U.K. Professional Clients
U.K. Private Customers
Many accountants offer a company registration services as part of their packages these days, so why do so many opt for a registration agent instead?
It is no bad thing to speak to an accountant before you even get to the company formation stage, they will have solid advice on the corporate structure you need. If you are not sure if you should be a sole trader, company, part of an LLP or more then you should certainly see an accountant and make sure everything is fully explained.
At this point, it can be the path of least resistance to stick with the accountant and instruct them to handle your company registration, rather than go to an outside formation agency, but it is often the wrong move.
For one thing, accountants often than simply hand over the job to a formation agent, with a large mark-up for the client. Secondly, things can get complicated.
If your accountant offers any kind of registered office service, or a professional legal secretary appointment, then they are truly involved in your business. Then if you lose faith in your accountant, for whatever reason, it can be exceptionally difficult to extricate yourself from the arrangement.
For many, it becomes easier to start a completely new business, which triggers the start-up costs all over again and can be a stressful time for all involved.
Therefore, by keeping your accountant and a private limited company formation agent with its registered offices separate, you are less likely to encounter problems down the line.
You can change accountants and the private company formation agent will simply maintain the address and other things like keeping legal documents at their registered address, so you can get on with running your organisation safe in the knowledge that the two parts are truly separate.
The best company formation agent like Coddan can also help you with other, more complicated transactions, like a VAT-registered business with a domain name that is ready to go.
You may want another non-standard article, too, which the formation agent will be able to achieve for a much smaller cost than an accountant producing everything on a bespoke basis.
Even a complicated business can be ready within hours, which is sometimes the most important factor. A formation agent will also carry out extensive checks to make sure your proposed name does not clash with another entity.
Your accountant can perform a similar service, but the experienced registration agent is set-up for this task and will likely do a more thorough search.
Of course Coddan can help with the company registration, or something more complex, such as bookkeeping and accounting. With an in-house team we can offer bookkeeping and accountancy services, too. We are equipped to help you through the whole process and flexible enough to draw the divisions in the right places.