Basic Needs to Set up A Company
To form a company, also known as setting up a company, you will need to submit the following documents, along with the registration fee, to the companies registration office:
1. Memorandum of Association
2. Articles of Association
3. Form A1
- To carry out the set up of a company you can download the forms above from the companies registration office website at companieshouse.gov.uk
Memorandum of association
Your company set up will involve whats called a memorandum of association. This memorandum of association sets out the conditions upon which the company is granted incorporation. It must contain provisions dealing with certain matters e.g. the name and objects of the company and, if it is a company with limited liability, that fact must also be stated.
The memorandum of association must be in accordance with, or as near as circumstances permit, to the appropriate table in the First Schedule to the Companies Act 1963. It must be printed and divided into paragraphs and numbered consecutively.
Types of company
To set up a company in UK you must decide first which is the most appropriate type of company for your enterprise-
1. Private company limited by shares Table B
2. Company limited by guarantee and not having a share capital Table C
3. Company limited by guarantee and having a share capital Table D
4. Unlimited company Table E
5. Public limited company Second Schedule of Companies (Amendment) Act 1983
Articles of Association
Your company set up will also require the use of Articles of Association. The Articles of Association is a document which sets out the rules under which the company proposes to regulate its affairs.
Articles of Association are required to be registered by a company limited by guarantee and having a share capital or an unlimited company. Articles of Association must be printed and divided into paragraphs and numbered consecutively.
A company limited by shares or a guarantee company not having a share capital may register Articles of Association with the CRO. Model form Articles of Association are set out in the First Schedule to the Companies Act 1963.
Samples of memorandums and articles may be obtained from legal stationers, accountants, solicitors or company formation agent.
Form A1
Form A1 requires you to give details of the company name, its registered office, details of secretaris and directors, their consent to acting as such, the subscribers and details of their shares. It incorporates a statutory declaration that the requirements of the Companies Acts have been complied with, and the activity which the company is being formed to engage in.
Applications for company set up can be submitted under any one of three schemes, each of which has a different customer service standard:
Ordinary: while there is no guaranteed service level, in practice it takes 15 working days.
Fé Phrainn: Ten working days
Companies Registration Office Disk: Five working days
Documents are processed in chronological order and are subject to checks. Documents returned for correction are processed according to their date of re-submission to the companies registration office
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