How to register a company?

Registering a Company

Forming a company in the UK is super easy. As of 2024, it costs £50 to register a company and can be done fully online. 

Step 1: Decide who the directors are, how many shares you each initial shareholder will own and the company name. 

Step 2: When choosing the number of shares and the nominal value, I usually choose a total of £10 as the 'paid-in capital' with a nominal value of 0.00001.
This means that you can have 1 million shares to divide among all initial shareholders. To ensure the shares are ‘fully paid up,’ someone owning 10% of the company should transfer the company £1. 

Step 3: Usually, selecting the default articles of association from Companies House is sufficient to get things going. You will likely want to change these later on, but as a starting point to begin things like getting bank accounts, these should be enough.