Private limited company

[sherrardk]

In reality, how long does it actually take to become a private limited company and what are the minimum number of shareholders needed? Thanks

[ummmm]

Not long...

2 share holders I think! and a company secretary.

[sherrardk]

Hi Ummmm - could the company secretary be one if the shareholders?

[Skyline D]

You can set up a Limited Company in about 5 minutes over the internet if you know what you are doing.

The minimum number of shareholders is ONE. And indeed most newly formed companies only have one share initially unless they choose to issue more.

Since October 2009 companies haven't needed a Company Secretary, though they can have one if they so wish. And a Company Secretary can indeed be a shareholder. They can also be the same person as a sole director now though again that's only since October 2009.

[ummmm]

Go with Skyline. I haven't been in business for quite a few years now.

[sherrardk]

Hi both - thanks for the replies. Any idea of the cost involved? Thanks again.

[Buenchico]

General information from Companies House:
http://www.companiesh....uk/about/pdf/gp1.pdf

Typical costs here
https://www.incorpora...c-_5KQCFQz-2Aod8xuNMQ
and here
http://www.companiesm...tion-name-search.html

Chris