Private trust company formation in the UK: if you've been looking into how to form a private trust company in the United Kingdom, you'll know that it can seem like a complicated process. If you're unfamiliar with legal terminology you may not even know where to start the formation of a private trust company. At Coddan Ltd, we help to make private trust company formation as simple as possible in order to minimise the stress. We like to get things up and running incredibly quickly. We can provide same-day private trust company formation, and do not require any paper forms to be filled out. The entire process can be handled online.
How do I form a private trust company? We allow you to easily forming your private trust corporation online. You do not have to fill out any paper forms, which makes the whole process much faster and less complicated. Your private or family trust company formation will be immediately processed, allowing the trust company to formed on the same day. If you'd like to register a private trust corporation, save time and do it with Coddan Ltd today.
NO HIDDEN CHARGES
This UK private trust company formation with business bank account is for customers, who have an address in the UK, & want to keep it simple, paper free, no hassle or gimmicks.
The following documents will be sending via e-mail upon the formation of a private trust company:
NO HIDDEN COSTS
This private trust company formation in UK with bank account is for people who already have a UK registered address & require the basic private trust company formation plus additional documentation provided by e-mail & by post.
This private trust company formation in UK offer includes all services mentioned in the first option, plus:
NO HIDDEN FEES
This offer is for customers who want all the traditional trappings of UK private trust company formation with bound documents.
This offer includes all private trust company formation benefits mentioned in the first & the second options, plus:
ANNUAL FEES FROM £105.00
This private trust company formation package especially for expatriates & UK residents, who are requiring forming a trust company with a registered address in London.
This trust company formation offer includes all benefits & items mentioned in the first & the second options, with the addition of:
ANNUAL FEES FROM £135.00
This private trust company formation is especially for non-UK residents, who are requiring forming a private trust company with a prestige legal address in London.
The following items are included into this private trust company formation offer:
ANNUAL FEES FROM £230.00
This private trust company formation especially for non-UK residents, who are requiring forming a private trust with a registered address in London & a nominee secretary.
This private trust formation offer includes everything in the first option together, plus:
ANNUAL FEES FROM £580.00
This is one of the most popular private trust company formation offers with a nominee trustee, as an additional option to the nominee secretary.
This private trust company formation offer includes everything in the second option, plus:
ANNUAL FEES FROM £580.00
This is our most comprehensive private trust company formation package with all documents verified by solicitor & certified by the Apostilled stamp.
This private trust formation includes everything in the third option, plus:
What are the benefits of a private trust corporation start-up? The primary purpose of a private trust corporation incorporation is to act as an administrator of trusts and estates in order to more effectively manage finances and assets. A private trust company may act as trustee over a single trust, or a group of related trusts, and it will control the sale or transfer of assets within those trusts.
How does a private trust corporation work? When you incorporate a private trust corporation, it will most likely be managed by a professional trustee who is not directly a member of the trust, plus a board of directors chosen by yourself and the professional trustee. The board of directors could be family members, businesses associates, friends or financial advisors; they should be trusted individuals who will be able to make the appropriate decisions with the trusts best interest in mind.
What are the benefits of setting up a private trust company? As well as streamlining the management of several trusts under one corporation, it can also help to alleviate legal complications such as business succession, since these decisions can be managed by the board. It also means that any significant decisions, such as the substantial sale or transfer of assets, are considered carefully by all members before being approved, in order to ensure all assets are dealt with in the most appropriate way.
However, registering a private trust company can be complicated and demanding. Thankfully, the private family trust company registration agents, who can carry out the private trust company registration for UK and non-UK customers. They will get your new private trust company incorporated whilst complying with all regulations & requirements, and they will usually provide a range of additional services in order to get your new non-profit business project off to the best possible start. As well as lodging all the necessary information and documentation to Companies House, new private trust companies formation for customers will often also include the provision of a registered office address - meaning your new private trust company can start trading within hours. Agents will ensure all documentation is completed and submitted according to regulations, and they will also offer other services designed to get your new private trust company incorporated efficiently.
A private trust company is designed to manage single or multiple trusts on behalf of a family. Forming this type of company will provide you with a wide range of benefits: it will allow more streamlined administration of a number of different assets; can help to reduce legal complications such as trust succession; and can provide peace of mind that your assets are being managed responsibly.
Private trust company formation in the UK can be complex, but at Coddan Ltd we aim to make the process as easy as possible. We are highly experienced in forming a wide range of different companies, including private trust companies. You can complete private trust corporation registration online, with no need to fill out paper forms, and your company will formed on the same day.
In order to complete the private trust company incorporation quickly, we recommend that you plan how the company will be structured first. Generally, you will have a professional trustee and a board of directors of your choosing. The directors may be family members, friends, business associates or financial advisors; they should be people you have a good relationship with and who you trust, as they will be responsible for making crucial decisions regarding the trust's finances. This includes the sale or transfer of substantial assets.
Should you wish to get some advice on private trust company formation, please do not hesitate to contact us and we can help to talk you through the process. At Coddan Ltd we manage company incorporation in many different countries around the world, including the UK, and will be able to provide you with the best advice in order to help you make sound business decisions.
Private trust corporations have become increasingly popular among both individuals and companies wishing to protect their assets in the long term. For families, it means successive generations can benefit financially from the preserved assets, ensuring the beneficiaries are always looked after.
As long as the private trust corporation is properly maintained, it will always be in place for the ongoing protection of the assets it controls, ensuring there is no disruption at any time. By contrast, with trustees themselves, there will probably be some element of difficulty: trustees might not always be around when needed, due to being ill or on holiday, and when they retire or die, the assets have to be transferred to a new trustee, involving time and money. So one of the main advantages this type of company structure confers on its owners is that it's always there and never needs to be changed.
Private trust corporations also have significant tax advantages, especially relating to hefty inheritance taxes. Property and cash and investments under the trust remain in place after death and continue to provide an income for beneficiaries, rather than have to be transferred to various parties and be subjected to large amounts of tax. In addition, age limits can be put in place before a beneficiary starts receiving money from the trust, in cases where they might not be old enough to inherit.
It's wise to use the expert services of an incorporation agent such as Coddan Ltd when you want to establish a private trust company, as there are various elements to the registration process and they can all be handled in one place, instead of an individual having to work out what to do themselves. It means that large amounts of paperwork and lots of time required for meetings to form a private trust corporation is done away with.
Setting up a private trust corporation is a popular alternative to acting as a professional trustee of your company. It means that you, as the settlor, and your family, can be involved in the management and day-to-day running of the company in a way that would not be permitted as a professional trustee. A private trust company usually comprises of multiple underlying companies that own different types of assets, such as real estate property, portfolio investment and trading companies.
Private trust companies are often set up for families and other groups who have a shared interest. They are particularly popular with wealthy families as they offer an economy of scale, helping the family to manage multiple business interest more easily. A private trust formation also provides increased confidentiality, which is especially important if the family is high profile. It is ideal for families because it allows the control of companies to pass more easily between generations, without the ownership of the business needing to be changed.
There are many reasons a settlor would choose to create a private trust company, including tax. It does not offer tax benefits as such, but can help to avoid unnecessary charges. A properly structured private trust corporation ensures that the settlor isn't liable to be personally taxed for the trust's income, which is a risk when they are directly involved in running the company. The settlor must assign control to the trustee in order, and it's important to employ a legal expert to form the company in order to avoid this tax risk.
A common concern that many people have when they opt to register a private trust company is that, as a trustee, they may face personal liability should the company get into debt or be found to have acted unwisely. Luckily, there are several ways in which the interests of trustees can be safeguarded whilst also allowing the trust to operate without undue regulation.
Incorporation reduces liability: when you are ready to form a private trust company, why not opt to incorporate it into a company in its own right? Coddan Ltd can provide the necessary expertise to facilitate this option, frequently enabling companies to become incorporated in as little as 24 hours. By incorporating the private trust company, it becomes a distinct legal entity, with its own assets, income and liabilities. This frees trustees from the concern that they will be liable should things go wrong, whilst still allowing them to influence trust activity.
Only liable if wrongdoing occurs: in the event that you decide not to create a private trust company but simply opt for a private trust, there is a risk of trustee liability, although this is normally only realised if the trust is found to have acted fraudulently. All trustees cannot be held liable for the misguided unilateral action of a single trustee and will also not be liable should the trust's problems be down to genuine error. This is a complex area, where expert input from Coddan Ltd can be really helpful. Not only can we advise on what might be the most suitable trust format for your endeavours, we can also deal with all the paperwork needed to get it up and running promptly.
The provisions for private trust corporation establishment are contained in the Trustee Act 1925, and among the basic legal requirements are that a company must have at least one existing place of business in the UK and have share capital.
Of that issued shared capital amount will have to have been paid up in cash and cannot be allocated for other reasons, such as for securing lines of credit from financial institutions. Personnel will need to be proposed for the positions of directors of the new company, but not necessarily a company secretary, although it is often advisable to do so because they can look after the trust corporation's ongoing legal obligations to ensure compliance.
To apply for private trust company registration in the UK, there's also a requirement that there be a registered office address in the country. As part of Coddan Ltd's company formation services, we can provide such an address at a key location in a major city, if one is needed. The trust corporation won't be operating from the office address, as it will be primarily used for correspondence with the authorities.
There are also a number of regulatory requirements for private trust company formation, including having to register it with more bodies than just Companies House and HM Revenue & Customs, which makes the entire process slightly more complicated. Coddan Ltd can handle all these details for you, so you don't have to go to any extra efforts.
Using Coddan Ltd for private trust company formation has a number of added advantages, one of them being the provision of a legal address, which is required to register the new entity. Many of our clients who are doing private trust company registration have their own location that they can use, but others either may not have one or choose not to use theirs, due to reasons of confidentiality.
Privacy can also be an issue, because if you're using an existing office address or even a home address for registration purposes, you may not want government officials arriving there for inspections.
Coddan Ltd can provide an official office address as part of the process of applying for private trust corporation incorporation. The address will be in a major UK city and at a prestigious location, and it can be used on all the private trust company's materials, such as letterheads, business cards, e-mails and more.
The legal address we provide will be where the private trust corporation is officially based in the eyes of Companies House (the UK's registrar of companies), HM Revenue & Customs and other government bodies, and your trust company won't carry out any actual activities there as it will be used for administration only. We can arrange for correspondence from government agencies to be forwarded on to wherever you are.
As one of the leading company formation agents around, Coddan Ltd has the expertise you need for private trust company registration, plus a range of additional services that make setting it up easy.
Our clients enjoy same-day private trust company formation, so there's no endless waiting around for your private trust corporation to be registered, possibly resulting in costly delays. What's more, there are no complex paper forms to fill out - in fact, there are no paper forms at all, because we have a simple online application process that's easy to understand. Our incorporation prices are among the most competitive you'll find anywhere, allowing you to make use of top-quality services that are highly affordable.
At the beginning of private trust corporation incorporation, we carry out all the necessary checks with the relevant authorities to ensure the application won't be rejected and you have to start all over again. This includes checking the official register to see if the proposed name for your private trust corporation is already in use or if it contains any prohibited words.
Our private trust company formation services include the provision of nominee officers for the new enterprise. Many of our clients choose this option because they would rather not use their own, for reasons of confidentiality, while others may not have the required number of personnel to propose. Our nominee officers won't have any actual dealings with your private trust corporation, or any control over it, and they can be changed at any time.
At Coddan Ltd, our company services don't stop when your new enterprise has been registered and you're in business. We have a number of post-formation services that will help keep your company running smoothly and be in compliance with company law at all times so that you're not hit with crippling penalties.
As your private trust company may be handling a number of sizeable assets under different corporate entities, you'll have additional administrative requirements. This is where we can help to relieve the time-consuming and expensive burden of an additional layer of office work.
After private trust company registration is complete, we can handle all your bookkeeping and accountancy needs, allowing you to spend time and resources on running the various aspects of your business. We can also prepare and file annual reports and accounts as necessary, ahead of schedule so that your private trust company remains in good standing with the authorities.
If you wish to have a separate bank account for your new company, we can help to arrange one for you. We can provide you with an introduction to a leading bank of your choice so you can get a business banking account as soon as possible and use it for your trust company's trading activities.
We can also help with your recruitment needs, finding the right people for your new operation and also handling payroll and other staffing matters. An important consideration of any new business operation is its intellectual property, and we can ensure your trademark, logo and other assets are fully protected by having them registered.
More and more companies are discovering the benefits of these critical support services because they dramatically slash costs while providing the expertise they need to run their companies. Coddan Ltd offers same-day company formation, and with no paper forms to fill out because applications are done online, private trust corporation incorporation is incredibly straightforward.