How to set up a dormant company

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Күн бұрын

There are various reasons why you may wish to set up a dormant company. It might be to reserve a company name so that no one else can take it. Or perhaps you set up a company with an intention to trade, but that plan was put on the backburner for a later date.
Regardless of your reasons, in this video, we’ll take you through the steps required to incorporate a UK company, and then make it dormant.
Video: • What are dormant compa...
Chapters:
0:00 Intro
2:13 Step 1. Choose a company name
2:51 Step 2. Select a company formation package
3:44 Step 3. Checkout and pay
4:18 Step 4. Enter your company details
7:05 Step 5. Inform HMRC that your newly
8:29 Retaining your company’s dormant status
10:35 Dormant company accounts
11:31 Wrapping up
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#1stFormations #SmallBusiness #SmallBusinesses #BusinessAdvice #dormantcompany #companyformation #HMRC #corporationtax #ompanyincorporation #companieshouse #certificateofincorporation #dormantcompanyaccounts

Пікірлер: 75

@user-ug1ow9mp8w 8 ай бұрын

Thank you! Been with 1st formations for a year now. All good

@1stformations 8 ай бұрын

Fabulous! Have you been watching any of our other videos during your time with us?

@doctoryoussuf 8 ай бұрын

1st Formations are absolute professionals in the field!

@1stformations 8 ай бұрын

Thank you for your kind comment. Do you have a limited company through us?

@callix6753 8 ай бұрын

Finally explaining dormant status for company

@1stformations 8 ай бұрын

Glad we could clear that up for you. Are you looking to set up a dormant company?

@rahimstika9332 8 ай бұрын

The information you give is very helpful, as a beginner it helped me understand what's good for my company and what's not . Luckily you're here🙏🏻 .☘️

@1stformations 8 ай бұрын

Fantastic. What does your company do for a living?

@davidbrindley6850 8 ай бұрын

Useful information, I'm new to setting up a business and hadn't really given this consideration which maybe useful for my circumstances

@1stformations 8 ай бұрын

Thanks for your kind words. Do you have a limited company yet?

@cavln4353 8 ай бұрын

Great video! Wanted to know how dormant company works.

@1stformations 8 ай бұрын

Glad we could help. Do you have your own limited company?

@mcTata 8 ай бұрын

Thank you Nicolas & 1st Formations - this video was incredibly informative and provided a wealth of useful info 👍

@1stformations 8 ай бұрын

Our pleasure. Have you checked out any of our other videos?

@sheridvanrooyen 8 ай бұрын

Great video, and thank you for making the setup of my company a stress free experience.

@1stformations 8 ай бұрын

No problem. What is your limited company going to do for a living?

@user-uf7xn6lz8e 8 ай бұрын

Thank you so much 1stformations ❤

@1stformations 8 ай бұрын

Our pleasure. Have you checked out any of our other videos?

@claudiasocratous9189 8 ай бұрын

Very useful, thank you !

@1stformations 8 ай бұрын

Many thanks. Have you checked out any of our other videos?

@umiterikli7756 8 ай бұрын

i placed my company order last week, and within 2 business days, my company was opened and ready for use, and they sent all their documents by mail or by mail. They are a very successful team and company, and they do their job very easily..

@1stformations 8 ай бұрын

Thanks for your kind words. What is your company going to do for a living?

@mexxmoufakkir491 8 ай бұрын

Thanks for this information 😊

@1stformations 8 ай бұрын

No worries. Have you checked out any of our other videos?

@Magic_lab_3D 8 ай бұрын

This video is very informative and useful for those who are looking to set up their own company or already have a business in the UK. All the steps are clearly and structured and timed, making the process of setting up and running a company more understandable and manageable.

@1stformations 8 ай бұрын

Thanks for your kind words. Have you checked out any of our other videos?

@jdt4551 8 ай бұрын

Thanks for this! Super useful

@1stformations 8 ай бұрын

No problem. Have you checked out any of our other videos?

@johncarpenter8651 8 ай бұрын

Great video - thanks

@1stformations 8 ай бұрын

Thanks John. What does your limited company do for a living?

@user-nl4mo6ly2p 8 ай бұрын

Thank you easy to understand

@1stformations 8 ай бұрын

We're glad you find it clear to understand. Do you have your own dormant company?

@secrettuva6978 8 ай бұрын

Thank you, it was a useful video👍🏻

@1stformations 8 ай бұрын

Thank you. Have you checked out any of our other videos?

@elenakrzymuski 8 ай бұрын

Adding this to my favourites folder! Very useful and easy to understand.

@1stformations 8 ай бұрын

Thanks! Have you checked out any of my other videos?

@elenakrzymuski 8 ай бұрын

@@1stformations Limited company or sole trader? was useful to watch! Thank you for asking.

@manuecom 8 ай бұрын

Great video! Thanks for the info

@1stformations 8 ай бұрын

Our pleasure. Do you have your own limited company?

@manuecom 8 ай бұрын

@@1stformations Yes I do, thanks for asking!

@1stformations 8 ай бұрын

@@manuecom Great! What does your company do for a living?

@denizbaydeniz 8 ай бұрын

Thank you very much for your valuable information.

@1stformations 8 ай бұрын

No problem at all. Do you have your own limited company?

@denizbaydeniz 8 ай бұрын

@@1stformations yes I have a LTD company

@1stformations 8 ай бұрын

@@denizbaydeniz Great! What does it do for a living?

@merouanebaki9295 8 ай бұрын

Good and useful information.

@1stformations 8 ай бұрын

Many thanks. Have you checked out any of our other videos?

@tbtwltd 8 ай бұрын

The good information😇

@1stformations 8 ай бұрын

Thank you. Have you checked out any of our other videos?

@Pets-Claws 8 ай бұрын

Thanks for this information

@1stformations 8 ай бұрын

Many thanks. Are you thinking of setting up your own dormant company?

@Pets-Claws 8 ай бұрын

@@1stformations i founded my company through you

@1stformations 8 ай бұрын

@@Pets-ClawsFantastic. What does your company do for a living?

@1k1online25 8 ай бұрын

Thank! 👍

@1stformations 8 ай бұрын

No worries. Do you have your own limited company?

@childsplay369 8 ай бұрын

amazing

@1stformations 8 ай бұрын

Thanks. Do you have a limited company of your own?

@WHYNOT-yx8rj 8 ай бұрын

Thanks

@1stformations 8 ай бұрын

Thank you. Have you checked out any of our other videos?

@user-ev6ct3ip7m 8 ай бұрын

Thanks for all these clarifications

@1stformations 8 ай бұрын

No problem. Have you got your own limited company?

@user-fr5ws9kb6c 8 ай бұрын

Greaat!

@1stformations 8 ай бұрын

Our pleasure. What does your company do for a living, if you have one?

@20129010927831 6 ай бұрын

Can you approach wholesalers with a dormant company?

@msSIMO 8 ай бұрын

❤❤❤

@1stformations 8 ай бұрын

Many thanks for the love. Do you have your own limited company?

@Yassineabde91 8 ай бұрын

❤❤

@1stformations 8 ай бұрын

Thanks. Have you checked out any of our other videos?

@newtvAB 8 ай бұрын

❤

@1stformations 8 ай бұрын

Thanks for the love. Have you checked out any of our other videos?

@krdoplop2251 8 ай бұрын

I set up my private limited company in April 2023 but have never traded. Will I be penalized for not notifying HMRC within 3 months of registering my business?

@1stformations 8 ай бұрын

In the strictest terms, normally no. However, if you don't let HMRC know within 3 months then you may not be able to report the company as dormant to HMRC for that financial period. As a result, you will need to complete a corporation tax return which if not completed will result in the company being penalised.