Professional Incorporations
A fast and efficient incorporation service that maintains the specialist and expert advice that Elemental CoSec is renowned for
Key features
1. Tailored advice
From advice on the form of entity to the structure and documentation surrounding the new entity, we will guide you through the entire process with the professionalism and skill that you would expect from experts in the field.
2. Use of Elemental's articles of association
We have developed a precedent set of articles of association that is based on our years of corporate and company secretarial experience. Use of these articles is included free of charge when you incorporate a company with us.
3. Drafting of bespoke articles of association or partnership agreement
The articles of association and partnership agreement are the governing documents for an entity and, where there are multiple shareholders, a standard document is often not suitable. We can draft a set of bespoke documents tailored to your specific situation.
4. Full documentation
We provide the full suite of documentation relating to the incorporation. This includes the constitutional documentation, certificate of incorporation, share certificates and initial statutory registers.
5. Seamless integration with our annual compliance service
For those clients that choose to make use of our annual compliance service, the details of your entity will seamlessly transfers over to our state of the art company secretarial software; ensuring that your records are always up-to-date.
6. Full range of corporate vehicles
We incorporate all types of English companies and partnership. Please see below for the full list of vehicles as well as a brief description of their key features.
Available incorporations (please click below to see more detail):
Private limited company (ltd)
This is the most common form of corporate vehicle in the UK and it is generally the preferred option for most trading businesses. The company can be incorporated using the Company Model Articles or using Elemental Cosec’s own standard articles free of charge. Please see the articles of association page for more details.
Public limited company (plc)
A public limited company is a company that has the ability to offer its shares to the public. However, PLCs often choose not to do this and they can be owned privately by just a few shareholders. In these instances, it is generally felt that it adds to the prestige and image of the company. There are various restrictions that apply to a PLC that don’t apply to a private limited company including that:
- it must have £50,000 of allotted shares (£12,500 of which must be paid up);
- it cannot dispense with AGMs; and
- it must have a formal company secretary.
Unlimited companies
Not a common form for a trading company as the liability of the members is unlimited but it is sometimes used in structures for tax planning or where confidentiality is key.
Companies limited by guarantee
Companies limited by guarantee are often suitable for non-trading or not-for-profit activities such as clubs, societies, trade associations, scientific or research or educational institutions. They are also often used as the vehicle for charitable companies.
Limited liability partnership (LLP)
Limited liability partnership combine the benefits of corporate status (i.e. having a legal personality separate from its members) and unlimited capacity with the protection of limited liability for members and the ability to operate and have the same tax status as a traditional partnership.
In addition, LLP are under no obligation to file a constitution at Companies House, and therefore their profit-sharing arrangements, decision-making structure, exit provisions and other internal rules remain private between the members.
LLP are popular with professional practices such as lawyers, accountants and surveyors, but are also used in other circumstances where their flexibility or special tax status may be more advantageous than a traditional limited company.
