Welcome to EAC Business Services
Eac Business Services specialise in Limited Company formation online. Company registration within the United Kingdom (Scotland, Wales, Northern Ireland) Republic
of Ireland and many Offshore jurisdictions. e.g. Gibraltar, Nevis,
Bahamas, British Virgin Isles, Belize & Delaware.
We are a leading company formation agent that provides UK, European and offshore company formation services.
Online company formation of Limited Companies within 3 hours. (Immediately Dispatched Internationally)
Includes payment of all Government Fees
The company formation of Offshore companies in a few days.
We also practice company formation / registration with German, Dutch, Bulgarian, Spanish and Danish
Limited Companies.
Full Company Secretarial Services including acting as Company Secretary,
Nominee Shareholder and Nominee Director.
Guaranteed Business Banking Services in the UK, Ireland, Spain,
Delaware and many more Offshore Jurisdictions providing all Due Diligence is met.
Bank Accounts what include
a Debit Card with cheque book and FREE banking. Business bank account opened with Barclays, Hsbc, Royal Bank of Scotland, Nat West etc. Apply for a bank account online today!
We can arrange Business Asset Finance for acquiring company vehicles or plant machinery.
Provision of a Registered Office and Business service address.
Readymade Companies, Same Day company formation, Limited by Guarantee & Charity
Formations. Forming a company in the UK.
Registering a company for VAT & VAT Management.
Book-keeping and Accounting Service from only £49 per month
including Monthly Book keeping Payroll, PAYE, VAT Returns, Year
end accounts, Tax Returns and Company Annual Returns.
Notary services, Patents, Trademarks and Copyrights in the UK and overseas.
Also we can provide website, domain and hosting services designed around your requirements.
What is a Limited liability Company?
There are essentially three legal or accounting structures recognised for starting a business. You can go it alone by being a sole trader, team up to form a partnership or operate a limited company. Choosing the right one is important.
What is a limited company formation?
There are four types of limited company formation.
- Private company limited by shares - this type of company has a share capital and the liability of each member is limited to the amount unpaid on shares that a member holds. A private company cannot offer its shares for sale to the general public. You can set up this type of company using our Online company formation service.
- Private company limited by guarantee - in this type of company, members do not make any contribution to the capital during its lifetime as they do not purchase shares. The members' liability is limited to the amount that they each agree to contribute to the company's assets if it is wound up. You can set up this type of company using our Online company formation service.
- Private unlimited company - this type of company may or may not have a share capital and there is no limit to the members' liability. Because there is no limitation on members' liability, the company has to disclose less information than other types of company.
- Public limited company - this type of company has a share capital and, the liability of each member is limited to the amount unpaid on shares that a member holds. A public limited company may offer its shares for sale to the general public and may also be quoted on the stock exchange.
The term limited refers to limited liability and there are around 1.5 million in the UK. If you're a sole trader or partner, you can be held personally liable for it – outstanding debts can be met from your personal assets.
A limited company, however, is a separate legal entity and can own property, incur debts, sue and be sued. Any business dealings are made on behalf of the company, rather than you. Its owners are liable only for the amount invested.
What are the advantages of a company formation?
One of the primary advantages of a company formation is the limited liability the corporate entity affords its shareholders. Typically, shareholders and directors are not liable for the debts and obligations of the corporation; thus, creditors will not come knocking at the door of a shareholder or director to pay debts of the corporation. In a partnership or sole proprietorship the owner's personal assets may be used to pay debts of the business. Maintaining the limited liability of a corporation requires that the shareholders and directors follow all the rules of governance, including holding annual meetings and maintaining meeting minutes, which is why we offer corporate advice as part of our complete incorporation package.
How do you set it up?
If you want to trade as a private limited company there are four things you need; a new company name, a UK address, an officer and shareholder for the company, then completing our Online Company Formation Service. The registered office is somewhere to keep official documentation, and to receive official correspondence.
Memorandum of Association
Part of the registration process involves stating the nature of your new company formation. This is done in a Memorandum and Articles of Association. The Memorandum describes what your company is and does, by outlining the following:
Company name: There are restrictions on some sensitive words and in some cases extra information will have to be provided. It must finish with the word limited but not have it elsewhere. Also, it must not be offensive or imply criminal activity and cannot have been registered by anyone else.
Registered office: This is the domicile where your companies registered office is located.
Objects of the company: Here is where you describe what your company does. You must limit your business activities accordingly, so make it a wide statement, such as “general commercial trading company”.
Officers: You must have at least one director to make sure all the rules are followed and official records maintained.
Limiting the liability of the member shareholders: This means each owner of the company has to contribute no more than the value of their shares.
Share capital. You must state the amount of capital in the company and how it is divided.
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