Q: I've got an idea for a company to run an sporting event that will start in mainland USA but finish in Hawaii and have participants from around the world. How do I go about registering the company?
Aug 31 2011
Answered by: Clive Lewis Ask a question
Forming a limited company in the UK is relatively straightforward. The best website to go to is Businesslink.gov.uk.
Aside from this, you need to consider carefully the taxation aspects. You explain that the business operations will be in a number of overseas countries. As a UK resident company this could mean complex tax issues. You need to address the taxation aspects before you start the project. You should talk to a chartered accountant who is familiar with US taxation. They can also advise on forming a limited company and ensuring that the memorandum and articles allow the activities the company wants to undertake, as well as ensuring that the company complies with UK and US taxation requirements and the most appropriate corporate structure for the US operations. Your adviser needs to have a full understanding of the operations of the sporting event.
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