Company Formation & Business Start Ups
Setting up your first company or restructuring an existing business, Kumari Hart Solicitors are here to help with expert business legal advice and assistance.
So, you want to start up your own empire and you have chosen to set up a company?
By doing so you will be setting up a separate legal entity. Its assets and liabilities will not be yours. It can be very tax efficient and protect you against financial risk.
Anyone can easily create and register a company at Companies House for less than £20.00, but has it been done properly? Will the standard Articles and Memorandum of Association be fit for purpose? Will it bite you on the bum later? Our expert legal advice will save your bacon!
The many different types of companies
There are different types of companies that can be incorporated including:-
- Limited Company by Shares
- Limited Company by Guarantee
- Dormant Company
- Limited Liability Partnership (LLP)
- Right to Manage Company
What are ‘Articles of Association’?
Articles regulate the internal affairs of the company. They will make clear who will have the majority voting rights or who will have the overall responsibility for the running the company.
What are the ‘Memorandum of Association’?
This is the document that sets out the constitution of the company. It states that the subscribers wish to form a company and have agreed to become members. It also deals with allocation of share capital.
How can we help with your Company Formation?
Our experts can advise on the advantages and disadvantages of incorporating a company, draft bespoke Articles of Association, give advice on the structure and share capital, draft shareholders’ agreements amongst other associated tasks.
We can do this electronically, within days if necessary.
We are able to incorporate most types of company electronically, without the need for paper forms, the turnaround time being a few days. When filed via post, it can take up to five working days from receipt by Companies House for them to process the incorporated documents.