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E-Quick Package |
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 £ 32.00 | No Annual Fees! | | |
 This is our most popular package with UK residents, and includes:
 The submission of forms detailing your company's executive officers
The registration of your £1,000 authorised share capital (a minimum of one share must be issued)
Company formation is usually achieved within 6-8 workday hours (Companies House permitting)
Payment of UK legal and initiation fees
The appointment of your own candidates as directors and secretary (a minimum of two people are required)
The following documents will be e-mailed to you (Note: these documents are to be printed and signed):
Electronic Certificate of Incorporation (PDF)
Electronic Memorandum & Articles of Association (MS Word)
Minutes of the First Meeting of Directors (MS Word)
Share Certificates and company Register
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Economy Package |
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| £ 82.00 | Annual Maintenance Fee £50.00 | | |
This is our most popular package with EU residents, and includes:
The submission of forms detailing your company's executive officers
The registration of your £1,000 authorised share capital (a minimum of one share must be issued)
Company registration is usually achieved within 6-8 workday hours (Companies House permitting)
Payment of UK legal and initiation fees
The appointment of your own candidates as directors and secretary (a minimum of two people are required)
A registered office address for 12 months, provided by Coddan
An application form for the following year's renewal of the Registered Office Address service (£50.00)
Annual Return and Annual Account reminder
The following documents will be e-mailed to you (Note: these documents are to be printed and signed):
Electronic Certificate of Incorporation (PDF)
Electronic Memorandum & Articles of Association (MS Word)
Minutes of the First Meeting of Directors (MS Word)
Share Certificates and company Register
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Premier Package |
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| £ 131.95 | Annual Maintenance Fee £99.95 | | |
This is our most popular package with small business, and includes:
The submission of forms detailing your company's executive director
The registration of your £1,000 authorised share capital (a minimum of one share must be issued)
Company incorporation is usually achieved within 6-8 workday hours (Companies House permitting)
Payment of UK legal and initiation fees
Applicant appointment of director for company (appointed electronically)
A registered office address for 12 months, provided by Coddan
An application form for the following year's renewal of the Registered Office Address service (£50.00)
Nominee company secretary service for 12 months (next year - £49.95)
Annual Return and Annual Account reminder
The following documents will be posted to you (these documents will be sent via Royal Mail):
The original laminated Certificate of Incorporation
A bound copy of the Memorandum and Articles of Association
The Minutes of the First Directors' Meeting
Two printed share certificates and Company Register
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Deluxe Package |
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| £ 256.95 | Annual Maintenance Fee £224.95 | | |
This is our most popular package with overseas residents, and includes:
The filing and registration of your company in England
The registration of your £1,000 authorized share capital (a minimum of one share must be issued)
Company formation is usually achieved within 6-8 workday hours (Companies House permitting)
Payment of UK legal and initiation fees
A registered office address for 12 months, provided by Coddan
An application form for the following year's renewal of the Registered Office Address service (£50.00)
Nominee Company secretarial service for 12 months (next year - £49.95)
Coddan provides a company nominee director service for 1 year (next year - £125.00)
The name of the nominee director & secretary will appear as a public record
Annual Return and Annual Account reminder
The following documents will be posted to you (these documents will be sent via Royal Mail):
The original laminated Certificate of Incorporation
A bound copy of the Memorandum and Articles of Association
The Minutes of the First Directors' Meeting
Two printed share certificates and Company' Register
A pre-signed, undated letter of resignation from the nominee director
A General Power of Attorney signed by nominee director
An indemnity Letter for General Power of Attorney
A nominee service agreement which provides for the indemnification of the nominees
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Name Protection |
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| £ 22.00 | Annual Maintenance Fee £60.00 | | |
The purpose of this package:
This package allows you to register a company name with Companies House and thus prevent this name being used to form a company by anyone else
This package includes:
The registration of a non-trading limited company with your choice of name
Payment of UK legal and initiation fees
A nominee director
A nominee secretary
A nominee shareholder
A registered office address
Management of the company:
Coddan will file the annual return and dormant company accounts on your behalf for an annual fee of £60.00
If you do not wish to renew the management option at the end of term, the company will be dissolved
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| Business Start-Up: Legal Requirements | | |
Company subscribers may be residents outside the UK
You must appoint a minimum of ONE Director
There is no maximum number of Directors
Directors can be corporate bodies or private individuals
A Director can be of any nationality
Directors need not be formally trained
All companies must appoint a company Secretary
Secretaries can be corporate bodies or private individuals
A Secretary can be of any nationality.
If there is only ONE Director he or she CANNOT also be the Secretary
A company must have a minimum of one shareholder who may be a corporate body or an individual
No minimum paid up share capital
A minimum of one share may be issued
Capital may be denominated in any currency
Shareholders and directors meetings may take place outside Great Britain
The company is required to have a registered office in the UK
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(click here for other packages)
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| General Advantages Of Limited Liability Companies:
1. Liability is, in the vast majority of cases, strictly limited to the investments made by the shareholders.
2. Company Officers are not personally liable for their actions unless, in most instances, there is a clear and serious breach of their fiduciary duty.
3. Ironically, despite the limited liability, such entities often benefit from 'greater prestige' than their sole proprietorship or partnership counterparts. The reason is probably because such an enterprise normally requires more planning and thus is deemed more credible.
4. They often benefit from significant tax advantages. In fact, many countries around the world give exclusive tax incentives to this type of entity.
5. The rights of shareholders are normally clearly defined and protected. Promotes good record keeping.
6. Corporate taxes only become payable after the end of the financial year. This means that money that would otherwise be taxed on a monthly or quarterly basis is available to earn further money before the final payment of tax.
7. You must appoint a minimum of 1 Director.
8. Directors can be corporate bodies or private individuals.
9. A Director can be of any nationality.
10. All companies must appoint a company Secretary. A Secretary can be of any nationality.
 +44 (0) 207.748.3039
+44 (0) 800.081.1510
(0) 870.080.2320
 info@uk-ltd-formation.co.uk |
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- DEAR VISITORS, If you want to become familiar with the description and the contents of UK company formation packages, offered by Coddan and to find above, what kind of service is included in this or that English companies registration package, to get an idea about the price of annual renewal of the service, and about the general legal requirements to the company incorporation within foreign countries, please, select the package you need from the list, situated below the banner. The information in the banner will be renewed according to the package you've chosen.
Please note » The prices payable for the items that you order are clearly set out in the web site. There will be no contract of any kind between you and us unless and until we receive payment from you. We act as your agent in the incorporation of companies and electronic filing of Companies House forms. We are not able to guarantee that any such filing will be acceptable to Companies House, nor are there any contractual obligation upon us to do so. If Companies House rejects incorporation or other electronic filing, we will credit your account with a full refund and the contract between us will be made void. Companies House does not offer a cancellation facility for the incorporation of companies or the electronic filing of documents. We will be unable to cancel any such submission on your behalf and will not refund any payment you have made. All prices shown at Coddan Web Site (www.uk-ltd-formation.co.uk) are in Great British pounds.
Live Help » Live Help is a real time "chat" feature which enables you to interact with a customer service representative without a phone call. Get answers to your questions while using our website. Clicking the "Live Help" button will start an on-line session with one of our representatives. Live Help is currently available during normal business hours. Outside of the above opening hours our business center will be closed. When you click on the button you will see an e-mail form that will allow you to send us a mail with your questions. Live Help is absolutely free! There are no hidden fees. We offer the service as a courtesy to our website visitors.
 Shareholders Agreement. Some Uses of Shareholders' Agreements:
In a United Kingdom limited liability company it is possible that, in order to obtain some degree of protection of control, the members would wish to bind themselves either to preserve the status quo or to stipulate that should one or more member(s) wish to withdraw from the company, that the other members should have the right to purchase or find purchasers for the shares (i.e. a right of pre-emption of first refusal on the shares), rather than them being sold to an outsider. This particularly important where the voting strength is heavily unbalanced.
Here are some uses of shareholders' agreements: to give to a shareholder rights which would otherwise be unenforceable if inserted in the company's Articles - e.g. personal rights (as opposed to rights as a member), such as a right to be appointed as a professional adviser to the company. To regulate the special relationships between shareholders which have nothing to do with the administration of the company - e.g. if one or more shareholders are investing in the company. To protect minority shareholders' rights - e.g. by giving them a power of veto which they would not otherwise enjoy under Company Law. To preserve confidentiality.
Shareholders' agreements, properly structured and funded, are a critical part of any business with more than one shareholder. A well-thought-out agreement provides an orderly way to transfer shares in the business and helps keep the business running smoothly in the face of future events such as death, disability or retirement of a shareholder. These agreements generally establish a purchaser for the shares of the deceased or existing shareholder, a formula for determining the purchase price of the shares, and a method for funding the purchase. A venture capitalist who does not acquire control with his purchase of company stock will usually require a shareholders' agreement as a condition of funding. Management that sells a controlling interest in its company's common stock normally insists upon a shareholders' agreement to ensure its continued ability to run the company.
Shareholders' agreements can take a variety of forms and can serve a variety of purposes. They are usually in writing and signed by persons who together own at least a majority of the outstanding shares of the company's voting stock. Shareholders' agreements enable a minority shareholder to exercise more control over a company that he would have otherwise. (By voting his minority interest in the company's shares, he would have no control). A venture capitalist, for example, will almost always insist that management agree to vote its shares so that he will be ensured a seat on the company's board of directors. Sometimes an investor will ask for other types of control as well, such as the right to veto certain important financial decisions made by the directors.
Shareholders' agreements often contain other provisions affecting management and its relationship with its investors. These provisions commonly contain limitations on the manager's ability to sell his shares to outsiders and provide for the disposition of his shares in the event of his death or termination of employment. Shareholders' agreements are also commonly used for estate planning purposes. Management should consider shareholders' agreements carefully. They should have a limited term and, in most cases, should terminate in the event of a public offering of the company's stock or sale of the company.
- Contrast with the Articles of Association:
The Articles of Association of a company are the rules governing its internal management and administration. The Articles are governed by Company Law and are binding on all the members of the company. A shareholders' agreement is an agreement between the members of a private limited company which is governed by the normal law of contract. Some matters covered in a shareholders' agreement may equally be incorporated in the Articles of Association - pre-emption rights, for example. However, bearing in mind that the Articles of Association are open to public inspection, it may be more appropriate in some circumstances to deal with matters in a shareholders' agreement for reasons of confidentiality.
Care must be taken in drafting to ensure that the true effect of the provision of a shareholders' agreement is not to alter or amend the Articles of Association. A shareholders' agreement which does so must be registered at Companies House in the same way as a resolution to amend or alter the Articles, thus forfeiting the advantage of confidentiality.
It is common for the company itself to be a party to a shareholders' agreement both to ensure that it is bound by obligations which might otherwise have appeared in the Articles of Association and to oblige the directors indirectly to give effect to the obligations in it.
- Some Advantages of Shareholders' Agreements:
Here are some uses of shareholders' agreements: confidentiality - provided a shareholders' agreement is drawn carefully so as not to alter or amend the Articles of Association there is NO NEED to file it at Companies House. Can be altered by simple agreement rather than using the formalities of meetings required by companies' legislation. Can be terminated by simple agreement.
- Some Drawbacks:
There may be complications when a member who is signatory to a shareholders' agreement transfers shares: the new member MUST agree to be bound by the shareholders' agreement and the old member released from it - this can be easily overlooked. Shareholders' agreements can become unwieldy if the number of shareholders increases substantially.
- Matters Commonly Included in Shareholders' Agreements:
Provisions covering initial funding and further financing of the company. Warranties and indemnities from existing shareholders to a new shareholder/investor. The appointment of auditors and bankers. Provisions governing the application of funds invested - perhaps by reference to an agreed business plan. Provisions governing any personal guarantees given by a shareholder to third parties dealing with the company. Dividend policies. Rights of first refusal in the event of a shareholder wishing to transfer his or her shares (pre-emption rights). Compulsory transfer or option arrangements. Covenants not to compete with the company nor to solicit its customers, suppliers, officers or employees. Undertakings of confidentiality. Provisions for protection of minority shareholders (e.g. rights of veto). Mechanisms for dealing with deadlock (for a 50/50 joint venture company).
This is not an exhaustive list. Shareholders' agreements range from the extremely simple to the extremely complicated, covering situations such as participation by shareholders in partnership or joint venture companies and investment by venture capitalists. Most venture capitalists will have their own preferred forms of shareholders' agreement and Articles of Association depending on the terms and structure of their investment.
- Shareholders Agreement - From £ 35.00:
A shareholders agreement sets out the relationship of the parties to the agreement, their share of the company, how the business will be run and what happens if difficulties arise.
The document outlines the structure of the company, how it will be financed, who is on the board, what you can and cannot do with shares, what happens to the profits, protection of minority shareholders, what happens to the company if there is stalemate, how the venture can be terminated and what the business and shareholders are allowed to do.
Our Shareholders Agreement can be used where two or more parties wish to carry on business together as a limited company and wish to regulate the relationship between shareholders and determine actions in the event of deadlock. It is suitable for a group of shareholders working together who wish to arrange for particular management decisions (relating to the structure of the company) to be taken unanimously and allows each shareholder to appoint one director. You can insert the names and details of the parties involved, and the wizard will format the document accordingly.
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