Glossary of Terms
- Articles of Association
Often referred to as the Articles. These are effectively the rules of the company and ensure it's smooth running by setting out how decisions can be made.
- Certficate of Incorporation
The certificate that is issued by Companies House confirming your company name, number and date of incorporation.
- Company's Officers
These are the appointed director (s) and the company secretary should you decide to appoint one.
- Electronic Filing Fees
These are the charges that Companies House make for the filing of some of their forms. These costs are included in our fees and are not an extra cost to you.
- FORM IN01
This is the Form that Companies House require to be completed for the Incorporation of a Company. We complete this for you as part of the company incorporation process.
- Memorandum of Association
In newly formed companies, under the Companies Act 2006, the Memorandum of Association confirms the subscribers intention to form a company and become the members (shareholders) or guarantors of that company.
- Private Company Limited by Guarantee
A company with no share capital and members are guarantors not shareholders; their liability being up to the amount they are willing to contribute to the assets.
- Private Company Limited by Shares
A Company with share capital and the liability of each shareholder is limited to the amount unpaid on their shares, if any. Shares in a private company can not be offered for sale to the general public.
- Private Unlimited Company
A company with no share capital and there is no limit to the amount the directors need to pay if the company fails and has to be shut down.
- Public Company Limited by Shares
A Company with share capital and the liability of each shareholder is limited to the amount unpaid on their shares, if any. Shares in a public company can be offered for sale to the general public and can be quoted on the stock exchange.
- Registered Office
The legal address of a Company where official letters and notices are sent.
- Special Resolution
A special resolution of the members (or of a class of members) of a company means a resolution passed by a majority of 75% or more. There are some matters concerning your company that, should you wish to change them, need the consent of 75% or more of the members. Changing the articles of association and changing the company’s name are examples of circumstances where a special resolution is required.