10 mistakes to avoid when forming a limited company

If you are thinking about forming a limited company, you will want to get it right first time. Although the company formation process in the UK is relatively straightforward, it’s easy to make mistakes that may cause your application to be rejected or require correction after incorporation. Based on our extensive experience, we reveal the 10 most common company formation mistakes and how you can avoid them.

Useful Links
Rapid Formations – 4 steps to forming a limited company
https://www.rapidformations.co.uk/help-centre/steps-to-forming-a-company/

GOV.UK – Company name rules and restrictions
https://www.gov.uk/government/publications/incorporation-and-names/incorporation-and-names#choosing_name

GOV.UK – Types of companies
https://www.gov.uk/limited-company-formation

GOV.UK – 99% of companies are now registered online
https://companieshouse.blog.gov.uk/2017/08/21/successfully-register-a-company-with-companies-house/

Rapid Formations – A Central London Registered Office – £39.00 per year
https://www.rapidformations.co.uk/additional-services/london-registered-office/

Rapid Formations – Our Full Company Secretary Service
https://www.rapidformations.co.uk/full-company-secretary/

Blogs
Rapid Formations – Company name – rules and restrictions
https://www.rapidformations.co.uk/blog/company-name-rules-and-restrictions/

Rapid Formations – Should I choose Limited or Ltd in my company’s name?
https://www.rapidformations.co.uk/blog/limited-or-ltd/

Rapid Formations – How many shares do I need to issue?
https://www.rapidformations.co.uk/blog/how-many-shares-do-i-need-to-issue/

Chapters
0:00 Intro
0:52 Choosing a company names that’s already in use
1:27 Not providing supporting documentation for sensitive words
1:57 Setting up the wrong type of company
2:38 Inconsistencies and spelling mistakes
3:16 Providing initials instead of full names
3:36 Avoid providing an unsuitable registered office address
4:16 Adopting the wrong articles of association
5:10 Appointing an ineligible company director
5:32 Issuing too many shares
6:21 Avoid providing unsuitable share information

About Rapid Formations:
Rapid Formations is the UK’s #1 Company Formation Agent on Trustpilot. Since starting, thousands of new business owners have trusted us to form their companies. We believe that everyone should be able to get their ideas ready for business.  Which is why we make it easy and affordable to set up a UK limited company – and offer a range of services to support business growth.

Website: https://www.rapidformations.co.uk
Blog: https://www.rapidformations.co.uk/blog/
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