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Company Formation Services

What is company formation?

Company formation is the process of incorporating a business.

By incorporating a business, the business becomes a limited company; a separate legal entity from its owners or managers.

Both new and existing businesses can become incorporated.

What are the benefits of company formation?

There are many reasons why you might decide to incorporate your business;

  1. Financial protection (limited liability protection)
  2. Professional status
  3. Tax efficiency and planning
  4. Higher personal remuneration
  5. Separate legal identity
  6. Credibility and trust
  7. Greater investment and lending opportunities
  8. Protecting a company name
  9. Pensions
  10. Splitting income

What are the stages of company formation?

There are several stages involved in forming a limited company, including deciding whether to incorporate the business yourself or engaging an accountant to incorporate the business on your behalf.

  1. Choose a business name.
  2. Choose your directors.
  3. Choose shareholders or guarantors and identify people with significant control (PSC) over your company.
  4. Prepare documents agreeing how to run your company.
  5. Check what records you’ll need to keep.
  6. Register your company.

Please read our guide to setting up a limited company for more detailed information about the stages of incorporating a company.

Our company formation services

At PW John and Co accountants in Weston-super-Mare our chartered certified accountants offer the following company formation services;

  • Advice on the pros and cons of incorporation for your personal situation
  • Appointment of directors
  • Appointment of company secretary
  • Issue of subscriber shares
  • Completion of all necessary minutes and resolutions
  • Tax review with regard to company formation
  • VAT registration
  • Company registration for Corporation Tax
  • Set up of Company PAYE scheme
  • Book keeping set-up advice
  • Business plans
  • Assistance with raising finance

Get in Touch

Please contact us if you need further advice, have any questions about our services, or would like a free consultation or a fixed quote.