Adam Company Formation is the specialist arm of the Abraham Group of companies and has over many years assisted a large number of prospective owners to set up their companies – and done so quickly, efficiently and with minimum stress or financial outlay.
Is Setting Up a Company Right for You?
Setting up a limited company is not the answer for everyone and we will advise you on the best way forward, even if it means you don’t end up forming a company, but go down the sole trader route!
Nevertheless, there are many advantages to a limited company of which a few are:
- Tax efficiency & planning;
- The company is a separate legal entity to you;
- You minimize your personal liability; and
- Higher personal remuneration.
However, there are disadvantages including:
- Initial set up costs;
- Personal and corporate information will be a matter of public record;
- Increased administrative work with Companies House & HMRC; and
- More complex accounting arrangements.
We GUARANTEE that we will always advise the best way forward for your particular circumstances.
What We Do?
If we determine after consultation with you that setting up a company is the correct option for your circumstances, we will quickly and efficiently:
- Help you to decide on a unique company name;
- Determine the registered address of your company;
- Register it with Companies House.
This process can take as little as 24 hours!
We will also talk you through the myriad of legal and accounting matters with which you will need to become familiar and, of course, should you so wish it, our sister companies within the Abraham Group can assist you on all accountancy and related matters going forward.
Frequently Asked Questions
To set up a company in the UK, you need to have at least one director, one shareholder, and a registered office address in the UK. You will also need to decide on a unique company name and register it with Companies House.
The time it takes to set up a company in the UK depends on various factors such as the type of company, the completeness of the application, and the processing time at Companies House. Generally, it takes around 24 to 48 hours to register a limited company electronically.
A registered office address is the official address of a company that is registered with Companies House. It is used by the Companies House and other government bodies to send official communications to the company. The registered office address is required for company formation to ensure that the company has a legal presence in the UK
Yes, non-UK residents can set up a company in the UK. However, they need to appoint a director who is a UK resident and has a UK service address. They also need to provide proof of identity and address to comply with UK money laundering regulations.
Once a company is formed, there are several ongoing requirements to comply with, such as filing annual accounts and confirmation statements with Companies House, maintaining accurate company records, and notifying Companies House of any changes to the company’s directors or shareholders. Companies may also need to register for VAT and pay corporation tax.
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Still have a question? Get in touch today
Your initial consultation with us will be completely FREE!