1. Home
  2. /
  3. Blog
  4. /
  5. Other Blogs

The Best Limited Company Formation Agents

May 17, 2022 by Andrew Minalto - 0 Comments

Do you need to register a Limited company?

The question of whether or not to register a Limited company is one of the first decisions you have to make when starting an Amazon FBA business in the UK. And I’ve written about this extensively and gone over all the pros and cons of operating as a sole trader vs a Ltd company so I won’t cover that all again now.

But long story short if your business is doing well then sooner or later you will want to register a Limited company for your Amazon FBA business, mainly due to the flexibility it gives you in terms of extracting as much profit while paying as little tax as possible.

And when you are ready to take things to the next level and move from a sole trader to a Limited company, you’ll have any decision to make – which formation company should you use!?

As you can see there are no shortage of options out there, with the prices and services also varying hugely.

Can you register a Limited company without an agent?

But before we get into the different companies and who I recommend, let’s take a little step back and first decide whether you even need to use a formation agent to register a Limited company in the first place?

The short answer here is no, you don’t need to use a formation agent and can simply register your company directly with Companies House.

This costs £12 and is a fairly simple process. There are some documents you’ll have to prepare and you’ll need to provide information on all people involved with the company who are shareholders or have significant control.

There’s a very useful guide on http://www.gov.uk which outlines all the steps involved and goes over everything you need to know to register your company.

Once completed your company is usually registered within 24 hours and you’ll receive a certificate of incorporation – a legal document which confirms the company’s existence and date of formation.

All pretty straightforward right?

So as I said you really don’t need a formation agent (despite what some of them make it seem like on their websites!) as it’s a fairly easy process with a lot of help available.

The benefits of using formation agents

BUT formation agents offer a number of additional services and extras that you may want to use! This includes:

• guidance on the type of company that best suits your needs
• assistance naming your company, including those that require permission
• ongoing company secretarial support
• registered office address services
• help setting up a business bank account

Coupled with the fact that their formation services are usually very reasonably priced, not costing much more than registering directly with Companies House, and I do recommend most people use them for peace of mind and to make sure everything is done correctly.

Now Companies House actually provide a full list of accredited companies who are able to submit incorporations.

But as you can see there are over 120 different options for you to consider! So as always I will make life easier and recommend the 3 best limited company formation agents, based on their reviews online, my own experience, and feedback from my trusted blog readers and Amazon Sharks members.

Without any further ado, here you go:

Your Company Formations

With 4.9* from almost 4,000 reviews on Trustpilot and amazingly priced packages, starting from just £12.48, Your Company Formations are my no.1 recommendation.

While their Digital package offers everything you need for the same price as you’d pay Companies House to incorporate directly, for most people the Privacy package at £27.48 will be the best option:

With this option you get everything in the Digital package plus printed copies of your certificate of incorporation and share certificates plus a registered office address and director’s service address.

Now this is very important and something a lot of people ask me about.

Can people see my details when I register a ltd company?

Yes! All companies are searchable and you are able to see the registered address, director, and director’s address.

So if you don’t have an office and are using your home address for this, which most people do, then this will be public record… and that’s where Your Company Formations come in! Using their Privacy package will allow you to use their address for your registered office and director’s service address.

That way if anyone searches for you or your company your details will be kept hidden.

Well worth the £27.48 fee, which is great value if you ask me!

If for whatever reason you don’t want to go with Your Company Formations then that’s fine, they’re not the only company offering address services, and there are plenty more good options out there.

1st Formations

1st Formations are my second recommendation, and with 4.9* from over 15,000 ratings on Trust Pilot, you know you’re in good hands here.

Once again their basic package costs just £12.99 and then you have multiple other options depending on which features / extras you need:

Rapid Formations

Last but not least we have Rapid Formations, who average 4.8* on Trust Pilot from over 10,000 ratings. Slightly less than our first two choices but still a very high score.

And actually I’m pretty sure that Rapid Formations and 1st Formations are white label versions of the same company as their websites are very similar, even down to their package names and prices:

That brings me very nicely on to the conclusion to today’s post.

Final Recommendation

While you don’t need to use a formation agent, I do strongly recommend it, as you really lose nothing and in fact you can see some significant savings if you need any of the extras such as registered addresses, as they cost significantly more if you’re signing up for them separately.

For example Rapid Formations charge £39 per year for their London registered office service.

In comparison their Privacy package gets you company formation, a London registered office, and a London director’s service address, all for £20!

That means you pay WAY less than registering yourself with Companies House and adding it on later, plus you save time.

It’s rare in business to have a no brainer decision, but this really is one.

So no need to overthink it, simply choose any of the 3 options and get your company registered, and let’s start making some money with Amazon FBA!

For those of you who are transitioning from a sole trader to a Ltd company on Amazon, I know there are a lot of horror stories out there about how difficult this is and how it can lead to your account being suspended for months.

But not to fear as most of this is scaremongering and I am going to write a separate blog post where I outline step by step how to make the changeover on Amazon without disrupting your business and losing precious time and money.

Until next time.

All the best,
Andrew

Courier shipping from China is TOO EXPENSIVE!?

November 27, 2019 by Andrew Minalto - 1 Comments
Courier Shipping from China

Many sellers are scared away from the whole importing from China process because they think that shipping costs are too expensive. I recently had a blog comment from Michael, which perfectly illustrates this common frustration:

Hi Andrew,

I just got a quick online quote from FedEx for collecting these 5 boxes from the factory address and delivering at my home address and it was $1880 USD! Yikes.

If I look on AliExpress for the same item, I can order 1pc for $125 delivered from a reseller.

I know this is all part of the learning curve, but why is shipping 5 boxes so expensive? Is it because they are relatively large, but light in weight?

Is the only way to make this cost-effective simply to order more units? Enough for a few pallets? Advice is greatly appreciated.

Michael

I get comments and questions like this one all the time, so let’s try to debunk the expensive shipping myth and find out exactly why Michael’s shipping quote was so high.

Read More…

My 2018 Xmas present to you: £300!

December 13, 2018 by Andrew Minalto - 66 Comments

Welcome back!

We’re just ten short days away from Christmas, and it’s that time of the year when I say a big THANK YOU to all my blog readers, social followers, and, of course, my loyal customers. Unfortunately, I can’t send a gift to each and every one of you, but I can create a contest to reward ten of you with a £25 Amazon gift card and one of you with a £50 Amazon gift card!

This contest is very straightforward. All you have to do is comment below this post with a suggestion for a topic I should cover on my blog or Facebook page in 2019! It can be anything related to Amazon FBA business, importing, branding, product research, etc. The more specific the question, the better!

To give you an idea of what I’m looking for, here are a few examples:

  • Do I need a limited company to start selling on Amazon?
  • What is the best way to ship a 20kg package from China?
  • Is it worth it to start selling on Amazon US if you live in the UK?
  • How do I make sure my product quality is up to standard?
  • How many samples do I need to buy from Chinese suppliers?
  • What tools are best for Amazon product research?
  • Why do we need AUTO PPC campaigns?
  • Etc.
Read More…

Chat With Andrew

November 11, 2010 by Andrew Minalto - 0 Comments

Would you like to Chat with Me LIVE and let me solve your problems on the go? Now you can! Introducing to you an exclusive service where you can chat with me and ask any questions and get immediate expert advice.

Second Income Generator

November 11, 2010 by Andrew Minalto - 0 Comments

Second Income Generator (SIG) video course shows you a very profitable, easy to start online business model which allows you to make substantial amount of money working part-time or full-time from a comfort of your home. Without the need of investing huge amounts of money. So it’s basically risk free. Only thing you’re investing is your TIME!