Call our team today on 0161 959 0166
Office opening hours
Mon - Fri 8.30am - 5.00pm

Setting up a limited company

Setting up a limited company

If, having factored in all costs, you decide to proceed with a limited company, you will need to take the following steps:

  • First off, you will register (or incorporate) your business with Companies House, the registrar for UK businesses. This can be done, by yourself, online (for a nominal fee of around £15-75 plus VAT), or by a solicitor or accountant.
  • You will need to register the company for corporation tax. If you fail to register with Companies House within three months of incorporating, you will have to pay a penalty charge.
  • You’ll need to set up a special purpose vehicle in order to ‘buy’ existing or new stock. This is a company which is registered for the sole purpose of buying or letting property. Most lenders will only choose to deal with SPV’s, or ‘none trading companies’, because they are less risky than trading companies and easier to underwrite.
  • You should set up a separate company bank account.

    Once this is all done, you will start the process of transferring, or ‘selling’, existing property stock to your company.

Posted by admin

FREE no obligation
mortgage advice

Receive a call-back or call us free on 0161 959 0166

Newsletter Signup

Keep upto date with latest news

[mc4wp_form id="338"]

Reasons to choose Charles Louis

Independent FCA regulated mortgage advisers, here to give you the whole market mortgage options.
icon

FCA Regulated

icon

Whole Market Access

icon

Expert Advice

icon

Great Feedback

Speak to an expert adviser today and let us help you. Request a call-back call us on 0161 959 0166