Setting up a limited company in the UK involves various tasks. After deciding on whether a private or public company is needed, a company name that has not already been registered with Companies House has to be decided upon. Companies House provides a company name availability checker HERE.
You then need to supply Companies House with personal details and the company will be initially set up within hours of having those details. Following from this, the company has to go through an incorporation process. This involves a set of documents that need to be completed & returned to Companies House and at Taxfile we can do this on your behalf. Companies House will then send you a company registration number along with your date of incorporation. The month stated here pinpoints when your company account will be made up to, so for e.g. if your company was incorporated on 10th of December 2018, your accounts would cover the period 01/12/2018 – 30/11/19. Once you have your company registered you will then need a bank account solely for the business, as it is now it’s own financial entity, and separate from you.