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CO-WORKING SPACES

Cheap Company Registration: Do It in 9 Simple Steps

Registering a company with Companies House can be a better way to manage your tax than being a sole trader. The good news is that there are now cheap company registration (UK) packages available that you can use to complete the process online.

 

1. Weigh Up the Alternatives to a Limited Company

The most popular alternative to registering a company is to operate as a sole trader.

This model has several advantages, particularly if you are a contractor and work for yourself. For one thing, you are in full control. There are no directors or shareholders to run things by. And for another, the only real paperwork you need to worry about relates to your end-of-year taxes.

Another option is to enter a business partnership. Here, you and your partner share responsibility for everything to do with the company and split the profits equally.

 

2. Consider the Benefits of Registering a Company

There are several advantages to registering a limited company. Perhaps the main one is that your personal assets should be protected if the company builds up debts it can’t pay back. This will give you room to take a little more financial risk when getting the business off the ground.

Registering a limited company can also open avenues to being tax efficient. For instance, you could draw the bulk of your income in company dividends, which aren’t subject to income tax.

What’s more, a limited company can claim more in allowable expenses and reliefs than a sole trader or a partnership. There are tax deductible costs which you can offset against a company’s profits, meaning you get to keep more of your money.

Not sure whether a limited company is right for you? Give one of our business experts a call on 020 7129 8651 (or click ‘feedback’ on the sidebar), Mon-Fri, 9-5.30, for some free advice.

 

3. Pick a Name for Your Limited Company

The name you register with Companies House needs to be unique. Choose something that you like saying and hearing because you’ll likely be doing both many times a day. Give some thought to how the name will look on marketing material and make sure it’s easy to spell.

Got a name in mind? With our free online search tool, you can check whether your company name is available with Companies House.

 

4. Get Expert Help

A company foundation specialist can help you:

  • Minimise what you pay in tax
  • Register your company with Companies House
  • Complete the Memorandum of Association that explains how you will run your company
  • Issue shares to other shareholders and understand the types of shares available and how they work

 

5. Pick a Company Formation Package

With our company formation packages, cheap company registration (UK) is quick and simple. There are four packages to choose from:

  • E-Formation (£9.99): perfect if you want to secure a company name and don’t need any official printed documents.
  • Essential (£19.99): offers you complete confidence that you’re starting a company with the rules and regulations covered.
  • Entrepreneur (£59.99): kick-start your next big venture with official compliance and additional documents of incorporation.
  • Super (£89.99): the complete secretarial and compliance package to establish your company on a robust footing.

Best of all, when you sign up for one of our company formation packages, we pay the £12 Companies House filing fee for you!

 

6. Register Your Company as an Employer

You must do this even if the only person you plan on paying is yourself in your capacity as company director.

 

7. Register for VAT

If your annual turnover will be more than £85,000, you should register for VAT. This is something an accountant or company formation specialist can help you with.

 

8. Register for Corporation Tax

Make sure to do this in your first three months of trading or you could have to pay a fine. HMRC will send you the information you need after you register your company with Companies House. This will include your tax reference number and the deadline for filing your annual return.

 

9. Set Up a Business Bank Account

If you don’t have time to shop around, we can save you the hassle and help you set up a business bank account. We have a special relationship with Barclays which means you’ll get a range of great benefits with a Barclays Bank Business Account for Start-ups:

  • Free business banking for 12 months (terms and conditions apply)
  • Loyalty rewards – the longer you bank, the more money you get back
  • Support and guidance from the Barclays Business Banking telephone team
  • Manage your account online, by phone, via the Barclays Mobile Banking app or in branch

Find out more and sign up today

 

Register your own business from £9.99

Our simple process

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Formation bundles to suit all businesses

E-Formation


£9.99

INCL. VAT

ONE OFF



NOW 25% OFF

Essentials

£19.99

£14.99

+VAT

ONE OFF

RRP £56, SAVE 73%

Entrepreneur


£59.99

+VAT

ONE OFF

RRP £115, SAVE 48%

Super


£99.99

+VAT

ONE OFF

RRP £295, SAVE 66%

Pro


£149.99

+VAT

PER YEAR

RRP £1000, SAVE 85%

Limited company

TFC support agent

TFC Hub access

Business phone number

Business bank account

Tax and accounting

Digital docs

Limited company

TFC support agent

TFC Hub access

Business phone number

Business bank account

Tax and accounting

Digital docs

Printed docs

Limited company

TFC support agent

TFC Hub access

Business phone number

Business bank account

Tax and accounting

Digital docs

Printed & bound docs

Registered agent

Limited company

TFC support agent

TFC Hub access

Business phone number

Business bank account

Tax and accounting

Digital docs

Printed & bound docs

Registered agent

Confirmation statement

Limited company

TFC support agent

TFC Hub access

Business phone number

Business bank account

Tax and accounting

Digital docs

Printed & bound docs

Registered agent

Confirmation statement

Dissolution service

Company filling edits

Dormant returns

Legal and finance

Upgrade for support and peace of mind

Get up and running with everything you need to start and run your business. Subscribe and let us take care of your on-going filing requirements.

Starter

£29.99

+VAT

PER YEAR

RRP £220, SAVE 86%

Limited company

TFC support agent

TFC hub access

Business phone number

Business bank account

Tax and accounting

Digital docs

Confirmation statement

Dissolution Service

Company Filling Edits

Dormant Returns

Continue with one-time purchase

Upgrade for support and peace of mind

Get up and running with everything you need to start and run your business. Subscribe and let us take care of your on-going filing requirements.

Starter

£29.99

+VAT

PER YEAR

RRP £220, SAVE 86%

Limited company

TFC support agent

TFC hub access

Business phone number

Business bank account

Tax and accounting

Digital docs

Confirmation statement

Dissolution Service

Company Filling Edits

Dormant Returns

Continue with one-time purchase

Tax and accounting

Get access to Crunch bookkeeping software for free as well as exclusive discounts with other market leading software providers.

Registered agent

Included with this bundle

A 3 in 1 service that protects your privacy, all other directors privacy and includes our mail forwarding service.

Registered office address:

On the public register, use our address as the business’s registered office address

Service address:

On the public register, use our address as all the directors service address

Mail forwarding:

Quick and efficient mail forwarding and junk mail filtering. No additional handling or postage fees.

Registered agent

Free for 3 months with this bundle

A 3 in 1 service that protects your privacy, all other directors privacy and includes our mail forwarding service.

Registered office address:

On the public register, use our address as the business’s registered office address

Service address:

On the public register, use our address as all the directors service address

Mail forwarding:

Quick and efficient mail forwarding and junk mail filtering. No additional handling or postage fees.

Registered agent

Free for 12 months with this bundle

A 3 in 1 service that protects your privacy, all other directors privacy and includes our mail forwarding service.

Registered office address:

On the public register, use our address as the business’s registered office address

Service address:

On the public register, use our address as all the directors service address

Mail forwarding:

Quick and efficient mail forwarding and junk mail filtering. No additional handling or postage fees.

Knowledge hub

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The Formations Company and Companies House

Learn more

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What is a Private Limited Company?

Learn more

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How long does it take to register a new company?

Learn more

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When should I change from sole trader to limited company?

Learn more

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Limited Company Vs Sole Trader: Advantages and Disadvantages

Learn more

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Setting up a limited company for contracting

Learn more