Demonstration | FirstOrder Company Secretarial Software | First Corporate Law Services

Summary

Paul Dunn introduces a corporate law company secretarial software designed for incorporating and managing companies. The software allows users to form companies, appoint directors, handle share transfers, and file necessary documents with Companies House. It features automated reminders for filing deadlines, customizable access levels, and a user-friendly interface for managing company records and compliance.

Takeaways

• 🌐 The video demonstrates the use of a corporate law company secretarial software available at www.fcls.co.uk.
• 🔐 Users can log in to the software using their email and password, with options to form a company or place an order.
• 🏢 The software allows users to incorporate a new company, either with their own officers or on a nominee basis.
• 📝 Users can choose the type of company to set up, such as limited by shares, limited by guarantee, or an NLP.
• 💼 The software provides a streamlined process for incorporating a company, including selecting share types and classes.
• 👤 It simplifies the addition of clients as directors or shareholders, with the option to use existing client information.
• 🏠 The registered office address can be easily inputted, and the system assists with postal code lookup for accuracy.
• 📑 The software offers options for additional goods and services, such as registering the company for VAT or ordering copies of the company's articles.
• ⏰ It automatically updates and reminds users of filing dates and deadlines for all companies within the system.
• 📈 Users can run various reports to track filing dates, shareholder information, and other company-related data.
• 🔗 The system is integrated with Companies House, allowing for direct filing of forms and updates to company records.

Q & A

What is the name of the corporate law company secretarial software demonstrated in the video?

The name of the software is not explicitly mentioned in the script, but it is referred to as 'the first corporate law company secretarial software' and the website provided for access is www.fcls.co.uk.

How does one access their account on the software?

To access the account, one needs to log on to the website www.fcls.co.uk, click the login button, and enter their email address and password.

What are the two main options available after logging into the software?

After logging in, the user has two options: 'Form a company now' or 'Go to the first order'.

What types of companies can be incorporated through the system?

The system allows for the incorporation of companies limited by shares, limited by guarantee, or an NLP (Nominee Limited Partnership).

What is the cost for an all-electronic formation of a company limited by shares?

The cost for an all-electronic formation of a company limited by shares is £57, which includes the registration fee.

Why does the presenter suggest incorporating a company with multiple share classes at the outset?

It is suggested to incorporate a company with multiple share classes at the outset because it is more cost-effective to do so than to perform a share restructure later on.

How does the software handle the registration of a new person as a director or shareholder?

The software allows for the addition of a new person by entering their information, which is similar to what is required on an AP1 form or what is keyed directly on the Companies House website.

What is the significance of the six-digit authentication code provided after company incorporation?

The six-digit authentication code is used for web filing and is provided along with the certificate, articles, and invoice after the company is incorporated.

How does the software remind users of filing dates and deadlines?

The software automatically reminds users and sends email notifications about all filing dates and deadlines for their companies.

What is the 'three-step rule' mentioned in the script for handling changes within the system?

The 'three-step rule' involves: 1) making the change on the system, 2) producing the relevant paperwork for the event within the system, and 3) filing the change through to Companies House.

How does the software handle the updating of the PSC register when there are share transfers or other changes?

The software automatically updates the PSC register whenever there are changes such as share transfers or allotments, reflecting these changes without requiring manual updates.