| UKCORPORATOR'S STANDARD COMPANY CONFIGURATIONS |
| | General comments | UKcorporator is able to generate the necessary documents for all company types (i.e. private companies limited by shares or by guarantee or unlimited with or without a share capital, as well as public companies) and caters for a very wide range of possible configurations (e.g. multiple share classes, multiple currencies, any amount of share capital, partly paid shares, multiple directors etc). However, in order to save time for people wishing to form a straightforward private company, two standard configurations are offered. UKcorporator's interview process will be significantly shorter and simpler if you elect to use one of UKcorporator's standard company configurations. It is therefore strongly recommended that you use one of the standard configurations (unless of course you reach the view that neither of the standard configurations suits your circumstances).
| | 'One director' standard company configuration | UKcorporator's 'one director' standard company configuration is as follows (further explanations of each point are given at the bottom of this guidance):
|
| Private company limited by shares. |
| One member/shareholder/owner also being the sole director. |
| One company secretary (being a different person or entity from the director, as required by law). |
| Authorised/nominal capital of ten million £1 ordinary shares. |
| Issued capital of one £1 ordinary share (fully paid). |
| General commercial company objects/powers (suitable for virtually any enterprise) in the memorandum of association. |
| 'Table A' based articles of association with 'common enhancements' (generally suitable for most circumstances). |
| No shares held on trust i.e. all shares held beneficially/absolutely by shareholders (and consequently no trust deed produced by UKcorporator). |
| 'Limited' as the 'name ending' i.e. the last word of the company name. |
This configuration is likely to suit, for example, an individual wishing to provide his or her contract/consultancy services via a company, or wishing to operate any kind of small business via a company or wishing to hold investments via a company. Further information is available by clicking on the guidance buttons below.
| | 'Two director' standard company configuration | UKcorporator's 'two director' standard company configuration is as follows (further explanations of each point are given at the bottom of this guidance):
|
| Private company limited by shares. |
| Two members/shareholders/owners. |
| Two directors, being the same two persons (or entities) as the members/shareholders/owners. |
| One company secretary (may be one of the directors, but need not be). |
| Authorised capital of ten million £1 ordinary shares. |
| Issued capital of two £1 ordinary shares (fully paid - one share to each member/shareholder/owner). |
| 'Table A' based articles of association with 'common enhancements' (generally suitable for most circumstances). |
| General commercial company objects/powers (suitable for virtually any enterprise) in the memorandum of association. |
| No shares held on trust i.e. all shares held beneficially/absolutely by shareholders (and consequently no trust deed produced by UKcorporator). |
| 'Limited' as the 'name ending' i.e. the last word of the company name. |
This configuration is likely to suit, for example, two people (possibly, but not necessarily, a husband and wife) wishing to provide contract/consultancy services via a company, or wishing to operate any kind of small business via a company or wishing to hold investments via a company. Further information is available by clicking on the links below.
| | Click below for further explanation of the above terms etc. (The information accessed via these guidance buttons is repeated later when each issue becomes relevant throughout the site. It is provided here merely to assist with your decision whether to use one of UKcorporator's standard company configurations.) |
|
|
|
