Family trusts can vary, but they are typically set up by a family member to hold funds in trust for young children, or to protect their assets eg family home, where a family member will become the beneficiary.
For this purpose, your company should normally be limited by guarantee. You shall set out the objects of your company in your articles of association and should reflect the purpose of the trust. A Family Trust is not normally set up as an unincorporated body.
You must provide a copy of your articles or governance document to Companies House.
Company name availability check
You can use the Company name availability checker to check if your proposed company name is still available for registration.
How to register a company?
Concise Accountants provide company formation services. Our accountants will handle the incorporation of your limited company from start to finish. We will also advise you whether your supporting evidence is sufficient to support the use of Family Trust in your company or business name.
Universally, your company’s registered office must be a real address. Companies House would not accept P O Box numbers as your registered office address.
Maintain your limited company
You would have to submit a few documents with the UK Authorities every year.
Firstly, at every anniversary of your company, you are required to prepare and submit your confirmation statement with Companies House. The confirmation statement is a snapshot of information about your company shares structure, directors, shareholders and registered office.
On the same note, you must also inform Companies House if your company details changed. For example, you appoint a new director or your registered office address has changed.
Additionally, you must submit your company accounts to Companies House and HM Revenue and Customs (HMRC). For HMRC, you must include your corporation tax return together with your company accounts.
Other sensitive or reserved words
Click here for other sensitive words that require you to obtain a consent to use in your company or business name in the United Kingdom.