Frequently Asked Questions

The following frequently asked questions have been created to answer the most common questions we receive. If you can not find the answer to your question please contact us by phone or email and we will do our very best to assist you.

 
 
 

Does a company have to issue shares?

Yes. All companies must have at least one share issued to one shareholder at the time of incorporation. There must be at least one person or legal entity that owns the company. 

Can I choose any name I like for a company?

In general, yes. However, there are some limitations on registering a new company. Whilst many company names are freely available, others are protected.

What is a registered office?

The registered office is the official address of the company. This is held on record by Companies House and displayed on the public register. Companies House and HMRC will send the company’s notices to this address.

Do I have to have a registered office?

UK companies, LLPs, and PLCs must have an effective registered office address. Limited Partnerships have to provide ‘principal place of business’ which is similar to the registered office. 

Are the directors also the shareholders?

No, not all directors are shareholders. Directors can be shareholders but they do not have to be.

 
 

What is a company secretary?

A company secretary is an administrative officer for a company. They are responsible for filing documents at Companies House and maintaining company records.

What is a shareholder?

In simple terms the shareholders of a limited company own part of the company.

How do I issue more shares?

Once a company is formed you can issue more shares by completing form SH01. This can be done online or by using the paper version.

Can I create more than one share class?

Yes. When forming a new company using our website you can create shares with different names, different values, different currencies and even give each share different ‘rights’. You create the shares how you want them. 

Are secretaries legally required?

UK companies do not legally need to have a secretary. You can register a company with just one director appointed if you wish.

 

 

 

 

 

       

    
 

What if I no longer need a company?

If for any reason you no longer need your company then it is possible to strike-off (dissolve) your company. 

What is the difference between a director and a shareholder?

Directors are the decision makers for the company whereas shareholders are the owners.

Who might set up an LLP?

LLP’s are often used by two or more people within a ‘profession’ that want protected liability. They are common among solicitors, accountants, architects, and other businesses that need to define responsibilities and earnings between the members.

What is a designated member?

LLP’s must have a minimum of two designated members at all times. Designated members enjoy the same rights and duties as any other member, however they are also laden with additional responsibility and legal obligations. 

What do I do if my company name contains a sensitive word?

If your company name contains a sensitive word or expression you may need to add supporting data to the application.

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

Small Firms Services Ltd The Apex 2 Sheriffs Orchard Coventry, CV1 3PP