Forming a limited company

To answer your first question is difficult. If the company is set up incorrectly it can cause all sorts of problems, but the process is so bog-standard it is difficult to see how anyone can get it wrong.

If you pay more are you likely to get more? No.

Can the average professional tell the difference easily between a duff company and one set up incorrectly? No.

Would it matter if your company were set up wrongly? Probably not much, probably no one would ever notice.

If I were you I would use the third least expensive :)

Once you have chosen your quick formation agent you are in their hands. If they say:

...only 1 person is required, who can be director, secretary and sole shareholder?...

...go along with that.

Then get an accountant :)

I always thought that there had to be two people - a Company Secretary and at least one Director.

That used to be the case:

I suggest you have a look at-

As a limited company is a device for transferring risk from its owners to its suppliers and consumers, I would assume that whilst registering with one person in all roles might be legal, it would result in a poorer credit rating.

Thanks for the advice so far everyone. Companies House website is down again today - seems to happen most Sundays.

I was thinking of using these people to do the necessary (standard package):

The main purpose of incorporating my existing sole trader business will be to facilitate selling it in a couple of years.

On the subject of investing the cash assets of a company for maximum interest, I have noticed that some building societies do not allow limited companies to invest. Is this a known issue?

Thanks again

Is it wise to risk messing up the formation of a company if you are planning to sell it? Troy is certainly correct that people tend not to notice a rubbish formation but that is usually if you continue running the company. Once you try to sell it a buyer will want to ensure they don't buy a lot of problems.

As usual, if you try to save money when something is already pretty cheap it will cost you more in the long run.