There are several ways that directors can be paid by a limited company, for example by salaries and, if they are also a shareholder, through dividends. It is therefore important to ensure that how a director is paid is in the most tax effective way.
a) Users of this website are deemed to have read and understood and confirmed agreement with these Terms and Conditions. If a user does not agree with the Terms and Conditions or clause therein and does not undertake to be bound by those terms then they must immediately stop using the website.
b) Users acknowledge that in using this website that they warrant that they have the legal capacity to accept these Terms and Conditions together with any further or specific terms and conditions that we may introduce which will be brought to your attention prior to the user purchasing any services or products.
c) On the first time of using the website to request information about or to purchase a service or product, users will select an individual name together with a chosen password which will allow them to subsequently access their online account at any time in the future. Users are responsible for maintaining the confidentiality of their username and password and should not reveal the details of this to any other person. 121 Company Formation will not be held responsible for any changes to a user’s account that result from the unauthorised use of a username or password. In accepting these Terms and Conditions, the user agrees to indemnify and hold harmless 121 Company formation in relation to any loss or damage that may rise from a breach of this clause.
d) Every time a user accesses this website and/or uses our services, it is agreed that a contract is formed on the basis of these Terms and Conditions which will apply to each contract that a user makes with us and no other terms and conditions will apply.
Any transaction undertaken with 121 Company formation through this website is subject to the specific terms and Conditions as given below which should be read in conjunction with the General Terms and conditions as defined above.
When users purchase the company formation service, they grant 121 Company formation the right to file the application at Companies House on their behalf as an authorised person
a) No liability is accepted for any errors or omissions contained within the company formation information submitted by a user via this website nor for any subsequent rejection of the application for registration by Companies House.
b) Should a company formation application be rejected by Companies House, the user will not be entitled to a refund for the services provided by 121 Company Formation.
c) No liability is accepted in the circumstances where a user’s company is either struck off or removed from Companies House Register for any reasons beyond our control or as a result of the user cancelling our services or upon the expiration of a service that results in the company failing to meet its statutory requirements.
d) It is the responsibility of the user to ensure that the company name that is chosen is available for use and can be legally used. No liability is assumed for a user’s choice of a company name or any problems which may arise from this choice.
a) It is a requirement of UK law that in order to register a limited company or limited company partnership and to serve as a director, company secretary or member, you must be over the age of 16.
b) Those who have been declared bankrupt or are in the process of facing bankruptcy proceedings are prohibited from registering a limited company or acting as a director or company secretary. Undischarged bankrupts are only permitted to hold shares in a company limited by shares.
c) Anybody named on the Disqualified Directors Register at Companies House is not permitted to register a new limited company or LLP nor are they permitted to act as a company director or company secretary but they are permitted to hold shares in a company limited by shares.
d) No responsibility or liability is accepted for any issues that may occur as a result of an employee of a limited company failing to meet the statutory or legal requirements of a company formation.
a) Purchasing our trade mail forwarding address service will enable you to use our address as the address to which all non-statutory business and general mail will be delivered. This service does not include the use of our address as your company’s trading address or principal place of business when registering for any HMRC matters. No such mail will be accepted or forwarded by 121 Company Formation if this service has not been purchased.
b) If you purchase either the registered office address service or the service address service from 121 Company Formation without registering for an account, then it is your responsibility to notify Companies House of any such changes so that the details held on the public register are correct.
c) Renewal payments for all 121 Company Formation address services must be paid promptly, either before or on the renewal date. In the case of the registered office address service and the service address service, failure to pay the renewal fees in due time or to provide any ID requested at the time of renewal, will lead to the address reverting to the residential address given to 121 Company formation at the time of the original purchase. If, at the time failing to renew an address service, you are not a UK resident and do not have access to an address within the UK, 121 Company Formation will apply to Companies House for our address to be removed from the public register as being either your company’s registered office address or service address.
d) We retain the right to revoke the use of our address in connection with your company should we consider that you have tarnished our reputation or have caused or are a substantial threat to our company. In these circumstances, 121 Company Formation will apply to Companies House for our address to be removed from the public register as being either your company’s registered office address or service address and your own residential address or an address provided by you at the time of purchase of the service/s will be substituted on the records held at Companies House.
e) Each of the 121 Company Formation address services applies to one company. Should any address service be required for more than one company, the appropriate fee is payable for each service for each company.
f) In the event that any mail we send from our office to a customer’s forwarding address is returned, we will take certain steps to ensure the customer receives this mail. We will, in the first instance, contact the customer to verify the forwarding address details and we will offer to open and scan the mail by email to the customer. Should the customer prefer for the mail to be re-sent by mail, a fee equivalent to the postal rate payable plus a 15% handling charge will be payable. If it should be the case that the non-delivery to the forwarding address was as a result of an error on our part, then the mail will be posted to the verified forwarding address at no charge.
g) Any mail addressed to customers using our trade mail forwarding service which is larger than A4, contains an item of value, a bank card or a cheque or similar items that cannot be scanned, will be forward by post and a fee equivalent to the postal rate payable plus a 15% handling charge will be payable.
h) If a customer requests that mail is forward by a courier, payment for this must be made in advance. We will raise an invoice for a fee equivalent to the courier’s charge plus a 15% handling charge for which payment will be taken from the payment card registered on our system by the customer. By accepting these Terms and Conditions, the customer grants permission for 121 Company Formation to raise payment for the invoice using this payment card. However, should the cost of forwarding any item by courier by high or appear excessive, we will contact the customer to seek prior approval.
i) Similarly, if a customer requires mail to forwarded using any of the Royal Mail services available, i.e. Special Delivery, Guaranteed, International Tracked, then we will raise an invoice for a fee equivalent to the postage charge plus a 15% handling charge for which payment will be taken from the payment card registered on our system by the customer. By accepting these Terms and Conditions, the customer grants permission for 121 Company Formation to raise payment for the invoice using this payment card.
j) If we are unable to forward an item of mail for delivery for any reason or if we are unable to secure advance payment for additional courier/postal charges the customer will be contacted for further instructions. If no instructions or response are received within 30 days, then 121 Company Formation reserves the right to either dispose of the item or return it to the original sender.
a) When you use our services to form a company, we will automatically offer you the option of a fast-track referral service for banking facilities. However, the availability of banking services cannot be guaranteed and are subject to the eligibility checks that are undertaken by the bank applied to. This is a free referral service so no fee is charged and therefore no fee is refundable.
b) The bank account referral service is not available for customers who are not resident in the UK.
c) If you do choose to use our bank account referral service, you automatically agree to your details being provided to the bank by us on your behalf and to subsequently being contacted by that bank in order to proceed with your bank account application request.
d) If you are using our company formation services for a third party and wish to also use our bank account referral service for that third party, then by accepting these Terms and Conditions you confirm that the third party agrees to you submitting their details for the purpose of opening a bank account and to subsequently being contacted by the bank to further their bank account application request.
e) Any business bank account offered by a bank and subsequently opened are subject to that bank’s terms and conditions which are in force at the time of opening the bank account.
a) Company formation service
Should you purchase one of our company formation packages and subsequently change your mind prior to the submission of the application to Companies House, you will be entitled to a refund of any fees paid to us providing notice to cancel is received within 14 days of the date of purchase. An administration charge may be applied to any cancellation/refund requests that are made after we have begun to process your application
After this 14 day period has elapsed, no cancellation/refund requests will be considered.
No refunds will be made for a company formation package once the application has been submitted to Companies House or for any application that is rejected by Companies House
b) Address services
If your order has not yet been processed and the address service(s) set up, then you will be entitled to a refund of any fees paid to us providing notice to cancel is received within 14 days of the date of purchase. After this 14 day period has elapsed, no cancellation/refund requests will be considered.
In the event that your order has already been processed and your address service(s) have been set up, then providing notice to cancel is received within 14 days of the date of purchase, you shall be entitled to a refund of any fees paid to us less a £30.00 administrative fee per address service. After this 14 day period has elapsed, no cancellation/refund requests will be considered.
If a notice to cancel and refund request is received within 14 days of the date of purchase of an address service but your company has used this address for more than 14 days after the purchase date, no refund will be due since it will be deemed that you have made use of the address service.
Address service(s) may be cancelled by either party upon the giving of one full calendar month’s notice.
c) Additional services and products
Should you purchases one of our additional services or products then the following terms and conditions regarding refunds and cancellations apply should you subsequently change your mind:
If your order has not yet been processed and we have not begun work on providing the additional services or products, then you will be entitled to a refund of any fees paid to us providing notice to cancel is received within 14 days of the date of purchase date. No cancellation/refund requests will be considered if the cancellation request is made after this 14 day period has elapsed or if we have already begun to work on providing the additional services or products.
Should we have to cancel any additional service or product purchased by you due to the failure on your part to provide any documentation requested, such as proof of ID or address, then no refund will be provided since this information is required in compliance with anti-money laundering regulations and Know Your Customer requirements.
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