Limited Liability Company Formation Articles

A limited liability company formation carries substantial benefits to small and medium sized self employed businesses. A limited company formation effectively creates a new corporate body distinct from the owners of the business, shareholders, which protects those owners from unlimited personal liabilities in the majority of circumstances and can carry significant tax advantages which vary from year to year. Company formation requires the submission of the incorporation details to Companies House which must be updated and confirmed each year through the Companies House Annual Return. Audited financial accounts must be filed annually with Companies House.

Benefits of Limited Liability Company Formation

Annual Return And Accounting Rules For A Dormant Company

The essentials required of a new limited liability company formation in the UK by incorporation and registration at Companies House. Tax advantages and disadvantages.

Rules apply to dormant companies with regard to accounting documents and submission of information to companies house that needs attention even if the company has not traded

No Frills Limited Liability Company Formation

Accounting Reference Dates For Private Limited Companies

Registration of a limited liability company in the UK is not a complex business. Four documents are required to create a limited liability company.

Business has a legal requirement to keep a set of annual financial accounts for tax purposes with rules governing the accounting year end date at which the set of accounts are made up

Essentials of a Memorandum of Association

Every company registered in the UK must have a Memorandum of Association that defines the scope, powers and objects of the limited liability company.

Articles of Association during company formation

The Articles of Association of a limited company  set out the rules and regulations by which the internal affairs of the company are governed.

What Happens After A Limited Liability Company Formation

Directors have immediate responsibilities in regard to the newly registered company. including share certificates, statutory registers, company name and a financial control system.

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