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Company formation is the process of legally creating a new business entity. This involves registering the company with the relevant government authority, which typically includes choosing a company name, determining the structure, and filing necessary documents like the Memorandum and Articles of Association.

Forming a new company in the UK with Companies House typically takes around 24 hours if you apply online, provided there are no issues with your application.

The key documents required for company formation typically include the Memorandum of Association, Articles of Association, and identification documents for the directors and shareholders.

Yes, a registered office address is required when forming a company. This address will be used for official correspondence and must be a physical address, not a P.O. Box.

Yes, non-UK residents can form a company in the UK.

No, your residential address is required for administrative purposes only and does not appear on the public register unless you choose to use your residential address as your registered office address or director’s service address.

A registered office address is the official address of the company where legal documents and correspondence from government bodies are sent. It must be a physical address in the country of incorporation.

Typical costs include online incorporation registration fees (£50 +VAT), legal fees, and possibly costs for additional services like obtaining a registered office address, director’s service address or professional advice.

A sole trader is an individual running a business alone, with no legal distinction between the owner and the business. A limited company is a separate legal entity, providing limited liability protection to its owners.

A company director is responsible for managing the company’s operations, making strategic decisions, and ensuring legal compliance. Directors have a fiduciary duty to act in the best interests of the company.