Limited Company Incorporated - First 'Meeting'

[Matty Jay]

Hello,

I have recently incorporated a limited company with my fiance as the other shareholder in the business. To date we have not had any official 'meeting' to take decisions about the business although informally we discuss things all the time.

Can anyone advise on when we need to do this? We are not planning on starting trading until April/May next year. For now we both remain in full-time employment and planning the business.

As I understand from reading online in the first 'meeting' we should;

• Appoint a Chairperson
• Decide on the company's accounting reference date
  
• Appoint a Bank

Would any of this need to be shared with Companies House?

Thanks,

Matt

 

[ethical PR]

https://www.gov.uk/limited-company-formation/overview

Why have you incorporated a business now if you don't intend to trade until the early summer next year? What advantage do you see this giving your business?

Please don't forget to draw up a shareholders agreement (take legal advice on this). Do a search of this forum and you will see those who haven't drawn up a shareholders agreement and get in trouble further down the line when they fall out, one person is perceived not to be pulling their weight or they want the business to go in a different direction from their partner.

 

[Scalloway]

None of it needs to be shared with Companies House. It is there, like any other Board minute, for the benefit of posterity to show you did things correctly. There is a sample minute here.

http://www.informdirect.co.uk/company-formation/first-board-minutes/

 

[The Resolver]

Ethical PR correctly mentions the importance of a Shareholder Agreement. See my video at www.BoardroomResolve.com explaining why it is reckless to run a company without one.