Company Incorporation, the creation of the company, the company set up, whatever you call it, it needs to be done the same way and it needs to be done accurately.

It goes without saying that you will need to have chosen your company name well in advance of incorporating the company. You will need to check that no other company already has the business name that you desire and you aren’t infringing any trademark rules with your logos etc. Once the company name and address has been decided, you will need to determine for what purpose your business is operating and which ‘SIC’ code applies to your business operations.

You then need to decide who the ‘officers’ are going to be, how much capital each of the officers hold and how many shares they are subscribed to within the business as a whole. Next, you have to decide which persons (if any) have ‘significant control’ over the company. These people are referred to as “Persons of Significant Control” (or PSC). The PSC aspect of incorporation is relatively new and it is hoped it will assist in improving corporate behaviour, deter money laundering and help to sanction those who hide their ownership or control of UK companies for the purpose of facilitating illegal activities.

A PSC is an individual (or registrable legal entity) who meets one or more of the following conditions in relation to a company;

Condition 1: Directly or indirectly holds more than 25% of the company’s issued share capital.

Condition 2: Directly or indirectly holds more than 25% of the company’s voting rights.

Condition 3: Directly or indirectly holds the right to appoint or remove a majority of board of directors.

Condition 4: Has the right to exercise, or actually exercises, significant influence or control of the company, LLP or SE.

Condition 5: Has the right to exercise, or actually exercises, significant influence or control over the activities of a trust or firm which is not a legal entity, but would itself satisfy any of the first four conditions if it were an individual.

It is important that all the information you provide Companies House with is entirely accurate upon incorporation. Your application can be rejected for numerous reasons by Companies House. If this happens, your fee will be refunded but your entire application will have to be drafted again from scratch and the fee paid again. This can be time consuming and unnecessarily delays the incorporation process.

Should your incorporation application be accepted by Companies House, you will be provided with a company number that is unique to your business. It is at this point that you should consider putting all of your business agreements in place ready for the commencement of your trade.

Oakwood Solicitors offer Clients advice and are able to incorporate companies for a fixed fee, taking all the pressure off and giving you the peace of mind that all the necessary boxes have been ticked during the incorporation process.

To discuss this further with a member of our team, please email or telephone 0113 200 9730.

Quick Enquiry

Meet The Head Of Department

Director Oakwood Solicitors

Richard Coulthard

Director and Chartered Legal Executive

Call 0113 200 9787 to speak to one of our solicitors.

What To Do Next:

For a FREE initial consultation, call us on 0113 200 9787  or contact us online here to discuss how we can help you.


Simply complete this short form and one of our experts will be in touch soon.

Have you suffered from clinical negligence, or
have you become aware that you were the victim of
clinical negligence within the last 3 years? *

Who do you allege has treated your negligently? *
GP SurgeryNHS HospitalPrivate HospitalOther Medical Professional

Your confidentiality is always assured and we aim to provide excellence in our client care.


See what our customers think of us…

find out more


See staff from this department

find out more


17 hours ago

Oakwood Solicitors Ltd

Oakwood Solicitors - Corporate Members of the British Tinnitus Association ... See MoreSee Less

View on Facebook




Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Not readable? Change text. captcha txt