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Checklist - Starting a limited company

There are a lot of decisions you need to make as you begin the process of starting a limited company. Our checklist will give you some pointers.

Here's a list of questions to ask yourself when starting a limited company for property investment. 

Choosing a company name

⃞ Is it fewer than 160 characters including spaces and name endings
⃞ Does it contain any restricted, offensive or sensitive words
⃞ Is the name already registered at Companies House. Use their handy company name checker to find out.
⃞ Does it contain words that when translated to another language may cause offence
⃞ Does it only use permitted characters
⃞ Is it sufficiently different to other company names and trademarks
⃞ Has the name previously been used by a company that is in liquidation
⃞ Is your preferred domain name available, even if just for company email addresses
⃞ Does an internet search reveal anything you don’t want to be associated with
⃞ Are social accounts available for your company name? e.g. Facebook, Twitter, LinkedIn

Directors and shareholders

⃞ Have you decided who will be the company directors
⃞ Are all company directors aware of their duties and role within the company
⃞ Have you identified all the shareholders and discussed the structure of the company with them
⃞ Have you determined how many shares each shareholder will be issued?

Privacy

⃞ Do you have a dedicated business phone number (either mobile or landline)
⃞ Have you identified a specific email address for your business?

Banking

⃞ Have you researched business bank accounts for their fees, interest rates and access to online services
⃞ Have you checked they support Open Banking (to connect to Provestor for automatic import of your transactions)
⃞ Have you decided on what accounts you need, for example: savings accounts, credit cards, PayPal accounts, etc.?

Insurances

⃞ Have you researched what landlord insurances you need
⃞ Do you need employers’ liability insurance (are you employing anyone)
⃞ Do you need any lifestyle insurance, for example life insurance or income protection?