Bearer Shares Companies Formation & Incorporation in the UK:
Welcome to Coddan online bearer shares companies' formation agent. We will guide you through the process of registering your company and establishing your registered identity. Complete and submit an application form. Adequate completion and submission of this form, along with the provision of payment, will enable Coddan to incorporate your proposed company with bearer shares within three business hours. We will express mail your documents to the mailing address you specify in your incorporation order. Company registration with a full set of limited company documents for as little as £495.00.
We offer electronic bearer shares company formation and electronic filing of documents. We also offer nominee Secretary and Registered Office facilities in addition to bearer shares company formations. We will form your new company with your intended directors, company secretary, registered office all in place and recorded at Companies House at the time of formation, although we can of course still use our nominees for incorporation purposes if you prefer. We complete all the minutes, statutory registers and official documents on your behalf, and ensure that all necessary forms and resolutions are correctly filed with the Registrar of Companies.
Our bearer shares company formation service not only have a Certificate of Incorporation on the required legal paper, but also has the provision of having your company registered office at our prestigious City of Liverpool, Manchester or London address. As all literature and documents must display the company's registered office, having your registered office at our address can enhance your company's profile in the eyes of both customers and suppliers.
New British limited companies are registered in the normal course of events within 3 hours or 4 days depending on your requirements. All proposed names are checked at Companies House to ensure availability, suitability of the name, and the acceptance of the use of sensitive words such as "International", "Holding", "Group" and others.
There are a number of advantages to company registration the most obvious being "Limited Liability". Unlike a partnership or Sole Trader if a limited company should be unsuccessful the company would be wound up and only company property/assets can be claimed by creditors. Directors and Shareholders have no personal liability whatever (unless they have acted improperly) and there are no restrictions on the directors pursuing further company formations.
In addition to incorporating an ordinary limited company we can provide formation & management of UK companies with bearer shares! Bearer shares can be converted into registered shares and vice versa.
Bearer Share Basics. Bearer shares are legal instruments denoting company ownership. They are not the same as stock certificates, however. Usually, the legal shareholders of a limited company are those persons whose names appear on the corporation's official shareholders list, or register. These shareholders may or may not be issued a tangible stock certificate which they may possess. A common stock certificate will bear the name of the shareholder, and how many shares of stock the certificate represents. It will contain other information such as the name of the company, any par value the shares have, and most importantly, whether there are restrictions on the transfer of the shares.
Many UK residents have never heard of bearer shares. The trick behind Bearer Shares, however, is that they must be issued properly by a qualified and knowledgeable corporate director. As long as you do not have them in your possession at the time you are questioned, you can legally and truthfully say under oath, "I am not the owner of that corporation." It's always recommended that people keep their bearer shares. This way, if your nominee officer is ever questioned about your corporation, he can say the same thing: "Bearer shares were issued, I don't know who owns the company, and I can prove it."
In contrast to ordinary stock certificates, bearer shares do not list the name of a shareholder. Instead, they state that shares of stock in the corporation are owned by the "bearer" of the certificate. Therefore, whoever has physical possession of the certificate can exercise the rights of a shareholder of the company. The advantage of bearer shares is privacy and ease of transfer. A company with only bearer shares has no shareholders list or register. Therefore it is impossible to know for certain who the shareholders of the company are. Because a transfer of the shares can be made by simply handing them to another person, bearer shares can be transferred more easily than non-bearer shares.
How Bearer Shares are Suppose to Work. Normally, when you fill out the back of a stock certificate, you must print the name or the company name of who owns that stock. Then you must record in the stock ledger the shareholder, address, date, number of shares, and if it was an original issue or a transfer. Obviously whomever the stock is issued to is the owner of the company. If it is to the bearer, then whoever holds that certificate, at a particular moment, will thereby be considered the owner of the company.
Our team of lawyers and corporate consultants are specialists in their fields, combining many years' experience with a practical and modern approach to working with clients. We are committed to providing the highest quality of service. We strive to keep pace with new initiatives and believe in investment in the latest technology which we recognise as an integral part of our work. But we haven't forgotten the importance of providing a personal service that meets the needs of each individual client. That is why you will find us professional, friendly and approachable.
Here's what you need to do: the online process will take you through the steps of purchasing your chosen name and on to a new area of the system with an online Form 288a to nominate your chosen director(s) and secretary. As you complete each step of the process you will be sent emailed confirmation - e.g. that your order has been placed and that your request for that company name has been sent to Companies House.
Your Memorandum and Articles of Association will also be sent to you by email. Companies House take 3-4 working hours on average to make final checks on name availability and to issue your Certificate of Incorporation.
For a limited company you need a minimum of 1 secretary and 1 director. If you have only 1 director, two separate people must hold these appointments. The secretary may also be a director if you have more than 1 director. There are 3 sections to fill in: the appointment type - director or secretary. You will need to indicate which position the applicant will hold (director, secretary or both). You will need to supply name and address, any previous names, date of birth, nationality, occupation, details of other directorships, with company name and number.
There is quite a common misconception about Certificates of Incorporation that are issued through electronic filing; one which even the larger banks have not got to grips with yet. Over 65% of all companies formed in the UK are done so using Electronic Filing and this percentage is growing. Companies House do not issue a hard copy certificate for companies that are formed using this method, and instead issue an encrypted PDF version of the certificate. This PDF document is the original certificate, but should you wish to have a hard copy Companies House issue guidelines on how these should be printed. They state that the PDF certificate must be printed on to 160gram Ivory card.
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