Forming a private limited liability company is quick and straight forward as long as the necessary incorporation documents are prepared and presented on incorporation.
Memorandum of Association
The memorandum is a form of contract with the world in general. It states:
The company’s name, the situation of its registered office in England (if it is not in Wales or Scotland),
The objects for which the company is formed and the powers taken by the company,
The liability of the shareholders is limited
The share capital and classes of shares and nominal value of each share
The names and address of the original subscribers (shareholders) and number of shares taken by the subscribers.
Articles of Association
It sets out the regulations governing the company’s internal affairs such as how shares will be allocated, the directors and secretary and the meetings will be gorverned. Once your company is incorporated any changes can only be made if 75% of voting rights is obtained.
Statement of First Directors and Secretary and Intended situation of Registered Office (Form 10)
The form sets out the prescribed details of the first directors and company secretary and its registered office.
Declaration of Compliance with the Requirements on Application for Registration of a Company (Form 12)
This can be made by a director or sectary named in the Form 10, the statement of first directors and secretary.
The form 10 and form 12 no longer required since the Companies Act 2006 was implemented.
Concise Accountancy - Company formation solutions for incorporating UK company