What is involved in the company formation process?

There are certain tasks to be completed when you first incorporate your company, and others when you are about to start working through your company.

Competex:

  • Company incorporation with Companies House via our third party formations partner
  • Corporation Tax registration with HMRC
  • Value Added Tax (VAT) registration with HMRC, if applicable. This cannot be done until you are about to start your first assignment, so it is important that you notify us when this happens
  • PAYE registration with HMRC. This cannot be done until you are about to pay yourself

You:

  • Setting up the company bank account
  • Arranging your business insurance
  • Getting your bookkeeping software set up and ready to start keeping accounting records.