How To Set Up A UK Limited Company
3.9 (63 ratings)
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How To Set Up A UK Limited Company

Find out the steps required to take your business from idea, through to a fully registered UK limited company.
3.9 (63 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
3,666 students enrolled
Created by Paul Bryant
Last updated 10/2013
English
Price: Free
Includes:
  • 1 hour on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Establish if your business idea is viable
  • Decide what type of company you should start
  • Understand the legal requirements of the formation process
  • Choose an acceptable company name for your venture
  • Understand the role of shareholders and how to assign shares correctly
  • Complete the company application process quickly and easily
  • Implement basic bookkeeping practices
  • Register with HMRC and other necessary bodies
  • Understand responsibilities of the company and it's Directors
View Curriculum
Requirements
  • Have a business idea
  • Want to start a UK company
Description

Do you have a great idea for a business? Do you want to start your business as a UK limited company?

This course is all about getting you started by helping you setup a fully registered UK limited company. Whilst the thought of all the requirements and legal issues can be a daunting prospect, the fact is, it's much easier to set up a UK company than you probably think - even if you are not a UK resident!

Anyone can form a UK limited company, all you need is a few minutes and an understanding of the requirements.

Over 13 short lectures this course will show you:

  • How to check if your business idea is viable
  • The main types of company you can set up
  • What details need to be provided and how to structure your company
  • What you need to do after your company has been formed

Because the course covers the before, during and after, you will have a complete understanding of how to start your company and feel much more confident about running your business.

No previous experience is required and no technical or legal knowledge is necessary. We'll simply take you step-by-step through everything you need to take care of to get your business trading legally as a UK limited company.

Who is the target audience?
  • Entrepreneurs
  • Business Owners
  • Anyone looking to start a business in the UK
  • Can be located anywhere in the World (non-UK residents are welcome)
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Curriculum For This Course
Expand All 13 Lectures Collapse All 13 Lectures 01:08:12
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Introduction
1 Lecture 02:19

Starting a UK company is not as difficult as you may think, even if you are not a UK-resident. In this introductory video you will find out what this course is all about and why so many people are choosing to set up a UK limited company.

Introduction
02:19
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Before You Set Up a Company
3 Lectures 09:00

Before starting any company, it's important to establish whether your idea is even viable. In this video we look at the steps you can take to ensure your business idea is viable and even how you can build up a prospective customer list whilst doing so!

Is Your Business Idea Viable?
02:46

When you have decided to start a company, one of the first decisions you'll need to make is whether to start as a sole trader, or take the plunge and set up a limited company. This video looks at the pros and cons of both approaches so you can ensure you choose the correct one for you.

Sole Trader Vs Limited Company
02:29

If you have decided to start a UK limited company, you'll have a decision to make as to what kind of company you set up. This means choosing between public and private limited companies, here we look at the options available any the reasons for choosing each type.

Types of Limited Company
03:45
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The Formation Process
4 Lectures 34:34

Registering a UK company means providing a certain certain of documents and details about the business. This video looks at the requirements for forming a UK limited company so you know exactly what details you'll need to provide and how they effect your business.

Requirements of a Limited Company
03:13

The choice of your company name is very important (although as you'll see, perhaps not as important as you first thought!) and there are a number of requirements that must be met. In this lecture we explore how to choose a good company name that will be acceptable when you come to register it.

Choosing a Company Name
04:16

One of the most important parts of a company are it's shareholders - after all, they are the parties that will invest in the business and receive a share of any profits it makes. Getting the shareholder structure right and issuing the correct number and value of shares is therefore critical. By the end of this lecture, you'll understand the best way you can structure your company.

Assigning Shares in a Limited Company
04:28

Now you should be ready to go ahead and form your company, getting it registered with Companies House and a company registration number issued. This is the step that makes your business a reality but it's surprisingly simple. Taking you through the entire formation process, you'll see just how easy it is to get your UK company started and how the application could take as little as 4 minutes.

You can start the process by visiting: http://www.setupacompany.co.uk

The Limited Company Formation Process
22:37
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After You Have Formed Your Limited Company
4 Lectures 18:36

Once your limited company has been formed, you'll need to ensure you are keeping a record of all of it's transactions so that the necessary accounts can be prepared when needed. Here we will explore the use of business bank accounts and how you can implement a basic bookkeeping system to keep a track of all the businesses income and expenditure.

Limited Company Bank Accounts & Bookkeeping
04:27

As a trading limited company in the UK there are a number of additional things you may need to register for, many of which are controlled by HM Revenue & Customs (HMRC). In this video we will look at some of the common things new companies often need to register for so you can get the legal work out the way.

Registering with HMRC
06:41

When the company itself may be limited liability, this does not mean directors can behave however they wish. All company directors have a number of legal responsibilities they must meet when overseeing a business. This video looks at the minimum requirements as director has to ensure they are performing their role within the confines of the law.

Responsibilities of Limited Company Directors
03:58

There are two main annual filing requirements for UK limited companies that will ensure the business complies with its requirements to maintain its listing on the company register. This video explains what these two are and how one of them can be completed in just a few minutes.

Annual Filing Requirements of Limited Companies
03:30
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Summary
1 Lecture 03:43

By now you should understand the company formation process and the requirements that all UK limited companies must meet. You should feel confident about whether your idea is a good one or not. Summarizing the entire course, this short video will remind you of all of the key learning points of the 'How To Start A UK Limited Company' course.

If you have yet to create your company, you can do so here: http://www.setupacompany.co.uk

Summary
03:43
About the Instructor
Paul Bryant
3.9 Average rating
62 Reviews
3,865 Students
2 Courses
Conversion Rate Expert

Paul Bryant started as an affiliate manager for a major UK affiliate network back in 2006. He quickly gained a reputation as something of an expert on conversion rate optimisation and helped to drive the sales of both merchants and affiliates alike.

In 2009, Paul's success had led him to establish a network of his own affiliate-based websites and he took the plunge as a full-time super affiliate.

His earnings continued to grow and he added various merchant websites to his portfolio, including sites in the pet, sports and teeth whitening niches.

He has helped numerous businesses achieve increased sales and growth through his conversion rate consultations and has been a guest speaker at the last 4 annual conferences run by MoreNiche.com and Twist Digital.