Frequently asked questions (FAQ)
What is a limited liability company?
A limited liability company is a private company whose owners are legally responsible for its debts, in proportion to their respective contributions.
What is a "ready-to-use" company?
Ready-to-use companies are registered companies that already exist.
What is a dormant company?
A dormant company is one that is registered but not operating.
You can register your company as dormant if you wish to use it at a later date. You could also consider buying a “ready to use” dormant company. You can also mothball your existing company.
Creating a limited liability company (LTD)
What are the advantages of having a limited liability company?
Si vous vous déclarez sous le statut d’entrepreneur individuel, tous vos biens personnels peuvent être utilisés pour compenser les dettes de l’entreprise, tandis qu’en tant que société, seuls les actifs de votre société peuvent être utilisés, tant que vous n’avez pas agi de manière abusive. L’immatriculation de votre société protégera également le nom de votre société.If you register as a sole trader, all your personal assets can be used to offset the company’s debts, whereas as a company, only your company’s assets can be used, as long as you have not acted improperly. Registering your company will also protect your company name.
How long does it take to set up a limited liability company?
All our companies are generally created in less than 48 working hours.
You have no paperwork to complete, just an online form to fill in on our website (you will receive the link to the form page to fill in as soon as you have ordered your company) and your company is ready to operate in no more than two working days.
You don’t have to go anywhere; you fill in the company formation form from your computer.
Can I change the name of a standard or ready-to-use company?
You can, of course, change the name of your company provided that the name you want is not too similar to another company name already registered. We can provide you with this service (see the “Other services” page).
What details are required to form a limited liability company?
We will need the full name (+ date of birth, nationality) and address of the director and those of the partner(s) (the director may be a partner and one partner is sufficient); we will also need a copy of the passport or identity card and a copy of the electricity, water, telephone, tax or latest bank statement, less than 3 months old, of each director and partner.
How many people do you need to form a limited liability company?
You need at least one administrator (director) to form the company, who may also be a partner.
We can provide you with a director, who can replace you on the public register; under certain conditions, this director can represent you at the bank (see the “Share Packs” page).
We can also provide you with a partner (shareholder), who can also replace you on the public register, thereby ensuring public confidentiality on the register (see the “Action Packs” page).
Who can be a director?
Anyone over the age of 18 can be a director.
Do you need to sign documents?
No, your order constitutes a contract. As all our companies are created electronically, no signature is required on your part.
What is the EORI register?
The EORI register provides a list of companies authorised to trade for customs purposes. This is the registration and identification of economic operators and is a legal obligation for import-export companies. We can provide you with this service (see the “Other services” page).
Do I have to register for VAT?
You must register for VAT if your company has a turnover of more than £85,000. You can also register for VAT voluntarily, without obligation, even if your turnover is less than £85,000. We can provide you with this VAT registration service (see the “Other services” page).