GetGround Companies 101

GetGround helps you form, structure, and manage companies for your BTL investments. We are listed as a Companies House formation agent and incorporate all companies on our platform as UK private limited companies.

Having incorporated thousands of companies specifically designed for BTL investments, GetGround makes it easier to avoid the common pitfalls associated with company incorporation.

All incorporated GetGround companies are proofed at Companies House for additional security.

How many properties can each company hold?

Every GetGround company holds one property. There are plenty of benefits for this type of model including:

1. Upon your property sale, you can either opt to sell the property or sell shares (with the latter option potentially leading to lower capital gains tax and/or additional tax efficiencies)

2. Greater flexibility when managing your entire property portfolio

3. Lower corporation tax

4. Better protection for each property

5. Greater visibility for transactions around each property

6. Better access to company BTL mortgages

If you’re a portfolio landlord or would like to have more than one property on our platform, you can always open up multiple GetGround companies. We offer special pricing if you choose to do so: you’ll only pay the one-time set-up fee on your first two companies with us. All further company formations are free.

At present, we are only able to incorporate companies that hold property in England, Wales, and Scotland. We are not able to support properties in Northern Ireland, but hopefully will be able to do so soon!

Using your company for business other than property investment

Whilst your company is on the GetGround platform, it must only be used for Buy-to-Let property investment in connection to the rental property that it holds. This also means that it is not VAT-registered and that you cannot employ anyone through it.

Details about your GetGround Company

Company Secretary

GetGround Secretary Limited is appointed to all GetGround companies as the company secretary and can also carry out administrative tasks on your behalf.

Company Name

Your company’s name is one of the distinctive features that allow us to set up and manage your company efficiently. As such, you cannot select a custom name for your company.

GetGround’s standard names are well recognised within the property industry by solicitors, lenders, and agents.

Registered Address and Post

Any post that is sent to this address is opened, scanned, and uploaded to your company dashboard page. You can access the post sent to your company in the ‘Documents’ tab. You’ll also get an email notification to let you know if you have anything to review.

Physical letters are stored for three months before being securely destroyed. If you would like a hard letter of any of the letters sent to your company before they are destroyed, we can arrange to send them to you for a small admin fee. Please get in touch with us at [email protected] if you’d like to make a request.

VAT Registration

All companies incorporated within our platform are not VAT registered, this is because there is no benefit for the company to register for VAT as it does not meet the minimum threshold.