Introduction

This series of blog posts details the steps to form my company and has the objective of providing practical guidance to others thinking of establishing their own company in the UK.  I have done this myself but have consulted widely with others along the way.  I have been both surprised and alarmed at different stages of the process and by relaying my experiences hope that you will be better prepared than me.  When you understand what is involved you might have a go yourself or you might feel that the fees of a professional who specialises in this area to be money well spent.  I am interested to hear how others have fared and any suggestions for improvement.

It is worth summarising the reasons for establishing a company.  Once established a company is a separate legal person, it has its own assets and liabilities.  The liability of the owners is limited to the amount of share capital they commit to put in.  This can be very useful for businesses that are seeking to raise capital from investors who will not be actively involved in the management of the company.  It can also help define the relationship with the company’s customers.  This later reason is why I formed a company to provide consulting services – it helps to ensure that I am not treated as an employee of my customers.