Five Key Questions About Forming A New Company

Article by David Hughes

How do I form a company?

The quickest, easiest way to do it is to buy one ready made from a company formation agent. This is called an ‘off-the-shelf company. You can fill in your details on their website and they will form a brand new company just for you.

What is a company formation agent?

It is the name for a business that does nothing else but form new companies. There are hundreds of them on the web. Just google for ‘company formation agent’.

Can I trust a company formation agent?

Yes. It is their day job to form new companies so they know what they are doing. The company formation process isn’t particularly difficult, but it is time consuming and a hassle for those who are not familiar with it.

How quickly will my new company be ready?

It can be formed in a day. The company formation agents are linked to Companies House via specialist software, so they can usually form a new company within a few hours.

LPA and EPA Registration Fees to be Reduced

Article by Sharon Brown

Every Lasting Power of Attorney (LPA) must be registered with the Office of the Public Guardian (OPG) before it can be used.  Enduring Powers of Attorney must be registered at such time as the donor (the person who made the EPA) has lost or is beginning to lose mental capacity.  The current fee for registering an LPA or EPA with the OPG is £130.00 per document. 

On 16^th Jul 2013 it was announced by Helen Grant (the Under-Secretary of State for Justice) that the fees will be reduced.  From 1^st October 2013 the registration fee will be £110.00 per document, a very welcome saving for people trying to put their affairs in order.  Also, where an application to register has to be resubmitted to the OPG the fee is being reduced from £65.00 to £55.00.    

The Government has previously stated that it would like every adult to have an LPA in place and I feel this is a step in the right direction to making that wish a reality.

If you have any questions regarding EPAs or LPAs please feel free to contact me on 01992 422128 or by email to Sharon@gardenhousesolicitors.co.uk

www.gardenhousesolicitors.co.uk

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Tel: 01992 422 128

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Email: info@gardenhousesolicitors.co.uk
The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.