Hadden Business Solutions

Setting up your limited company – we break it down into easy stages

A limited company is a legal entity, so there’s inevitably a lot of paperwork to complete. However, we divide it up into manageable stages and help you every step of the way – with us alongside you it’s surprisingly quick and easy.

Stage 1: Application

Give us your choices of company name (1st, 2nd & 3rd in case any are already taken) for checking with Companies House
Complete our New Client Details Form with your personal information
Sign our Letter of Engagement so we can begin working on your behalf
Send us some form of certified personal identification - a copy of your passport photo page is sufficient. Click here to download our list of acceptable forms of certified ID
Send us a copy of a utility bill from the last 3 months showing your name and address
Complete a standing order form and send it to us (if your business bank account is still being set up you can send those details later)

Stage 2: Setting up a business bank account

You can do this with any bank you choose. The account must be in the exact name of the company that has been registered with Companies House. We work with Barclays and Cater Allen Private Bank to make the process swift and easy.
If you would like to set your account up with Barclays, we will arrange for Barclays to give you a call to arrange an appointment with your local Barclays Business Manager. Click here for more information about Barclays Business accounts.
If you would like to set your account up with Cater Allen Private Bank please click here to download the application form or click here to download the Cater Allen fact sheet.

You’ll need to give us your authority to access your online business bank account. We’ll send you a template that we can then forward to your bank on your behalf to arrange this.

Stage 3: VAT

We’ll provide you with an Annual FRS (Flat Rate Scheme) VAT application to sign and return to us to ensure your company is registered for VAT correctly.

Stage 4: Pre-trading

Before you start working through your limited company there are just a couple of other things we need to make sure everything runs smoothly:

A completed IR35 questionnaire returned to us, along with a copy of your contract from your recruitment agency or client as soon as it's available. This will enable us to assess whether you will be deemed 'employed' or 'self-employed' by HMRC and therefore eligible for dividends via your limited company
If you are leaving normal employment we'll need a copy of your P45, just parts 2 & 3
Copies of your HMRC authorisation codes for PAYE, VAT and Corporation tax (when you receive them)

If you already have a Limited Company we require some additional documentation: