A Guide to Limited Company Formations in the UK
Company formation: Getting Started
Starting a company can be a tough task in itself. An entrepreneur needs ample motivation to decide on setting a business up. Other than that, completing essential tasks such as the company registration/choice of company name are essential.
Choosing a Name
Choosing a company name can also be tricky whether you are a company online, digital in nature, etc. You can pick a name based on various factors. If our organisation is digital, you might have to consider an easily searchable name.
Other than that, consider that a potential name is not reserved for you. However, if you hurry to get yourself registered, you can always complete the online process. According to the Government's official website, paper applications may take longer to process than ones filed online.
Company Registration: The Company Formation Process
Getting your company registered is step one after you've chosen the company name. Here's a whole process on how to register your limited company:
Choosing a Company Structure
Choose a structure for your company that will benefit you and the stakeholders of your company. These are the two most relevant categories that you need to focus on. If it is all too new to you, you can always get advice from experts regarding your structure. If you are a UK company, there are various options available to you - if you are open to getting professional help. With DNS Accountants, you can register your company today.
Company Formation Agents
Company registration agents are professionals that are under the Trust or Company Service Providers. MLR Act continuously regulates them. But what service does a company formation agent provide? They will do everything in their power to create a company for you. If you are the client, you can get in touch with one such agent and immediately get your work done. These agents can complete all the necessary paperwork for you without you worrying about the hassle.
Not just the documentation, but the other requirements are taken care of as well. A formation agent has all the information that you will seek from websites and government officials. They can help you keep things ready and register within 2 hours! Get in touch with a company formation agent in the UK today!
Keep your registered office address handy as your agent might need it to process the setup.
Company Documents
What are the essential documents that you might need for a limited company formation in the UK today?
Well, there's not too many. However, getting these documents in order and set up your company might look slightly different due to the practical implications. If you are prepared to become a UK limited company, you might need the following:
- Paying the fees for the setup - The setup fee is £12 (or £27 for a CIC). Ensure that you have a Paypal account or a card before trying to pay online on the portal.
- Get yourself an application to register for the company & have business banking set up.
- Memorandum of Association - this is pretty standard for the process in any country.
- Articles of Association
- Any extra information that you agree should be known about your company.
Your printed company documents need not be submitted if you register online.
Get in touch with formations accountants services online without much ado!