Types of Companies
The standard trading company and by far the most usual type of company. It confers full limited liability on its members, must have at least one director and one shareholder. Check that you have all the required information and register on line now.
For companies that want to sell shares to the public. A PLC must have at least two directors, two shareholders and a company secretary. Its initial share capital must be at least £50,000 of which at least 25% must be paid up on incorporation. Before a PLC can conduct any business, it must make a return to Companies House stating that it has raised its minimum share capital and received from Companies House its trading certificate. Check that you have all the required information and register on line now.
Often set up where a property is divided into units, e.g. flats in a building, to manage the common parts and, often, the freehold of the property, the articles specify the property address and have special rules. Such a company may be limited by shares or limited by guarantee. Check that you have all the required information and register on line now.
Most companies limited by guarantee have specially drafted articles, a service provided by Community Companies. Alternatively, you can register such a company using our standard articles. We provide two alternative sets of articles:
- Company limited by guarantee that allows profits to be paid to its members and salaries and fees paid to its directors, and
- Company limited by guarantee that prohibits the payment of profits to members, requires any surplus assets on winding up to be given to charity and prohibits the payment of salaries or fees to its directors.
Community Companies provides a specialist service for this type of company
Charitable companies must have specially drafted articles, Community Companies provides a specialist service for this type of company.