Help pleaseeeeeeeee!

[lss]

Hi!

need help!

trying to set up a LTD company, struggling with filling in the companies house 'IN01' form.

I am okay up to part 3, statement of capital etc I just dont know how to fill it in, the whole section!

I'm just setting up the company to then lay it as dormant, so no major shares etc, to be honest the bare min I'm looking at which I thank is £1

Please can sombody kindly help as im not liking this one bit!

thank you in advance!

[David Griffiths]

What's the point of struggling when a company formation agency will do the lot for not much more than £20?

And even if the company is dormant you will still have to file accounts and annual returns at Companies House. You'll need to be on time with those forms as there are substantial penalties for being late with the accounts.

[elainec100@cheapaccounting]

I agree with David - by the time you have paid the Co House fee you may as well have paid for a formation house to do all of this and then you know it is set up correctly!

[DickM]

Hi!

need help!

trying to set up a LTD company, struggling with filling in the companies house 'IN01' form.

I am okay up to part 3, statement of capital etc I just dont know how to fill it in, the whole section!

I'm just setting up the company to then lay it as dormant, so no major shares etc, to be honest the bare min I'm looking at which I thank is £1

Please can sombody kindly help as im not liking this one bit!

thank you in advance!

Why not leave the Ltd Co admin bit until you actually need it. I found Co House quite quick when incorporating my Ltd Co in 2005. It was the business bank a/c that took the time to get up and running! So suggest you do your homework on the financing side of things before you "leap" into the corporate world ;)

[lss]

Why not leave the Ltd Co admin bit until you actually need it. I found Co House quite quick when incorporating my Ltd Co in 2005. It was the business bank a/c that took the time to get up and running! So suggest you do your homework on the financing side of things before you "leap" into the corporate world ;)

Purely because I want to protect my company name I'm planning on doing. going to set it as dormant as soon as set u p with them. I take it business bank accounts take a while to set up then

Also, whats the min amount you can have as a share in a private ltd company? is it just a £1 or more?

[DickM]

Below link is relevant to your Q .............
"Is there a maximum and minimum share capital?
Answer: There is no minimum or maximum share capital requirement for a private limited company. But there must be at least one share of GBP00.01 "

http://www.sfsgo.com/sharecapital.asp

-------------------------------------------------------------------------------------------------------------------------
The following info from Co House website
http://www.companieshouse.gov.uk/about/pdf/gp1.pdf
also advises that a Ltd Co can be limited by shares or guarantee:-


Private company limited by shares:
This type of company has a share capital and

the liability of each member is limited to the amount, if any, unpaid on their shares. A
private company cannot offer its shares for sale to the general public.
Private company limited by guarantee:



This type of company does not have a

share capital and its members are guarantors rather than shareholders.
A company is limited by guarantee if the members liability is limited to such amount as the members undertake to contribute to the assets of the company in the event of its being wound up.



BTW, I incorporated my own Ltd Co in 2005 to "protect" my Co's name, as it was already the subject of a registered patent with the IPO - which incidentally is much more expensive to "own" than going the Ltd Co route.

Hope all this is of some use to you.

[lss]

Top man quality post!

Below link is relevant to your Q .............
"Is there a maximum and minimum share capital?
Answer: There is no minimum or maximum share capital requirement for a private limited company. But there must be at least one share of GBP00.01 "

http://www.sfsgo.com/sharecapital.asp

-------------------------------------------------------------------------------------------------------------------------
The following info from Co House website
http://www.companieshouse.gov.uk/about/pdf/gp1.pdf
also advises that a Ltd Co can be limited by shares or guarantee:-


Private company limited by shares:
This type of company has a share capital and

the liability of each member is limited to the amount, if any, unpaid on their shares. A
private company cannot offer its shares for sale to the general public.
Private company limited by guarantee:



This type of company does not have a

share capital and its members are guarantors rather than shareholders.
A company is limited by guarantee if the members liability is limited to such amount as the members undertake to contribute to the assets of the company in the event of its being wound up.



BTW, I incorporated my own Ltd Co in 2005 to "protect" my Co's name, as it was already the subject of a registered patent with the IPO - which incidentally is much more expensive to "own" than going the Ltd Co route.

Hope all this is of some use to you.

[DickM]

Nice one Iss ;)