Limited company - do I need an accountant? Limited company - do I need an accountant?
Posts 1 to 7 of 7
  1. #1

    thesmartoneuk

    Guest

    Default Limited company - do I need an accountant?

    I have setup a Ltd Co to contract through, and a family member (who is a Chartered Accountant) has agreed to be company secretary and do all accounts.

    However, on applying for a business bank account for the company (requirement of contract), I have been asked to produce Form 882 allotment of shares, stamped with my Solicitor or Accountants official company stamp. Alternatively I can provide a Solicitor or Accountants letter confirming allocation of shares.

    What do I do as I don't have an accountant or solicitor!

  2. #2

    planetit

    Guest

    Default

    Unless your chartered accountant friend is willing to help (which it doesn’t look like he is) why not get an accountant for a year. You’ll get all the startup stuff done, and by the end of the year you will have a much better idea what needs doing. You can then decide to go it alone if you still feel it’s worth it.

  3. #3

    Darren at 1st Accountancy Serv Ltd

    Guest

    Default Ltd Company

    Did you set up the limited company over the internet with yourselves being first officers & shareholders....or an off the shelf.

    If you are the first shareholders then there will be no 88(2) with the initial shareholders being confirmed either through the Memorandum & Arts or a companies house search.

  4. #4

    Bradley

    Guest

    Default Re: Ltd Company

    with the initial shareholders being confirmed either through the Memorandum & Arts or a companies house search
    Darren - not quite sure what you mean here - could you expand on this please?

  5. #5

    Darren at 1st Accountancy Serv Ltd

    Guest

    Default Shareholders

    Hi Bradley

    If the company was formed using "thesmartoneuk" as the initial subsciber/shareholders then the memorandum & articles will reflect this.

    If however the formation agent used nominees for the initial subscribers, there should be a share transfer form in amongst the pack of documents received. This would prove that the shares were owned by the client and not the nominee. The only complication would be if additional shares had been allotted which can only be done using a form 88(2).

  6. #6

    Bradley

    Guest

    Default Re: Company

    Thanks Darren.

    I always wanted to know the difference between the £20 company registration fee and what was charged for an off the shelf company with nominee subscribers.

    I assume from what you're saying that if you put yourself down as the subscriber you don't need an accountant/solicitor to witness anything?

  7. #7

    Darren at 1st Accountancy Serv Ltd

    Guest

    Default Shares

    Bradley...that's correct.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •