How to set up a dormant company

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
    @user-ug1ow9mp8w9 ай бұрын

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

  • @1stformations

    @1stformations

    8 ай бұрын

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

  • @doctoryoussuf
    @doctoryoussuf9 ай бұрын

    1st Formations are absolute professionals in the field!

  • @1stformations

    @1stformations

    9 ай бұрын

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

  • @callix6753
    @callix67539 ай бұрын

    Finally explaining dormant status for company

  • @1stformations

    @1stformations

    8 ай бұрын

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

  • @umiterikli7756
    @umiterikli77569 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

    @1stformations

    8 ай бұрын

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

  • @rahimstika9332
    @rahimstika93329 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

    @1stformations

    9 ай бұрын

    Fantastic. What does your company do for a living?

  • @mcTata
    @mcTata9 ай бұрын

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

  • @1stformations

    @1stformations

    8 ай бұрын

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

  • @davidbrindley6850
    @davidbrindley68508 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

    @1stformations

    8 ай бұрын

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

  • @sheridvanrooyen
    @sheridvanrooyen9 ай бұрын

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

  • @1stformations

    @1stformations

    8 ай бұрын

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

  • @cavln4353
    @cavln43539 ай бұрын

    Great video! Wanted to know how dormant company works.

  • @1stformations

    @1stformations

    8 ай бұрын

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

  • @elenakrzymuski
    @elenakrzymuski9 ай бұрын

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

  • @1stformations

    @1stformations

    9 ай бұрын

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

  • @elenakrzymuski

    @elenakrzymuski

    9 ай бұрын

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

  • @user-uf7xn6lz8e
    @user-uf7xn6lz8e9 ай бұрын

    Thank you so much 1stformations ❤

  • @1stformations

    @1stformations

    8 ай бұрын

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

  • @manuecom
    @manuecom9 ай бұрын

    Great video! Thanks for the info

  • @1stformations

    @1stformations

    8 ай бұрын

    Our pleasure. Do you have your own limited company?

  • @manuecom

    @manuecom

    8 ай бұрын

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

  • @1stformations

    @1stformations

    8 ай бұрын

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

  • @jdt4551
    @jdt45519 ай бұрын

    Thanks for this! Super useful

  • @1stformations

    @1stformations

    8 ай бұрын

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

  • @mexxmoufakkir491
    @mexxmoufakkir4919 ай бұрын

    Thanks for this information 😊

  • @1stformations

    @1stformations

    8 ай бұрын

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

  • @denizbaydeniz
    @denizbaydeniz9 ай бұрын

    Thank you very much for your valuable information.

  • @1stformations

    @1stformations

    8 ай бұрын

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

  • @denizbaydeniz

    @denizbaydeniz

    8 ай бұрын

    @@1stformations yes I have a LTD company

  • @1stformations

    @1stformations

    8 ай бұрын

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

  • @claudiasocratous9189
    @claudiasocratous91899 ай бұрын

    Very useful, thank you !

  • @1stformations

    @1stformations

    8 ай бұрын

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

  • @secrettuva6978
    @secrettuva69789 ай бұрын

    Thank you, it was a useful video👍🏻

  • @1stformations

    @1stformations

    8 ай бұрын

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

  • @user-nl4mo6ly2p
    @user-nl4mo6ly2p9 ай бұрын

    Thank you easy to understand

  • @1stformations

    @1stformations

    8 ай бұрын

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

  • @Magic_lab_3D
    @Magic_lab_3D9 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

    @1stformations

    8 ай бұрын

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

  • @johncarpenter8651
    @johncarpenter86519 ай бұрын

    Great video - thanks

  • @1stformations

    @1stformations

    8 ай бұрын

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

  • @merouanebaki9295
    @merouanebaki92959 ай бұрын

    Good and useful information.

  • @1stformations

    @1stformations

    8 ай бұрын

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

  • @Pets-Claws
    @Pets-Claws9 ай бұрын

    Thanks for this information

  • @1stformations

    @1stformations

    8 ай бұрын

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

  • @Pets-Claws

    @Pets-Claws

    8 ай бұрын

    @@1stformations i founded my company through you

  • @1stformations

    @1stformations

    8 ай бұрын

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

  • @tbtwltd
    @tbtwltd9 ай бұрын

    The good information😇

  • @1stformations

    @1stformations

    8 ай бұрын

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

  • @WHYNOT-yx8rj
    @WHYNOT-yx8rj9 ай бұрын

    Thanks

  • @1stformations

    @1stformations

    8 ай бұрын

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

  • @1k1online25
    @1k1online259 ай бұрын

    Thank! 👍

  • @1stformations

    @1stformations

    8 ай бұрын

    No worries. Do you have your own limited company?

  • @childsplay369
    @childsplay3699 ай бұрын

    amazing

  • @1stformations

    @1stformations

    8 ай бұрын

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

  • @20129010927831
    @201290109278317 ай бұрын

    Can you approach wholesalers with a dormant company?

  • @krdoplop2251
    @krdoplop22518 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

    @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.

  • @user-fr5ws9kb6c
    @user-fr5ws9kb6c9 ай бұрын

    Greaat!

  • @1stformations

    @1stformations

    8 ай бұрын

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

  • @user-ev6ct3ip7m
    @user-ev6ct3ip7m9 ай бұрын

    Thanks for all these clarifications

  • @1stformations

    @1stformations

    8 ай бұрын

    No problem. Have you got your own limited company?

  • @msSIMO
    @msSIMO9 ай бұрын

    ❤❤❤

  • @1stformations

    @1stformations

    8 ай бұрын

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

  • @Yassineabde91
    @Yassineabde919 ай бұрын

    ❤❤

  • @1stformations

    @1stformations

    9 ай бұрын

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

  • @newtvAB
    @newtvAB9 ай бұрын

  • @1stformations

    @1stformations

    8 ай бұрын

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

  • @user-ur5pm2lm2t
    @user-ur5pm2lm2t9 ай бұрын

    *****

  • @1stformations

    @1stformations

    8 ай бұрын

    Only 3 stars?

  • @blackyrislo
    @blackyrislo8 ай бұрын

    Une chaîne en français serait un atout pour les francophones 😢. Je suis plus que sûr de l'importance du contenu.

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