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Company Formation Explained .....
There are some restrictions on approval of
certain company names. If your company name is refused for any reason we re submit an alternative name at no extra charge.
Selecting a package
Pip
It Up Ltd offer 4 packages ranging from the budget digital option to our deluxe option. If you do not
see a package to suit we can tailor to suit your requirements. To accompany your package choice, we also give you the
option of opening a bank account. This is a fast track service provided by our partner Barclays, which will save you precious
time when you start your company. Entering your company detailsRegistered Office Address
This is the UK address where official mail can be
delivered. PO Box numbers are not allowed.The registered office address will show on the public record. Pip It
Up Ltd can supply a registered office address for your company registered in England and Wales .
Scottish Companies
registered through Pip It Up Ltd must supply a registered office address in Scotland, likewise Northern Ireland Companies
must supply a registered office address in Northern Ireland.
Service Address
Since October 2009 new legislation has been bought in to protect the residential address of company directors. Each
director must now supply a service address. This is the address that will show on the public record therefore not allowing
any member of the public the right find your personal residential address.
Information on each officer
Full names and any previous names
Residential addressess
Date Of Birth
Occupation
Nationality
3 Personal questions such as eye color, town of birth and mothers' maiden name
(This acts as an electronic signature)
Legal Requirements
At least one Director . Directors are the people who run the business, usually on a day to day basis. They make decisions
on behalf of the business, sign contracts on behalf of the company and generally "run" the company. A director doesn't
have to be involved in owning any of the business, they can purely just be involved in running it. There must be at
least one natural person who is a director, therafter directors can be a company.
At least one Shareholder.(This can be the same person as a director
so the company can have a single officer) Shareholders own the company.
The benefit of a limited liability company is that the people who own the company have a limit to which their financial liability
is set (should the company fail), based on the issued shares that they own. i.e. 100 shares @ £1 each, mean that the
shareholder has a liability to pay the company £100 at some point in time, but not immediately. If the company incurs
debts and closes, then unless trading illegally or giving personal guarantees, shareholders are limited in liability to the
value of their shares. If they have already paid, they have no more financial liability to the company.
Company Secretary (optional if you decide not to have a company secretary this role will fall on
the director(s). The company secretary is responsible for the administrative requirements of the company with Companies House.
Since April 2008, the new "Companies Act 2006" has removed the legal need for a company secretary and this has meant
that for the first time, its possible to form a company with a single person. The duties still need to be carried out but
this can either be by the same person named as a the Director and Shareholder, or you can elect not to have a company secretary
named at all.
A single person could carry out the positions
of Director, Secretary and Shareholder, or they can be given to different people.
All our company formation packages are ready to trade upon incorporation and usually, depending on Companies
House take only a few hours to incorporate..
If you want to reserve a company name or require a dormant (non-
trading) Company our Reserve/protect a company name package is for you.
What exactly are the documents and do i really need them ?
Certificate of Incorporation (printed on official Companies
House Card) this is a requirement at most high street banks and other agencys conducting status checks may require sight of
it.
Companys tend to display the incorporation certificate at their place of business.
The certificate
of incorporation will display the company registration number and the official seal of Companies House. If you have lost your
incorporation certificate click here to order a replacement
A Share Certificate certifies that its bearer is the registered
holder of a number of shares within a company limited by shares.The share Certificate will state the company's name,
the bearer's name, the date of issue, the amount of shares in issue and the type of share, plus any additional information
deemed necessary by the individual company. Transfer of any shares cannot take place without the share certificate being produced
The Memorandum is a document which states the subscribers
agree to form a company and to take at least one share each.
This document must be supplied before Incorporation. We include this in all packages.
The Articles of Assocation
state the way the company can conduct business such as meetings, directors decisions etc again this document must be supplied
on Incorporation.We include this on all packages.
Company registers are mandatory and should be kept
up to date and be available for inspection. Although many small companies and their advisers neglect the maintenance of the
statutory company register it is advantageous to keep it up to date and check it at least once a year. The hard back company
register supplied by pip it up ltd includes details of Allotments & Allocations, Transfers, Members, Directors
(service address), Secretaries ,Shareholders and 25 Share Certificate(s), the latest version also includes a seperate
detachable register to enter the residential address of the directors as this information is not disclosable to general inspection
of the register.
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UK Company Formation
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Company Services
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Company Information
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Offshore Companies
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