Checklist - Starting a limited company
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?
⃞ 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 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?
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Choosing a company name
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