Registering A Company

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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) Unlimited company 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: Bank Building Society British National International Group Holdings Chambers of Commerce A 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 Association. Help choose the registered office. Prepare and finalize a deed of partnership in case of Limited Liability Partnerships. Aid in appointing directors and secretaries. Register for VAT or corporation tax.
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Registering A Company

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This article was published on 2010/04/17