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Coddan CPM Ltd. – Company Registration Agent in the UK
Home Corporate Services Advantages of a Private Limited Company Steps for Starting of a Private Limited Company

Steps for Starting of a Private Limited Company

Steps for starting of a private limited company

Steps for Incorporation of a Limited Company

If you decide to set up a limited company, there are a number of steps you need to take to do so. To successfully establish a private company you must:

1. Conjure up an original name for your firm. Naming your company is not as simple as it may seem. Your chosen name must end with "Limited" or "Ltd" and must not already feature on the Companies House index of company names.

2. Choose an address to serve as your registered office. The registered office address of your corporation will be where communications from third parties, such as HMRC, will be sent. The address does not have to be the place your organisation operates from, but it must be a physical address. You can use a PO Box address, but you must include a physical address and postcode.

3. Appoint at least one director. You must appoint at least one director, who can also be a shareholder in your entity. You cannot choose anyone who is under the age of 16, bankrupt or disqualified from taking on the role of director.

4. Appoint and register at least one shareholder. You must create a statement of capital detailing the number of shares your company has and the names and addresses of your shareholders. Your company must have at least one shareholder.

5. Produce constitutional documents for your LLC. You should draw up a memorandum of association, which is a statement confirming your intention to form an organisation, and articles of association, which are the rules that your director(s), shareholder(s) and company secretary must abide by. You can use standard business incorporation articles or you can write your own.

6. File your paperwork at Companies House and pay the appropriate registration fee. You can incorporate business online, by post, or using a company formation agent such as Coddan. As Companies House does not provide personalised advice on company incorporation, you may wish to use Coddan to ensure that all the relevant documentation is prepared and filed correctly.

7. Receive your certificate of incorporation. On receipt of your application, Companies House will register your firm and issue a certificate of incorporation.