How to Set Up a Limited Company and Register for Corporation Tax

How to set up a limited company?

Remember each of the following steps below:

1. Select a limited company type: there are 2 main types of limited companies to choose from: private and public.
2. Choose the name of your company: different rules are applied to sole traders and business partnerships when choosing a name for a company.
3. Appoint a shareholder and director of the company: it is mandatory to appoint a director and a shareholder to run the company successfully.
4. Create a ‘memorandum of association’: initial shareholders sign a legal statement agreeing to form the company.
5. Create ‘articles of association’: either standard articles or an article you have written yourself can be uploaded when your company is registered.
6. Limited company registration: Companies House requires you to register your company under an official address and select a SIC code (Standard Industrial Classification code).

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