Foundation

Foundation is a sensitive word. To use this word in your company name, your company should normally be limited by guarantee. It should have a pool of money, or a regular source of income to promote its objects. You will need to confirm this when you submit your application to Companies House.

A non-profit distribution clause should be included in your articles of association. The non-profit clause provides that any profits are used to further the objects of the company and not paid to the members as dividends.

In the case of your business name, your articles, constitution or relevant governance document should include similar clauses and you should provide a copy when you submit your application.

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. Concurrently, we will also advise you whether your supporting evidence is sufficient to support the use of Foundation in your company 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

After your company has been successfully incorporated. There are a few documents you must prepare and submit 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 on board and 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. Concise Accountants offers fixed fee accounts packages to limited companies to take care of your company accounts and corporation tax return. The packages are suitable for startup businesses and small companies. Feel free to contact our accountants to discuss.

Other sensitive or reserved words

Click here for other sensitive or reserved words that require you to obtain a consent to use in your company or business name in the United Kingdom.

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