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:
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:
Company Registrations: Aid from Agents
Company formation can be done quickly and effectively with the help of agents who help: