new company

new company

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Hi

i am setting up a new limited company via companies house start a company. i was wondering once i have completed all the steps in the process is that all i need to do or do i need to do something else after the steps have been done?

i have never set up a new company before so not too sure! i have all the directors information and share capital.

thanks

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Euan's picture
By Euan MacLennan
20th Jan 2013 09:59

Talk to an accountant - now

One of the irritations that accountants have to endure is people who form a limited company themselves and when they get a reminder from Companies House a year later that they must take urgent action to file their Annual Return or accounts, they finally get round to going to see an accountant.

Amongst the things that need to be done when a company is formed are:

issue share certificates to the subscribersallot any shares in addition to those subscribedprepare the appropriate minutes of resolution of the director(s) and member(s) of the companywrite up the statutory registersconsider changing the default accounting date at Companies Houseregister for the online Government Gatewayregister with HM Revenue (online) for Corporation Taxprobably, register with HM Revenue (online) for PAYEpossibly, register with HM Revenue (online) for VATset up a book-keeping systemfollow the rules for quoting business details on invoices, letters and e-mails

Most accountants will give you a first half-hour meeting for free.

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Replying to ksagroup:
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By JANINE X1
20th Jan 2013 11:40

Thanks, I do the accounts for our company at the moment also annual returns its just I have never actually set up a new company.
The company we are setting up will probably remain dormant for a couple of years we are just wanting to make sure noone takes the name, so don't need to worry about Vat and paye for the time being.

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By User deleted
20th Jan 2013 10:07

To the OP; one good thing you've done is that you've made this post on here. Now you need to get an accountant asap.

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Jennifer Adams
By Jennifer Adams
20th Jan 2013 12:28

Have a look at this article...

https://www.accountingweb.co.uk/topic/practice/post-incorporation-get-details-right/512250 

This article gives a checklist of what you need to do - step by step.

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