The Wholesale Forums

[Rafal]

Hi everybody

My name is Rafal Lipczyk and I am planning to register my first, brand new company in UK within very short period of time.
I am looking for adivce, especially from UK traders as I believethat they know everything in that matter.

I was looking on the internet for a service that will allow me to register a company quickly and I found http://www.eacbs.com/formation_insight.php.
I hope that it is fine to put that link here. This is not advertisment.

They have very reasonable prices and seem to be very proffesional.

I was talking to the operator on the phone and found out that the only form of a company that I may registrer is LTD or PLC.
They require two other people when applying, a director and a secretary.
I thought that it is possible to register company by myslef without a need of other people and asked about that and lady on the phone explained to me that in UK, whatever you do, let's say sell flowers on the corner of the street, you need to have them (director, secretary) to register a company.

I asked if I need to pay them salaries (they are my friends and want to help me to register without any other commitement or compensation) or to report that fact that i have just hired them or any other duties. And the answer was that I do not have to as long as I do not pay them salaries.

Can UK companies owners please confrim that?
Do you all had to have a director and a secretary when registering even small businesses?
Are there any duties after that for me or for them regarding to the fact that they are my director and secretary?

And I am wondering what option should I choose, basic or bonus package.
Basic package is just:

' Hard copies of the Original Certificate of Incorporation
3 prints of the Memorandum and Articles of Association
Accountancy Information
Share Certificates
Payment of all Government fees
Sent by 1st Class post '

and Bonus Pacakge includes

'Basic Package + Bank Account + Vat Registration + Domain Name+ Web Site'

Should I choose basic package or apply for bonus with VAT registration?

I will be thankful for any advice in this matter as I should register company as soon as possible.

Thank you
Rafal

[double_d77]

You could just become a Sole trader, no need for directors etc

Tax, Vat threshold would be around £60k

Check out your bank for sole trader business accounts

Dave

[Boro97]

i'm a registered company cost me £80 only took a few hours
what the person told you regards to director and secretary you don't have to pay either of them a wage , as for the secretary they open your mail and send letters and do your banking lol
go ltd and not plc

[Boro97]

Yes you do need a secretary to register , and yourself as a director thats all you need you have to issue shares as well

[Rafal]

Thank you so much for your advice.

Regarding to Sole Trader.

Which option would be better? Sole Trader or company LTD?

What advantages are when choosing first one or the other option?

Is the only difference that Sole Trader account does not require directors and all other things, trading and so on are the same?

Thank you
Rafal

[Boro97]

Originally Posted by Rafal

Thank you so much for your advice.

Regarding to Sole Trader.

Which option would be better? Sole Trader or company LTD?

What advantages are when choosing first one or the other option?

Is the only difference that Sole Trader account does not require directors and all other things, trading and so on are the same?

Thank you
Rafal

Go ltd and your 3rd question is no difference i'll find the info for you to help you decide and i'll get back to you

[Boro97]

Here is a link for you to read just click on each link you want to read http://www.companieshouse.gov.uk/abo...tml/gbf1.shtml

[DSC]

What they told you over the phone is wrong. You do not need three people.

I own ltd companies of which I am director and company secretary with one other person as a director.

[Boro97]

deleted

[Boro97]

you need 1 other director if you are secetary as well as a director otherwise you as a director and you then need a secetary