I've mentioned on meta and briefly on this list the practicalities of company
I know that everyone is keen for us to register the company and complete all the other
formalities as fast as reasonably possible so that we can hand over to a Board which can
start doing things that actually fulfill our objects! I have been thinking of the ways we
can register with Companies House in the quickest and easieist way, given that the five
directors live in different parts of the country.
I've come up with three main ways:
1) Form full company from the start, by post
Each initial Director has to sign paper form (Form 10, the Memorandum and the Articles)
where they "consent to act" and "agree to form the Company". This is
because Company House's webfiling system does not allow you to submit these forms
directly online and the Software Filing service, which allows commercial company formation
agents to file online, is generally used only for companies formed with standard
Memorandum & Articles.
The advantage of this method is that the company is formed with all the correct directors
and members from the start.
In practice, we would have to get each of the directors to print, sign and post a copy of
the signature pages to the company secretary who then puts them all together and submits
them to Companies House.
2) Form full company from the start, by meeting
An alternative is to arrange a physical meeting where all five directors get together and
sign the papers. This would take time to organise.
3) Form single member, single director company and then appoint remaining directors on
The third option is to form the company with a single member and a single director (being
me). I would sign all the forms myself, submit to Companies House and then admit the other
directors as members and appoint the others as directors as soon as the company is formed
This way the other directors can sign their consent forms on-line using the webfiling
I think it would be easier and we would save time doing it this way. However, I would only
want to do this if everyone was comfortable with this approach.
We would need a minor change to the standard Articles to reduce the minimum number of
directors to one in the first month from incorporation.
How do people feel about this?
---- Original Message ----
From: Andrew Turvey <raturvey(a)yahoo.co.uk>
L: Number of Directors
1) Standard number (at least 3 but no maximum)
2) Fixed number (changeable with 75% membership vote)
We haven't discussed this yet - what are people most confortable with?
Can I also ask for a derogation in the first month so that its easier to set up the
company (reduce the minimum number of directors to one for the first month from