It is critical to have a registered office address when starting a new firm. In reality, having a registered office address when registering your company is required in many nations. The location of your company’s day-to-day operations is referred to as its business address.
A registered office address, on the other hand, is the formal location to which legal correspondence from the government and other parties is delivered.
Your company’s seal, statutory paperwork, and register should all be kept at a registered office address. If you decide to keep them elsewhere, you must notify Companies House.
Section 86 of the Companies Act 2006 requires a registered office address when registering a new firm in the UK. Companies House, HMRC, and other agencies will send communications, reminders, and notices to this address.
The conventional expectation is that any official mail submitted to the registered office address would be received by your company. In fact, as the firm owner, it is your job to ensure that you obtain the documentation.
Online service providers can always supply you with a registered office address. It is, however, recommended that you deal with business specialists in the UK, such as FBS Accountants.
Many business owners want to have their registered office location in London. This is due to the fact that it allows a corporation to establish itself in England’s capital. Whether you are thinking about quarterly or annual subscriptions, the address must be acceptable to both HMRC and Companies House.
A registered office address, in addition to completing legal requirements, gives your firm the appearance of being larger than it is. This aids in making a favourable impression on clients.
A registered office address also aids in the separation of your commercial and personal affairs. If you choose a virtual registered office address, you must complete your research thoroughly. Consider comparing bundles from various service providers.
Benefits of Registering Your Business as an LLC
If you are establishing a new business, whether locally or internationally, you need register it. Previously, creating a new company in the UK was expensive and time-consuming. Now, forming a new company in the UK is less expensive, simpler, and faster.
As a startup owner, you have the option of forming a single proprietorship, partnership, limited liability company, or corporation. An LLC combines the best aspects of a single proprietorship, a partnership, and a corporation. Do you want to know how? The following are the advantages of incorporating your company as an LLC:
Limited personal liability- A lone proprietor or the partners in a partnership are legally liable for the debts and losses of the business. You are personally liable for corporate acts, placing personal assets, such as your home and car, at risk. An LLC, on the other hand, safeguards your personal assets and finances.
Tax advantage- An LLC does not pay its own taxes. The owner of an LLC, like a sole proprietor, pays taxes on a personal income tax return. Furthermore, you are eligible for a variety of tax breaks, including repairs and maintenance, advertising, and training.
Enhanced business reputation- Limited corporations, as opposed to sole proprietorships, have a better chance of obtaining investors, engaging in B2B agreements, and creating customer trust.
FBS Accountants has assisted several entrepreneurs in registering as limited corporations in the United Kingdom. Our seasoned business consultants will assist you in completing the entire online registration process. Are you planning to register your company? To begin, contact our low-cost accountants in London. In addition to business registration, we also provide online accounting, payroll, and business consulting services.
For more information about how FBS Accountants can help your business, get in contact with us today call: 0204 526 5195 or drop us a line hello@finchleybusiness.co.uk
