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

[@user-ug1ow9mp8w]

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

[@1stformations]

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

[@doctoryoussuf]

1st Formations are absolute professionals in the field!

[@1stformations]

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

[@callix6753]

Finally explaining dormant status for company

[@1stformations]

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

[@cavln4353]

Great video! Wanted to know how dormant company works.

[@1stformations]

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

[@sheridvanrooyen]

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

[@1stformations]

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

[@mcTata]

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

[@1stformations]

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

[@user-uf7xn6lz8e]

Thank you so much 1stformations ❤

[@1stformations]

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

[@rahimstika9332]

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]

Fantastic. What does your company do for a living?

[@davidbrindley6850]

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

[@1stformations]

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

[@Magic_lab_3D]

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]

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

[@claudiasocratous9189]

Very useful, thank you !

[@1stformations]

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

[@elenakrzymuski]

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

[@1stformations]

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

[@elenakrzymuski]

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

[@umiterikli7756]

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]

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

[@manuecom]

Great video! Thanks for the info

[@1stformations]

Our pleasure. Do you have your own limited company?

[@manuecom]

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

[@1stformations]

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

[@merouanebaki9295]

Good and useful information.

[@1stformations]

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

[@mexxmoufakkir491]

Thanks for this information 😊

[@1stformations]

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

[@jdt4551]

Thanks for this! Super useful

[@1stformations]

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

[@user-nl4mo6ly2p]

Thank you easy to understand

[@1stformations]

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

[@secrettuva6978]

Thank you, it was a useful video👍🏻

[@1stformations]

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

[@denizbaydeniz]

Thank you very much for your valuable information.

[@1stformations]

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

[@denizbaydeniz]

@@1stformations yes I have a LTD company

[@1stformations]

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

[@johncarpenter8651]

Great video - thanks

[@1stformations]

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

[@tbtwltd]

The good information😇

[@1stformations]

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

[@Pets-Claws]

Thanks for this information

[@1stformations]

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

[@Pets-Claws]

@@1stformations i founded my company through you

[@1stformations]

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

[@user-ev6ct3ip7m]

Thanks for all these clarifications

[@1stformations]

No problem. Have you got your own limited company?

[@WHYNOT-yx8rj]

Thanks

[@1stformations]

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

[@1k1online25]

Thank! 👍

[@1stformations]

No worries. Do you have your own limited company?

[@childsplay369]

amazing

[@1stformations]

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

[@user-fr5ws9kb6c]

Greaat!

[@1stformations]

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

[@20129010927831]

Can you approach wholesalers with a dormant company?

[@msSIMO]

❤❤❤

[@1stformations]

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

[@catprod8962]

❤❤

[@1stformations]

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

[@newtvAB]

❤

[@1stformations]

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

[@krdoplop2251]

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]

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-ur5pm2lm2t]

*****

[@1stformations]

Only 3 stars?

[@blackyrislo]

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