Top 7 Company Formation Myths

Registering a UK company need not be an onerous task. In fact, it is quite the opposite! This article will dispel some of the most common company formation myths.
Registering a UK company need not be an onerous task. In fact, it is quite the opposite! This article will dispel some of the most common company formation myths.
There are many obvious mistakes to avoid when forming a company. Some decisions made when registering the company may seem perfectly reasonable at the time but could be the wrong decisions in retrospect. These can be less obvious.
Companies that have been struck off or dissolved can be restored. There are two types of restoration - administrative restoration and restoration by court order.
UK Limited companies have shares that are issued to shareholders. When shares are sold or transferred to another party the existing company shareholders may have rights over these shares.
The ownership structure of a limited company is characterised by the distribution of the share capital and the rights attached to the shares thereof. Differing share structures are used to reflect varying levels of input, commitment and investment from the respective shareholders.
Young entrepreneurs and established companies alike are gravitating towards social media as a vehicle to promote their brand. The importance of social media for any company should not be understated.
Maintaining accurate accounting records is not only a legal requirement it is also essential to the sustainability of your company. Accurate bookkeeping will better enable you to make informed decisions on expenditure, planning investments and controlling your cash flow.
The main objective of most companies is to make money and offering various payment methods ensures any prospective customers can pay you for the goods or services you provide.
Why are share certificates issued and what information is shown on the certificate?
The articles of association are constitutional documents that all limited companies are required to have when they register with Companies House.
Please note Companies House processing times are an estimate only and not guaranteed.
Simple Formations is a trading name of Small Firms Services Limited. We have been trading since 1998 and are one of the UK's longest standing Company Formation Agents
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