Register a Company
September 29th, 2008 . by ClivetI would be gratefully obliged if you could possibly advise me as to whether or not I should register my company at present, I have a new business with an equal partner, we have been trading for approximately 10 months as a cleaning company and currently have a number of domestic customers. The turnover is not substantial at present but we are in the process of applying for tenders to generate additional revenue.
My question is; would a lack of information available publically about the business make any difference to other companies researching mine and would we actually benefit at present from registration? Any advice gratefully received, as this appears to be confusing for me at present.
The decision to register as a limited company should generally be based on several factors including your own personal tax position, your income from the business, its profit levels and so on.
I can not provide an answer based on the information in your email but I might be able to guide you if you let me know the primary purpose of your interest in registering a company.
I would also recommend that you speak to a business advisor who can weigh up all of the relevant factors and present an informed opinion.
Hi, thank you for your quick response to my enquiry, but primarily I was looking to register a company as I am not sure if it would have a larger impact on potential customers.
As we have had a couple of people asking why they cannot find the business or its registered number, this I felt influenced their decision. Also I am looking to prevent other businesses from trading under my name; therefore I would like to protect this.
I am hoping to expand business and feel I would be in the position to apply for tenders should the business be registered as a limited company. Obviously I do not have sufficient knowledge in this field to make a decision or if this would be of benefit to me.
The business is not currently turning over a great deal at present but this could change at any time once we secure a large contact.
These are all good reasons to register a company. Many business view limited companies are being more stable than sole traders. Protecting the name is also an important consideration.
If you feel that your success in applying for contracts is being hindered to some extent because you are not registered then this again could be a positive outcome of incorporating.
An option might be to register a company to protect the name and keep it dormant until you have chance to speak to an advisor regarding the tax position.
I am a Dutch National living in the Netherlands and wish to register a UK Limited Company (either new or readymade) that will trade solely in the Netherlands. The nature of the business will be Accountancy Language Translation Services.
By registering a UK Company we anticipate that this will allow a cost reduction in terms of Netherlands taxation and Company set up costs.
Given that registration of a UK Limited Company is possible could you please point us to the likely problems that we will encounter in terms of 1 Tax, 2 Administration and 3 Accounting?
In terms of potential problems that might be faced by registering a UK company, it is difficult for me the state these as I am not fluent in Dutch tax laws. However certain issues could in theory arise:
1. UK companies are taxed on their worldwide income but whether the Dutch authorities would then levy a second charge (based on profits earned in the Netherlands) could happen. There may be a double tax treaty in force between the UK and the Netherlands which would offset one charge off against the other.
2. Administering the UK company, I would imagine would not present too many issues. There is a requirement to file an annual return which is reasonably straight forward and to prepare statutory accounts in the UK. From what you describe, the Dutch accounts would be translated and converting in to Sterling (GBP) and then prepared. 3. Point three Is covered above.
We are a Norwegian accounting firm interested in company formation services regarding Ltd business registrations for our clients. The companies will not be conducting any business in England and will only do business in Norway. Our purpose for the English registrations is the favourable registration terms for Ltd companies in the UK. After English registration we will register a Norwegian branch in order to conduct business in Norway.
As the companies will be taxable to Norway only we need to make sure that the UK registered companies are not subject to the requirement of accounting in England. Required by Norwegian, the companies can have status as a dormant company and must remain active with the Norwegian director and shareholders. Is there a form we can send so the companies are not subject to English accounting?
Of services we require registered office in England. Filing of annual return we can do ourselves. Are there any other obligations we have in order to maintain the company active?
1. Dormant companies in the UK use the Form DCA. This form is a simple online document where you inform the authorities that a particular company is dormant. Completion of the form is required annually and is due nine months after the UK companies year end.
2. The UK companies will be required to have a registered office situated in England, Wales or Scotland. Most company formation agents provide these facilities as part of their incorporation packages.
3. When a company is registered, it is sent a Form CT41g which it must complete.