Set-Up Flat or Property Management Company

Registering a flat management company with Coddan is simple & quick process

All Non-Profit Companies Limited by Guarantee, whether they’ve trade or not, will must deliver its annual accounts and its a 1 confirmation statement to Companies Registry on each year․ In law, a limited company is a 'person' in its own right. This means it can own property (such as a freehold or leasehold) and enter into contracts in its own name. It exists independently and separately from the people who manage or own it. When a property is divided into a number of flats, each flat owner usually has a lease of their own flat, but they may also be a member of a management company that owns the freehold (or lease) of the entire building.

As members of the company, the flat owners have their say in running it. If the members own shares in the company, it is common practice in the company's constitution (its articles of association) that members who sell their flats must also transfer their membership to the new owners. This ensures that, at any given time, the company limited by guarantee represents the interests of all the current flat owners, and it remains a separate legal entity regardless of who holds its membership.

You is can do registry of your beneficial ownership by do its set up forth with on Registrars of Companies records is when you will is do registries of your a guarantee company’s․ If your entity is a company limited by guarantee, it means that the members have agreed to contribute to the assets of the company if it is wound up.

The minimum requirements for the registration of a flat management company limited by shares:

• A private company must have at least one director, one shareholder (or the member), and may have a secretary.
• You need at least one person to form this type of the company. If there is only one director, and that director is a natural person in your company, that director can also act as the secretary and/or shareholder (member).
• A company must have at least one director who is a natural person. This requirement is met if the office of the director is held by a natural person as a corporation sole or otherwise by virtue of an office.
• You can register a sole director' company, if you are familiar with the secretaries duties and responsibilities, because all of them belongs to a sole director.
• The Companies Act imposes no restriction on the minimum age of company directors. However Companies Registrar will actively discourage the appointment of anyone under the age of 16 from taking up a company directorship on the grounds that the individuals concerned may not fully understand the legal liabilities that go with the position and for the most part will not have the experience necessary to perform the duties of a company director.
• Under the Companies Act 2006, there is no restriction on any or all of the members/shareholders being from an overseas country (i.e. outside the United Kingdom in terms of residency, domicile, citizenship, place of incorporation or all or any of those concepts).
• There is no requirement for the officers of your company to be UK citizens or residents, nor for them to hold valid work permits.
• Owning, or being an officer of a UK company does not, however, grant you any right to live or work in the UK if you are a foreign national.
• Your flats management company must have a registered office address within England or Wales or Scotland; this is the official address of your company and will be on the public record as such.
• Your flats management company must hold its official company documents at its registered office address: its register of shareholders (or members), and its constitutional documents.
• So long as you maintain a registered office address in England or Wales, or Scotland, you can conduct your business from any place in the world: you do not have to run your business from the registered office address.

Online flats management organisation establishment

Many small businesses choose to use the services of flats management companies registered experts, like Coddan; to undertake all of necessary formalities on their behalf. Our aims are to provide you with the professional, affordable range of business support services to enable you to incorporate and run your own successful flats management business. By using our simple understanding and rapid on a web-based applications use for Your Guarantee’s Company Registration, for at Registry of British an LTD Companies․

We offer one of the most customisable, cost-effective, and affordable properties management company set-ups for small businesses. Unlike other providers and experts, who hide up the front of incorporation costs, our fees are very simple. We offer a new flats management company incorporation only for £149.89 - no hidden costs, annual fees, memberships or other pricing strategies. In fact, we guarantee that our flats management business registration and management service fees are the lowest that you may find.

Starting a new flats management company under new Companies Act 2006, is not particularly complicated. Limited Companies by Guarantee are filling out electronically via software, the rules set forth the replace the signature and registered name and number on a paper forms registers․

There is a still requirement that application for the flats management company registration should be submitted to the Companies Registry with the signed copies of the memorandum and articles of association (if company chooses to file one). There are no more requirements that application for management company registration to be signed in front of the notary public, solicitor or a commissioner of oath, but application itself is now a bit more complicated then old forms 10 and 12 used for the company formation before final implementation of Companies Act 2006.

Application for the flat management company registration must contain the following information:

• The proposed of a company name
• The location of the registered office address
• The type of the company to be registered
• The type of the model articles of association to be used (if company chooses to use the model of articles provided by the Companies Registry’s)
• The statement of the proposed officers
• The statement of the capital & initial shareholding (or membership) or statement of the guarantee for companies not having share capital
• The statement of the compliance

We can make all this process much simpler for you. When applying for online flats management company formation service from Coddan, all you need to do is to complete our online incorporation order form for the type of a entity you have selected and we will take care of formalities.

When applying for a flat management company formation with Coddan, our clients have the option to choose from the standard memorandum and articles of association provided by us and the customised articles of association drafted by our specialists. Customised articles of association prepared by us, provides the full description of the company's proposed activity, share (or membership) capital, the location of the registered office address, rights & responsibilities' of directors and shareholders (members) and much more.