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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Пікірлер: 75
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?
1st Formations are absolute professionals in the field!
@1stformations
9 ай бұрын
Thank you for your kind comment. Do you have a limited company through us?
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?
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?
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
9 ай бұрын
Fantastic. What does your company do for a living?
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?
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?
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?
Great video! Wanted to know how dormant company works.
@1stformations
8 ай бұрын
Glad we could help. Do you have your own limited company?
Adding this to my favourites folder! Very useful and easy to understand.
@1stformations
9 ай бұрын
Thanks! Have you checked out any of my other videos?
@elenakrzymuski
9 ай бұрын
@@1stformations Limited company or sole trader? was useful to watch! Thank you for asking.
Thank you so much 1stformations ❤
@1stformations
8 ай бұрын
Our pleasure. Have you checked out any of our other videos?
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?
Thanks for this! Super useful
@1stformations
8 ай бұрын
No problem. Have you checked out any of our other videos?
Thanks for this information 😊
@1stformations
8 ай бұрын
No worries. Have you checked out any of our other videos?
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?
Very useful, thank you !
@1stformations
8 ай бұрын
Many thanks. Have you checked out any of our other videos?
Thank you, it was a useful video👍🏻
@1stformations
8 ай бұрын
Thank you. Have you checked out any of our other videos?
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?
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?
Great video - thanks
@1stformations
8 ай бұрын
Thanks John. What does your limited company do for a living?
Good and useful information.
@1stformations
8 ай бұрын
Many thanks. Have you checked out any of our other videos?
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?
The good information😇
@1stformations
8 ай бұрын
Thank you. Have you checked out any of our other videos?
Thanks
@1stformations
8 ай бұрын
Thank you. Have you checked out any of our other videos?
Thank! 👍
@1stformations
8 ай бұрын
No worries. Do you have your own limited company?
amazing
@1stformations
8 ай бұрын
Thanks. Do you have a limited company of your own?
Can you approach wholesalers with a dormant company?
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.
Greaat!
@1stformations
8 ай бұрын
Our pleasure. What does your company do for a living, if you have one?
Thanks for all these clarifications
@1stformations
8 ай бұрын
No problem. Have you got your own limited company?
❤❤❤
@1stformations
8 ай бұрын
Many thanks for the love. Do you have your own limited company?
❤❤
@1stformations
9 ай бұрын
Thanks. Have you checked out any of our other videos?
❤
@1stformations
8 ай бұрын
Thanks for the love. Have you checked out any of our other videos?
*****
@1stformations
8 ай бұрын
Only 3 stars?
Une chaîne en français serait un atout pour les francophones 😢. Je suis plus que sûr de l'importance du contenu.