Structure decided first
Company or sole trader for your profit level; who owns the shares and in what proportions; whether anyone needs a different class so dividends can be paid flexibly; and an accounting date that suits your trading cycle.
Company formation
Incorporation is the easy part. Getting the structure, the registrations and the bookkeeping right in the correct order is what stops the first year producing problems you then pay to fix.
Anyone can incorporate online in ten minutes. The form asks for decisions – share classes, shareholdings, persons with significant control, the accounting reference date – that are easy to answer badly and expensive to change two years later.
Six things, in the order they have to happen – not a certificate and a list of homework.
Company or sole trader for your profit level; who owns the shares and in what proportions; whether anyone needs a different class so dividends can be paid flexibly; and an accounting date that suits your trading cycle.
Name checked against the index and the sensitive-word lists, memorandum and articles prepared, directors and persons with significant control registered, shares allotted. Normally confirmed within 24 hours.
Corporation tax within the three months of trading the rules allow, a UTR for the company and for you, and agent authorisations so we can file on your behalf.
Registered as an employer where anyone – including you as a director – will take a salary, with employee records and starter declarations set up and the first payroll run.
A QuickBooks file with a chart of accounts built for your trade, bank feed connected, receipt capture live on your phone, and every statutory deadline in a calendar you can see.
Keeping proper records, filing on time, maintaining the statutory registers, and not paying dividends out of money that is not distributable profit – the one that causes more trouble in small companies than everything else combined.
Four stages, and we do all of them rather than handing you a to-do list.
Company or sole trader, who holds what, share classes, year end and registered office – the decisions that are expensive to reverse.
Name checked, articles prepared, directors and PSCs registered, shares allotted and the application filed at Companies House.
Corporation tax, UTRs, PAYE where salaries will be paid, VAT where it applies, and agent authorisation throughout.
QuickBooks configured, bank feed and receipt capture live, first payroll run, and every deadline diarised.
A company set up without thought can cost several thousand pounds to restructure two years on – a share split that cannot accommodate a spouse or an investor, a missing corporation tax registration, a year end that fights your trading cycle. None of it is difficult to get right at the start; all of it is expensive to unwind.
Quoted after a free 20-minute call and billed monthly for as long as you need us – no hourly billing, and no charge for asking a question.
Can’t see yours? Call us or drop a message – a person answers.
Ask us something elseOf course, and plenty of clients do. We will review what was filed and correct anything that needs it – most commonly the share structure and a missing corporation tax or PAYE registration.
You need a UK address that appears on the public register and receives statutory post. Many directors prefer not to use their home for that, and we can provide a registered office so your home address stays off the public record.
It matters far less than who holds them and in what class. A hundred ordinary shares split to reflect real ownership is usually cleaner than one share each, because it leaves room to bring somebody in without a restructure.
The first accounting period runs to the anniversary month end of incorporation and can be up to eighteen months. Accounts are due nine months after the period ends, corporation tax nine months and a day. We diarise all of it at formation.
It depends on profit, risk and intention. Sole trader status is simpler and cheaper and suits low-profit businesses; a company gives limited liability and is usually more tax-efficient once profits are meaningful. We model both against your expected figures rather than guessing.
Twenty minutes on the phone and you will know exactly what you are paying, what we will handle, and what changes.