Buy a company name but not operate yet

[Poppet2]

If I purchase a company name, but not operate the company yet, will I still have to employ an accountant to provide returns every year, dispute not operating yet?

 

[Scalloway]

If you register a limited company then you must submit an annual return plus dormant accounts to keep it live.

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[Poppet2]

Ok, but can I submit the annual returns for my dormant company without having to pay an accountant?

 

[Leo-InstallingIT]

If you are capable of submitting it correctly then no you don't. There isn't a requirement even when trading (apart from some activities), it more to do with using there services to help get it right, and most efficient.

Some would says it with getting one on board to start with so you don't make and mistakes with the setup etc - but it's not a requirement.

 

[Your Company Formations]

You can submit annual returns yourself via the Companies House website here. If you haven't already formed your Limited company we can help. To register a new Ltd company with Your Company Formations costs £12.99; Its actually 1p cheaper than forming a company direct with Companies House.

If you have any questions, get in touch.

 

[TODonnell]

If I purchase a company name, but not operate the company yet, will I still have to employ an accountant to provide returns every year, dispute not operating yet?

The returns for a dormant company, done by a qualified accountant, should be pretty cheap. DIY is only for the very poor and/or knowledgable.

 

[MyAccountantOnline]

If I purchase a company name, but not operate the company yet, will I still have to employ an accountant to provide returns every year, dispute not operating yet?

No not at all but as others have mentioned dont forget the Annual return and accounts - the same late penalties apply for late accounts for a dormant company as they do for a trading company.