Setting up a limited company involves decisions that affect tax, ownership and governance. Here at North Devon Accounts, we support new business owners with structured formation advice and ongoing compliance.
In 2026, incorporation must be approached with awareness of stronger Companies House oversight and identity verification requirements.
Key Decisions at Formation
Before incorporating, consider:
- Share ownership structure
- Director appointments
- Profit extraction strategy
- Long-term growth plans
These decisions influence your Articles of Association and company structure.
Documents Created at Incorporation
When forming a company, Companies House records:
- Memorandum of Association
- Articles of Association
- Statement of capital
- Director and PSC details
- Registered office address
Directors and PSCs must complete identity verification as part of the new framework. Our guide on PSC ID verification explains the current requirements.
Ongoing Responsibilities
After incorporation, directors must:
- Maintain accurate Companies House records
- File annual accounts
- Submit confirmation statements
- Meet tax obligations
Our guide on keeping Companies House information up to date outlines these responsibilities in detail.
Start With the Right Structure
Formation decisions affect tax efficiency and compliance long term.
If you are considering incorporation in 2026, contact us by clicking the email link below. We can arrange a FREE no-obligation, 30-minute consultation to explain how we can ensure your company is structured correctly and meets all Companies House requirements from day one.
