Company registration, also referred to as company formation, is the basic step towards defining the structure of an enterprise, and to establish it as an entity that enjoys legal acceptance. This procedure is important, because in the UK a company is considered separate from the entrepreneurs who establish it or those operating the business. Companies, up till now, could operate only if they were registered in compliance with the rules of Corporations Act 1985. However, since October 1, 2009, company formation has come under Section 8 of the Corporation Act 2006.
Company Registration: Electronic Method
The online filing for company registrations is gaining ground because it is comparatively less time-consuming and hassle-free. The necessary documents and the requisite forms, along with the obligatory fees, must be paid to the Companies House through authorized company formation or registration agents. The Companies House has installed efficient software for online company formations, which can be done in a few hours.
Company Registration: Key Considerations
Prior to company registration, an entrepreneur must decide the nature and organization of his business. A company can be registered as:
Public limited company (PLC)
Private limited company (Ltd, Limited)
Limited liability partnership (LLP)
Limited partnership (LP)
European economic interest grouping (EEIG)
After the business structure is confirmed, a suitable name has to be finalized. An entrepreneur must be careful in not choosing certain words, such as:
Chambers of CommerceA businessman must also avoid using words that imply connection with the Queen and the Royal family, as well as the Parliament or the Government.
Company Registrations: Aid from Agents
Company formation can be done quickly and effectively with the help of agents who help:
Verify the availability and appropriateness of a company name.
Prepare documents, including the Memorandum of Association and the Articles of
Help choose the registered office.
Prepare and finalize a deed of partnership in case of Limited Liability Partnerships.
Aid in appointing directors Wall Street Journal Art and secretaries.
Register for VAT or corporation tax. Company Formations 24.7 is one of the UK’s oldest and biggest company formation agents equipped to deliver accurate and helpful advice. The company has provided unwavering support to innumerable businessmen keen on establishing their new companies.