How To Register a UK Limited Company in 17 Minutes 

In the event of death who would be able to run the business? Someone else would need to get a court order to become a director, which could take a long time

Yes it is the right process to follow. Not sure of the SIC code offhand but Companies House is searchable 👍

Great tip, thank you for sharing

We sure do and you can book this with us here: optimiseaccountantsltd.as.me/?appointmentType=35146117

SIC Code 55209: Other holiday and other short stay accommodation (not including holiday centres and villages or youth hostels) n.e.c.

@@UK-Property-Tax-Accountants thank you 😊

You are welcome 🙏

Hi, would this be the same for Rent to Serviced Accommodation business? Thank you!

Yes indeed

A thorough review will always be required. Glad you found the video useful.

Please see our website for details: www.optimiseaccountants.co.uk/

As long as the shares are paid into separate bank accounts you should be fine provide that you check on Companies House that they are indeed the correct shares

Sadly not as there is a lot of detail here. Get a professional. I do not recommend o DIY approach. I would not do it myself and have legal experts draft my companies articles

You are very welcome

Having a limited company with one shareholder one director as problematic if you should become unconscious. Who would be able to deal with the company affairs if you are in a coma? Nobody? Equally if you are dead who can then take care of the company? Do you have a long drawn out process through the courts or anyone of your friends or family to take control of the company

@@UK-Property-Tax-Accountants thanks so much. My guess was incapacitation… with all the considerations and things that need addressing when starting an ltd, I’m surprised this isn’t mentioned more! Something I nearly overlooked, clearly. Thanks for all the tips and videos 👍

Just had a good conversation with a solicitor… the way around the sole director/shareholder incapacitation or death is a Will, LPA and amended Model Articles to allow appointed attorney to take decisions for the director. Simply adding a shareholder requires a similar approach to sole director as the shareholder/s have given up the right of director control. And even a two director, two shareholder structure needs attention and has issues, she writes: Absent a shareholders’ agreement, provisions in the Wills and/or a Lasting Power of Attorney, unless there are provisions to the contrary in the articles of association, board meetings may not be quorate (one director not being sufficient) and a 50% shareholder cannot pass an ordinary resolution to appoint another director. Companies with two directors who are also 50/50 shareholders are known as “deadlocked” companies because one director or shareholder cannot make decisions or pass resolutions without the other’s support. It is important to have a shareholders’ agreement in place with a mechanism for breaking the deadlock, or to make provision in the Wills and Lasting Powers of Attorney for both director/shareholders to avoid deadlock leading to stalemate and the demise of the company. - All the best, Sam.

You are more than welcome 🙏

Very nice insights thank you for sharing. This will be very helpful to others 🙏

It is possible to set up a UK limited company for non-UK residents 👍

You can set up a UK company from anywhere in the world 🌎

​@@UK-Property-Tax-Accountants Do I Need of passport for register my Company or can I use my identity card? I am on UE Italy

@giuseppebonelli it might be better for you to use a specialist like us to set up the company for you. That way we can do all the necessary checks and set up a company correctly.

@@UK-Property-Tax-Accountants in reality I Think who Is really Easy incorporate a Company in UK ,in Italy is different, much different I'd like do by myself but I have not a passport, only identity card for this I asked if Is possibile use the identity card, on the final step when I pay during register process

Yes you will

Please visit our website here www.optimiseaccountants.co.uk/what-is-a-uk-property-investment-company/

I am not sure I understand. Would you elaborate for me?

If you are referring to a limited company code then you do not need one for property maintenance as you would use 68209 rental property or 683 100 for property flips

@@UK-Property-Tax-Accountants Thank you

Always welcome 🙏

@@UK-Property-Tax-Accountants I've watched your video three times, & the part you explain about shares, helped me a lot. Thanks

Thank you 🙏

You could use; 86900 Other human health activities

@@UK-Property-Tax-Accountants Thank you very much for that, you really made my day!

I am delighted that I can make someone’s day. Have a tremendous week

You are welcome

It very much depends on how much money you make. My guess is that you are likely to face 19% corporation tax.

@@UK-Property-Tax-Accountants After crossing 85k right?

@@UK-Property-Tax-Accountants I registered for ltd company but they said that I also registered for Corporation tax and HMRC will contact me separately. Now for registering Corporation tax how much I need to pay now because as a new company I donot generated any revenue whatsoever

I think you are referring to VAT. Please do get some tax advice

@@UK-Property-Tax-Accountants And does every ltd company based in uk must have a Corporation tax and what will be happened if I do not register for Corporation tax certificate? Will HMRC remove my ltd company? Because in Amazon a ltd company has to pay tax after passing 85k pound.

We can for the company for you for £795 but can’t help on a pro bono basis sadly