Benefits of sole trader company registration with Coddan Formations Agency: let Coddan handle your sole trader company set-up and get the best service and expertise in the country from one of the leading sole trading company start up agents. If you want to register your own limited company as a sole trader or freelancer, one way to do it is to establish a limited company, at Coddan Formations Agency, we have the experience and expertise to do it properly for you. Advantages of establishing a limited company with Coddan Formations Agency for freelancers: starting your own business can be a great way to make money from something you are passionate about. It can be equally liberating and daunting being your own boss, especially if you are a freelancer. It's important that you inform HM Revenue & Customs when you begin to work for yourself as a sole trader or freelancer person. Otherwise you may be liable to pay a fine of £100.00 if you're late by three months or more.
NO ANNUAL CHARGES
This sole trader company formation with business bank account is for UK sole traders, who have an address in the UK, & want to protect business name by registering a sole trading company.
The following documents will be sending via e-mail upon the registration of your sole-trader or freelancer company:
NO HIDDEN COSTS
This sole trading company start-up with business bank account is for sole traders who already have a UK registered address & require the basic freelance company establishment plus additional documentation provided by e-mail & send FOC by post.
This freelancer or sole trader company creation offer includes all services mentioned in the first option, plus:
NO HIDDEN FEES
This package is for sole traders who want all the traditional sole trading company incorporation with impressive bound documents.
This offer includes all sole trader company setting-up benefits mentioned in the first & second options, and free delivery of:
ANNUAL FEES FROM £75.00
This sole trading company start-up package is especially for clients, who are requiring forming a sole trader company with a prestige registered office address in London.
This sole trader or freelancer company establishment offer includes all incorporation benefits & items mentioned in the first & the second options, with the addition of:
Our expert sole trader company registration consultants know exactly what advice to give you depending on the nature of your sole trading business and what your requirements are, and they're available to guide you right through the process of a limited company formation for sole-traders. If you would like a personal face-to-face consultation and dedicated help with your sole trading company incorporation, call us on +44 (0) 207.935.5171, or 0330.808.0089 to discuss your sole trader company registration requirements and make an appointment with one of our business start-up consultants.
You are responsible for all the losses and have to pay income tax and national insurance. A limited company limits your liability and offers tax advantages for its shareholders. Coddan group of companies established many years ago, and offers a range of packages to register a freelancer company and can quickly file all the relevant paperwork with Companies House. We also offer a range of business services to help your freelancer company established. If you need an assistance with the new business startup, you can also speak to our advisors between 9.30am-6.00pm Monday to Friday by telephoning + (0) 207.935.5171 or + (0) 330.808.0089 (national rates).
If you have decided that you wish to register a private limited company for the purposes of sole trading, there must be at least one director, one shareholder and possibly also a company secretary. Based on the companies regulation law, only one person is good enough to establish a private company in the United Kingdom.
You must also provide a registered business address so that the relevant authorities, such as Companies House and HM Revenue & Customs, can correspond with you. If you don't wish for the actual business where you work to be used, Coddan Formations Agency can provide an official registered address for the companies registration purposes and also manage your incoming mail from it.
Our experienced consultants are available to talk to you today about any matters concerning establishing your own business as a sole trader or freelancer, should you need clarification or information about any aspect of the incorporation process.
If you want to use your own address as the legal address for your business, it does not matter in which part of the United Kingdom you are locating at; all you need to do is complete our online application form to be registered as a single member company, and we will do the rest of business incorporation. We have a long history of helping thousands of sole trading people successfully set up such single member enterprises.
For limited companies, there are a number of requirements from the authorities. The private company must be registered at Companies House and annual returns, and annual accounts must be filed there on time. Annual returns must be completed every year in order to update Companies House of the limited company's basic details. In the case if you do not have an experience with the preparation and filing of annual accounts or annual returns, please contact us, and we can help you with the accounts and annual returns preparation and their submission with the government authorities on time.
Additionally, under this type of private limited company structure, you must inform HM Revenue & Customs of taxable income within the financial year as well as any profits arising from that period, and you must send in a corporation tax return annually and pay the taxes within nine months of the year end. If there are employees of the company, they have to pay income tax and national insurance on what they earn.
The advantages of registering a limited company for sole trader and freelance businesses are that there is the greater business prestige when having this type of a company and there can be significant tax advantages for sole traders. You can hold tax money and earn interest on it because it's not payable monthly or quarterly but annually. There is really only a need to appoint one person as an officer of a private limited company, a director and a shareholder (the same person can be director and a shareholder); the appointment of a company secretary is not necessary unless specifically required.
Also, all of the company's officers can be of any nationality, and the limited company is designated as being overseas if its day-to-day corporate management do not live in the Great Britain.