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SEIS start-ups
30 October 2012

The Seed Enterprise Investment Scheme (SEIS) has been set up by the government as an incentive to spark new business. It's aimed directly at start-up companies and offers shareholders 50% income tax relief and up to 28% Capital Gains Tax relief on their investment.

One of the qualifying conditions of SEIS is that a company must not be a subsidiary. This includes off the shelf companies as they count as subsidiaries of the formation agents that set them up, which means those who buy shares subsequently won't be entitled to the SEIS tax reliefs.  

Companies formed through London Law’s web formation service do not fall into this category as you, or your client, are listed as first directors and shareholders at Companies House without any involvement by London Law.

The London Law web formation service is a simple and cost effective way to incorporate a standard company or LLP but also includes the option to choose Articles for ‘A’ and ‘B’ shares, Guarantee companies and RTM companies.   


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