Limited company formation checklist

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?
  • Do you need to trademark the name?

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

  • Have you decided on your registered office address?
  • Do you have a dedicated business phone number (either mobile or landline)?
  • Have you identified a specific email address for your business?
  • Have you checked if you need to register for data protection?

Banking

  • Have you researched business bank account 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 determined what level of professional indemnity insurance you require to meet the obligations of your contracts?
  • Do you need employers’ liability insurance?
  • Do you need public liability insurance?
  • Have you determined what lifestyle insurance you need, for example life insurance or income protection?
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