What is the limit of authorised share capital?

3. I would like to use my own registered office address for the company. It is common for online application forms include these details?

4. What are the requirements to open a UK company bank account? Do I need electric copy of incorporation certificate or fully printed one in order to satisfy the bank’s code of practice?

Thank you for the information, I would be grateful to receive a reply and any suggestion you have of which company formation agent I should select.

Some advice is needed in respect of whether I need to send anymore documents to Companies House or Revenue and Customs. I recently incorporated a private limited company guaranteed by shares with a company formation agent and I am unsure what to do next.

I am running a single member company of which I am the sole director.

Do I need to submit form 88(2)? I haven’t issued anymore shares to other people. I was the initial subscriber of the shares.

The Stock Transfer Form J30 is only used when I as a subscriber sell my shares to other persons, is that correct? I don’t need to complete this now to register my subscription.

What about the forms notifying Companies House of where the Registers are kept, e.g. Register of Charges/Directors/Members etc. Do I need to submit these?

Do I need to let Companies House know about the dormant status of the company? If so, how do I go about this? I read on a website that a company is dormant by default but according to the record at Companies House it says that the company is active.

Sorry for all the questions, I don’t want to get fined and I am sure there is something I am meant to do that I haven’t.

Incidentally, I must say that I was most impressed by the service received and how easy the incorporation system was to use. I will recommend the service I used to others looking for a Formation Agent.

Many thanks and I look forward to hearing from you.

Many believe that the quieter business periods brought about by the currently economic problems are an excuse to waste time, ring their hands in despair, blame the Government and then sit quietly playing the latest computer game on their PC.

A ringing phone and communication from a perspective customer becomes an annoyance as they were just about to slay the dragon and kiss the princess on their computer screens.

Not so at my office, we are busier than ever, not with customers but with preparing the groundwork for when business picks up. Accepting the current economic climate and seeing a recession drawing ever closer prevents opportunities to do all the things that in the past which you could not do because you were too busy servicing clients.

Not everything costs a lot of money either. The launching or redesign of a new or existing website, the physical reorganisation of the office or even just throwing out the old box of paper you thought you might use three years ago but are still sitting their.

The motivational aspects of using quiet trading periods for constructive projects are enormous. When we can not to bed happy because we have had good days sales, we can retire instead knowing that we are not wasting time and that the business has moved forward in some way.

One factor about quieter business periods which does waste time and energy is when other companies panic and phone up every person they have access to. Talking phone calls where the person offers you something you have absolutely no interest in is frustrating.

This is particularly so when their suggested product or service involves spending large amounts of money which nobody has in a recession or embarking on discretionary expenditure which everyone is cutting back on.

Memory can not provide an occasion in the last three weeks where the person on the other end of the phone offered a cheaper version of what they were normally selling for.

In essence, caring for a business, one for which the owner has taken risks, made sacrifices and has seen grow from nothing to something does not afford the luxury of wasting time.

Having a mature outlook does entail taking the rough with the smooth and accepting that outside influences can cause slow periods of trade. There are those who will use this as an excuse to waste time and procrastinate and there are those who will plough on and continue to fill their days with measureable accomplishments.