Order FreeTime - First Time Service

Download FreeTime order form

	FreeTime-FirstTime Order Form (RTF)		FreeTime-FirstTime Order Form (PDF)
	Supplementary Questionnaire		Supplementary Questionnaire
	All FreeTime First Time Forms Zipped

FreeTime First Time Service
This service is for people who are just starting out  and need help sorting out the administration and ongoing running of a company.

Forming the Company
If you decide to use the FreeTime First Time service you will require a Limited Company. 
The company is generally formed prior to you coming on board. This allows us to offer you a speedy service so that you can own your own company with the minimum of fuss.

Prior to signing your first contract you need to own a company and be appointed as Director. We recommend that you contact us as soon as you are committed to contracting via a Limited Company. This point may vary from weeks in advance for the utterly committed to a few days for the wary individual waiting until work availability has been clearly established.

Under the FreeTime service, the companies are registered in and governed by the laws of England. This does not prevent you accepting contracts in other countries.

SumIT will be the company’s initial subscriber, shareholder and Director with SumIT (Company Secretary) Limited the initial Company Secretary and the registered office is at their offices.

In order for us to offer you an efficient service in FreeTime it is proposed that we remain as company secretary and keep the registered office at the same address. 
(to be agreed with you in our contract).

SumIT sets up all companies with standard Memorandum and Articles of Association prepared. These outline the rules governing the running of the company. Although unlikely, if required, these can be amended subsequently by a Special Resolution.

Authorised Share Capital: the company will have an authorised share capital of £1,000 divided into 1,000 shares of £1 each. The initial shares issued to the subscriber is one. Once you have purchased the company you can choose to allot and issue additional shares.

Once we have received your order we will send you the following for completion

• Companies House Form 288a (appointment of director and secretary)
• 2 copies of our FreeTime contract for your approval.
• A supplementary questionnaire. This will help us prepare Board minutes and to submit PAYE and VAT administration and banking arrangements

At the start up stage, all you have done is to purchase your own company. After this we will initiate the process of providing contracts and setting up the infrastructure to provide you with the ongoing FreeTime service.

SumIT (Company Secretary) Limited will act as Secretary so the official records will be kept at their registered office until instructed otherwise. Copies of the following documents will be sent to following your appointment as director of your company.

• 1 Bound copy of Memorandum and Articles of Association
• Certificate of Incorporation
• Certificate stating that the company has neither traded nor incurred any debts
• Certificate of Renunciation of Subscriber Shares
• First Board meeting minutes
• Form J10 – stock transfer form
• Form 288b – Resignation of SumIT (UK) as director
• Form 288a – Completed, appointing you as a director
• Form 288a – blank, for future use
• Form 225 - notice of accounting reference date
• Form 88(2) – return of allotment of shares

We will also supply you with the 2^nd Board meeting minutes for your approval confirming the appointment of SumIT (Company Secretary) Limited as Secretary and awarding SumIT (UK) Limited the management services contract. This will need to be approved prior to opening bank accounts.

Prior to owning your own company we recommend that you read the information about Responsibilities of Directors. 
These are outlined in the Companies House Guidance Booklet GBA1/V1 www.companieshouse.gov.uk

FreeTime-FirstTime Order Form (RTF)

FreeTime-FirstTime Order Form (PDF)