FAQ's

Why you need a company?

You will need a limited company to protect yourself and your personal assets from business-related debts. There are numerous benefits of using limited companies for your trading activities, but one of the most important is debt protection.

How to choose a right business name for your company?

Selecting the right business name is pivotal in establishing a strong brand identity and market presence. It should be distinctive, memorable, and aligned with your company's values and offerings. FormationHunt offers comprehensive guidance in navigating the intricacies of business naming, ensuring a name that resonates with your audience.

How long it takes to form a company?

Formations of company can take as little as 3hrs. time but that,depends on variety of factors. When you place an order with a company formation agent like us, things become easier for you but to keep it that way we have to work on lot of things from keeping ; our website is open 24 hours a day, seven days a week, but we submit the orders received to Companies House-which does not provide a 24-hour service. Their office hours are 8 a.m. to 6 p.m. Monday through Friday, and they are closed on weekends and on holidays. So, if you place an order with us on a Friday night, it will not be processed until Monday. Furthermore, there are times when Companies House is extremely busy, resulting in a longer processing time.

When can I start trading?

Your company can begin trading as soon as you receive an email containing your Certificate of Incorporation. It can immediately enter into contracts, make sales, hire workers, and purchase goods and services. Even though it does not yet have a bank account, it has full legal capacity.

What kind of companies i can form here?

A Company Limited by Share: This can be formed by a single individual who serves as the sole shareholder and director or by a large number of shareholders with a large number of directors. They are the most common company trading structure in the UK.

Partnerships with a Limited Liability(LLP) : Generally fromed by formed by Professional organisations such as accountants, engineers, and solicitors.

Companies Limited by Guarantee : Mostly formed by Non -profit organisations such as clubs, associations, charities, and social enterprises.Instead of shareholders, they have guarantors who guarantee a small sum. A limited by guarantee company can be formed with only one guarantor and director.

Public Limited company(PLC) : It’s for those who wish to set up a public limited company and require atleast two directors to form PLC,the PLC package offers a range of services that helps in the easy formation of your company at an affordable rate.

Eseller : Its perfect for those who wants to establish an eCommerce company willing to sell products or services through their e-platform. This is ideal for those willing to establish and sell through their eCommerce websites.

What documents you get from us after the incorporation?

Upon successful incorporation, FormationHunt provides a comprehensive set of documents essential for legal compliance and business operations. These typically include the Certificate of Incorporation, Memorandum and Articles of Association, and Share Certificates, empowering clients to commence their business endeavors confidently. You can also access all other documents related to your company under the documents section by logging into our online company manager.

Can I form a Company being a Non-UK resident?

Yes you can,please choose our Non-resident package to form your company in the UK without hesitation.You dont have be a resident of the UK to form your company.However you do need to have a UK registered office,please check our Registered Office Service under Address Services.

What information is required to set up a company?

Your limited company formation can be processed in minutes in few simple steps with little information.You need to choose a name for your company through our company name checker,a registered company address,director details,shareholders details,secretary details and person with the significant control(PSC)details.

What is the registered email address?

A registered email address is a crucial requirement introduced under the Economic Crime and Corporate Transparency Act 2023. According to Section 88 of the Companies Act 2006, the registered email address is used to communicate during company formation for various matters concerning the company, including reminders, notifications, queries, or challenges regarding information held on the public record.

It is mandated that a company must maintain a registered email address while forming a company, which must always be valid and accessible by a person acting on behalf of the company. This ensures that important communications from regulatory authorities, such as Companies House or the Company house agents, can reach the appropriate individuals within the company. Failure to comply with this requirement can lead to serious consequences for both the company and its officers, emphasizing the importance of maintaining an appropriate registered email address at all times.

How to Change the registered email address of a company?

Changing the registered email address of a company is a straightforward process facilitated through both our platform and the online services of Companies House. If you want to change it by our platform then you simply have to go to the “My Account” section and click on the “My Details” option and you will get to see the option to change the email address. It will ask you if you are sure to change the email address; if you click on yes, your email ID will simply get changed. If you go through the Company House portal, log into the Companies House online account, provide the necessary authentication code, and enter the new email address, the change can be swiftly executed.

Do i need to provide any proof of ID?

It is a legal requirement for all the company formation agents,including us,to verify your proof of identification and address.Over 90% of our customers automatically pass our digital ID checks and those who don’t,can go to SmartSearch or Credas app and check for more information.

What is Know Your Customer (KYC) Check?

Know Your Customer (KYC) checks are procedures designed to verify and authenticate the identity of customers or clients during various financial transactions or business interactions. The primary objective of KYC checks is to prevent financial crimes such as money laundering, terrorist financing, and other illicit activities by ensuring that businesses have adequate information about their customers.

KYC checks typically involve gathering essential information about the customer, including their identity, residential address, occupation, source of funds, and the nature of their business relationship with the company. This information helps businesses assess the risk associated with a particular customer and ensure compliance with regulatory requirements.

Do you need a buisess bank account?

There is no legal obligation to have a business bank account but its quite tough to trade without a bank account,if you want to run your daily buisness transactions you must have a buisness bank account to be in shape.We get you a free buisness bank account with every limited company you form as per your business needs.

How Formationshunt is going to help?

As a company formation agent we guide through different processess to form a company which best suits your requirements.We assist you,starting from choosing a name for your company,getting it approved through the company house once selected with full secretarial support and a free business bank account.Not only that,we get you all the necessary tools and support for your business to remain complaint so that you to walk through the ladder of success.At Formationshunt our customer support team works with a motive and mission of being good for good and for a good reason.We are available 24hrs. to provide you with email and telephone support all your lifetime.We also provide you with our free company online manager where you get full range of services and access to all your company details from one place.

Where can i go wrong?

Most people get confused while forming a new company and dont know what choices to make,where to fill what and make mistakes.It further leads to companies getting declined or rejected from the company house.

But you dont need to worry.Once your company is formed, all the errors you made can be corrected, and in most cases, doing so won’t cost you much. We advise you to purchase our pre-submission review service for £4.99 and save yourself from the risk of making mistakes while ordering or facing rejections. By doing this, you remain confident that before your company application is sent to Companies House, one of our professionals will evaluate all the details and gets all verified before submission.

Can i upgrade after buying a package?

Yes,you can upgrade by adding each of the services you need seperately from your company manager portal at an extra.However,you miss the discounted rates for expensive items listed under a package.

Do you need sign any paper work?

Follow our 4 simple steps under the Homepage section ‘We make company formation easy.’ Its completely online,requires no paperwork or signatures, and you can have your company papers in your possession in next 24 hours.

Why doing it through us online?

Through our website, you can simply register a limited company or LLP for as little as £52.99 + VAT, saving you between £200 and £300 in attorney or accountant fees.

How can i save my house address from being public?

It’s mandatory for a company to provide with atleast two official addresses during company registeration process for public record: a registered office address and a director’s service address.Most people prefer not to use their home address in order to maintain their privacy. In that case we suggest you to check our privacy,professional,prestige or all inclusive packages.You can also add address services seperately from your company manager portal at a little extra cost.

What comes with a basic package?

This is the most common and popular type of company formation which is designed to share and generate profits.But at the same time provides protection to those who owns them(shareholders) and to those as well who runs them(directors).Limited Companies are the most common among investors, banks, suppliers, and customers,used to protect a company name.You can start a limited company with only £1 as capital investment.This package covers online company formation at a minimal rate with your company documents sent over digitally.

How many directors and shareholders needed?

A limited company requires one shareholder and atleast one director or both can be the same person. One can form a limited company with only £1 capital and atlast 1 share of £1 needs to be issued.The best part is you just need only £1 as capital investment to start a business with a limited company. When a group of companies is formed, other firms can also serve as shareholders and directors of limited organization.It needs atleast one natural person to serve as a director of a limited company.

A company’s shareholders are its co-owners.The number of shares owned by each shareholder represents his or her stake in a company. A company can have an unlimited number of shareholders. Directors manage a company’s operations and are accountable to its shareholders. Small businesses, in particular, have shareholders who are also directors.

What is Articles of Association?

The company’s written regulations are found in the Articles of Association. They lay out how it will operate, schedule shareholder and director meetings, and other things. They serve as the company’s policies. The model Articles found in the Companies Acts of 2006 are used by the majority of Companies, including those that we have formed. A corporate entity is governed by its own Articles of Association and the Companies Act 2006.

What is registered office address?

Every company that registers with the companies house is required to have a physical address in the country where they do business.The registered office is the company’s official address and all official communications will be sent to that address.Official communications means the communications released by HMRC (the UK Tax Authority),Companies House,and UK Courts of Law.The Registered Office must be a physical address where documents can be served on the directors. In the event of court proceedings, the documents will be received and brought to the attention of the intended recipient. As a result, it cannot be a PO Box unless it is part of a complete address, which includes a street address and a postcode.

How to renew services that comes with a package?

Go to our online company manager section,check the services showing expired to renew.In this package you need to renew the services like registered office address and domain after a year.Call answering and phone number services needs renewal after a month.

How to register VAT with any package?

You can simply add VAT registration from our services menu while buying this package.If your company’s taxable turnver exceeds £85,000 in a year you must register for VAT.You need to report the amount of output and input taxes to HRMC with VAT return filing software online,usually completed every quarter.

Is it necessary for me register VAT?

No not unless your company turnover is expected to exceed £85000 in a year.There is a standard rate of 20% for most of the products and services.With registeration you get a VAT number with certificate from HMRC and first VAT return due date.

How buisness telephone services work?

This package offers you with a free UK phone number for 1month where we provide you with a regional phone number for your buisness to divert all the calls at your desired phone number for you to attend with ease.

We also offer you 1 month of free call answering services with this package where you a professional receptionist assigned for your organisation to handle business calls from Mon-Fri between 8.30am-5.30pm.All the calls will be asnwered by the receptionist in your company name as per your instructions.Your receptionist will transfer the incoming calls and let you know about them or she can take a message and send it to you through email within 10minutes of the call.After a month you can renew the services further if you like.

What is first confirmation statement filing?

The confirmation provides accurate and up-to-date information about the company such as company’s registered address,directors,shares,and persons who posses significant control.With this package we collect few information from you and file the CS01 form with the company house free of cost for the 1st year.

What is GDPR?

We have compiled a set of legal compliance documents to make things easier for you and to save you money on legal fees.We created this legal document template to assist you in complying with English and EU laws, including the GDPR. It will also assist you in managing the legal risks of publishing a website, negotiating and entering into contracts, dealing with intellectual property rights, and so on.You must comply with government regulations, legal policies, and the GDPR. If you violate GDPR, you could face a fine of up to £15 million.

What is PAYE registration?

If you are planning to take a salary yourself, or want to pay an employee whose salary is more than £675/month and in the next 4 weeks, you’ll have to register as an employer with HMRC. Once you register as an employer, you can set up a payroll system to make tax and National Insurance payments to HMRC yourself.We submit your application securely, after which HMRC sends the entire information pack with PAYE reference and accounts office reference within 5-7 working days.