Private company registration in Manchester: a private company is an organisation that you can use to run your business. It is a legal entity in its own right, and can be owned by a number of people. Types of limited company: the most popular type of private limited company in Manchester is the private company limited by shares. If you choose to set up this type of company and your private company struggles to remain afloat, your shareholders will only be liable for the investment value they have made in your company's shares.
Another type of limited company is the private company limited by guarantee. Social companies and not-for-profit organisations such as charities tend to adopt this type of business structure. This type of company does not have a share capital. A public limited company is not dissimilar to a private company limited by shares. However, with a public limited company, you will be able to sell your shares to the public. If you choose to register a public limited company, your directors and shareholders will be liable for your company's debts should your business fail to thrive.
Starting a private company: registering a limited company is a relatively simple task when you employ the help of the companies registration agent here at Coddan. To register a limited company in Manchester, you must supply us with the following information: -
You can open a company in Manchester and name your limited company as you wish, so long as your proposed name is unique and free from sensitive and offensive terms. You may change your company's name at any time in the future. However, you will not be able to change your company's number.
When you incorporate a company, your director will be responsible for your limited company's operation. He or she must be aged 16 years or older and must be eligible to be a director.
You will need to supply the name, address, and date of birth, occupation, town of birth and nationality of your director. Your shareholders' details: you will need to supply the name, address, date of birth, occupation, and nationality of each of your shareholders.
Registered office and service address in Manchester: you must register an official address for your company. Official documentation from institutions such as HM Revenue and Customs and Companies House will be sent to this address. If you do not wish to use your home address, we will be able to provide you with a registered office address.
Complying with Companies House and HM Revenue and Customs: once we have registered your limited company, you must put together a set of annual accounts (also known as statutory accounts) every financial year. You will need to use these accounts when filing your annual return with Companies House and your company tax return with HM Revenue and Customs. You must also register for value added tax (VAT) with HM Revenue and Customs if your limited company's turnover exceeds the annual threshold of £85,000. Once you have registered for VAT, you will need to submit a VAT return every year.