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UK LTD under a "pen name"? Is it possible?

Discussion in 'Business & Tax Advice' started by ShadeDream, Mar 2, 2013.

  1. ShadeDream

    ShadeDream Elite Member

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    How would that work? Is it possible to register a UK LTD under a pseudonym? I mean, if I register a UK LTD, can I then use a pseudonym with this LTD rather than my real name?
     
  2. LakeForest

    LakeForest Supreme Member

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    You looking for a "Doing Business As" type arrangement, or to be hidden?
     
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  3. Duffers5000

    Duffers5000 Elite Member

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    How do you mean ?. If you set up a limited company you will need at least one director. You will need to use your own details to get set up. You can always change directors etc but you will need to get articles and correspondence sent out to you.

    Ive used this company before and they are excellent. http://www.eacbs.com/

    Have a read through Im sure they can appoint a director on your behalf and you can redirect mail etc from one of their addresses.
     
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  4. Panther28

    Panther28 Elite Member

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    you also need to publish your accounts to companies house. I would say stick to sole trader, and keep your cashflow on the downlow, since both are same structures really, the only difference is that your not liable for any debts if you run them up under your companies name, and nobody can sue you for your assets, if your company is responsible for something.
     
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  5. ShadeDream

    ShadeDream Elite Member

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    I've probably confused most of you as to what I want. I know I will have to provide my details when I register a company, I understand that, but I was wondering if I would be able to register a company and then assign a pen name to it? So that when I register domains, and use services which require a full name, I would use the pen name instead of my real name and still be able to have legal control over such services?

    When it comes to "Doing Business As", is it possible to use this in a way where I would be "MyName DBA PenName"? So as an example "John Smith DBA James Green"? And then I would use the pen name "James Green" to register domains, a PP account, etc? Or would that not work?

    Also, a question completely off topic. With an LTD you are pretty much not liable for any debts of the company? So if I register an LTD and manage to get a business loan, and that business fails, what happens to the loan? Company files for bankruptcy and dissolves, am I by any chance screwed?
     
  6. Duffers5000

    Duffers5000 Elite Member

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    You can be abcd ltd trading as Core10web-design etc. Not sure about just using a name but in the example you used, I would say peter green ltd or peter green consulting ltd etc would be fine.

    The chances of getting a loan for a new company with no collateral are less than slim. Just have a random look on companies house http://wck2.companieshouse.gov.uk//wcframe?name=accessCompanyInfo . There are thousands of new companies formed everyday. You will struggle to even open a business bank account with a new company unless you are personally known to the branch you apply to, or get a recommendation from an accountant/solicitor etc.

    In my experience your bank will monitor you for 2-3 years. Check your outgoings and lodgements and overall accounts and really get to know you well before they will consider loaning money. Even then they will make you sign personal guarantees so you wont be protected by the company.

    Accounts wise 90% of ltd companies are non trading. You should file a return every year even if its nil. Will take you all of twenty minutes to do it online. If you look at the companies house list you will see lots of companies that are overdue. Generally your company will get struck off after 2 years of not posting returns. I recommend keeping on top of your records but at this level they are not all over you. Its only when a company goes VAT registered that you really need to be on top of daily accounts and you will do quarterly returns.

    Regarding debts. yes a ltd company has ltd liability and you as a director are not personally responsible. Im sure you are not setting out to fiddle anybody but businesses can fail despite the best efforts and theres no need to worry about losing your house.

    If for example after a years trading you look at your bank account and you are 40K down and no way of getting things back on course you need to go and appoint a liquidator to tidy it all up. Your debtors will be informed and will have a chance to attend an insolvency hearing but if the moneys not there then the moneys not there. The debt is with the company not the director. If there is any money left then it will be divided up . The bank and the government get paid first, theres usually nothing else left.
     
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  7. JFoulds

    JFoulds Power Member

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    The rest of your post was absolutely bang on, but this certainly isn't the case here in the UK!
    Not sure where you're from, but here you can get a business bank account from pretty much any bank (including an overdraft, not a loan, but an overdraft) just by applying online or in person at a local branch - no existing connections needed!

    @ShadeDream, Once you've registered your company, almost every service will allow you to open an account with the company business name - personal names will never be listed to an outside source. Many companies - like PayPal - also allow you to chose what your company name appears as on billing references. For example, you could be called Jack Smith and your company ShadeDream Limited - but your PayPal address billing@SEOServices.com, and all billing information appears from 'SEOServices.com'. Even if someone did some digging into your company, without working for PayPal they'd only be able to find your company name (ShadeDream Limited), but not your personal name (Jack Smith).

    Drop me a PM if you've got any other questions, I'm quite familiar with the regulations of UK company law and operating as a limited company here! :)
     
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  8. Duffers5000

    Duffers5000 Elite Member

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    Maybe its because Im Irish !

    Joking of course but there are plenty of occasions when a bank doesnt want to deal with a new ltd company. Having a large deposit is not much help either as banks are under pressure from the money laundering regulations. Of course its not that difficult and you will get an account set up I was more highlighting the difficulty of getting credit.
     
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  9. JFoulds

    JFoulds Power Member

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    Oh yeah, don't get me wrong the rest of your post was absolutely correct - getting credit is an absolute bitch. The current economy just isn't conducive to newly formed LTD's... :\
     
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  10. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Premium Member

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    The answer to you question in post #1 is YES.

    There is no legal requirement to change your name, you can just start using your new name. It will only become a problem if you are using your new name to defraud people or commit criminal acts. So technically you could start using your new name then revert to your old name without informing anybody. Obviously this will be a problem if you are required to provide identification, that is why people change their name by deed poll but it is not actually necessary.

    Here are some links that might be of interest.
    http://www.adviceguide.org.uk/engla...s_and_changing_your_name_e/change_of_name.htm
    http://en.wikipedia.org/wiki/Deed_of_change_of_name
    http://en.wikipedia.org/wiki/Pseudonym

    Also search google.co.uk for "use pseudonym to register uk business"
     
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  11. ShadeDream

    ShadeDream Elite Member

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    @W130SN - Thanks but that's not exactly what I meant. If I was going to have multiple pseudonyms, this wouldn't really work, would it?

    @JFoulds - Thanks, I will PM you a question or two once I'm sure about what I want.
     
  12. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Premium Member

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    Well I don't want to go into details but I know several people that operate several companies under different names, they also have the companies registered at accommodation addresses, the accommodation addresses also provide telephone answering services and they get all mail forwarded to PO Box No or MailBox services.

    Obviously depending on how legit you want your company to be is up to you but several companies exist that you can buy companies off the shelf and they will act as company secretary and when used with above technique makes you harder to trace.

    As long as you aren't carrying out any illegal or fraudulent practices you should be OK.
    Of-course if people use these techniques for anything shady then they will likely be caught eventually.

    EDIT: I should point out that this information was correct a few years ago but I am not sure of the current situation.
     
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    Last edited: Mar 2, 2013