Incorporation of Dormant Ltd Company

dreamypuma

I'm currently considering the incorporation of a Ltd company with Companies House. For the immediate future the company will not be trading.

I understand that both Companies House, and HMRC's definitions of "Dormant" varies. I believe having a company asset would be viewed by the HMRC as the company being active.

During the dormant period I plan to set the foundations for my company, such as network and pull together a web presence, design marketing material. Would this type of activity be viewed as my company being active?

All my preliminary activities would be funded by myself and not my company.

Any advise would be appreciated.

Brassedoff

dreamypuma wrote: »

I'm currently considering the incorporation of a Ltd company with Companies House. For the immediate future the company will not be trading.

I understand that both Companies House, and HMRC's definitions of "Dormant" varies. I believe having a company asset would be viewed by the HMRC as the company being active.

During the dormant period I plan to set the foundations for my company, such as network and pull together a web presence, design marketing material. Would this type of activity be viewed as my company being active?

All my preliminary activities would be funded by myself and not my company.

Any advise would be appreciated.

Incorporate your company.

If you are funding the business from your own pocket, then you will need to ensure you keep all your receipts as what you spend on behalf of the business will sit in your directors loan account.

Your business will be trading, but in the most simplest of forms. I assume you need to incorporate on the basis of collecting IP or assets?

You just need to ensure you are keeping the correct records, that's all.