Important Steps to Register a Company UK
Every businessman wants to expand his position more and more. As they develop their business their value increases. They establish their business in a place where it can grow well. United kingdom has made itself as one of the most thriving business hubs in the world through its economic consistence and political prosperity.
There are many forms of the company registration such as private company limited by shares, private company limited by guarantee, private unlimited company, private limited company. There are entrepreneurs who can manage the process of registration themselves.
To Register A Company UK businessmen need to follow some of the rules. Firstly choose a company name which will be suitable for business. It must be unique and must not bear the resemblance to any other existing company name. It is advised to select a name which matches with the nature of business. It should sound impressive to the customers.
It includes a procedure which is to be followed for registering a company and they are:
1. Obtain the memorandum of association
2. Fill forms 10 and 12
3. Submit a statement from directors, details of the secretary and address of the company Overseas company can also register a company. They need to submit some of the documents. Some of the bodies which cannot register as overseas company in UK such as a partnership and non-incorporated bodies. People can hire a professional guide who can advice for registration of a company. Register companies can register their names only with government agencies such as Companies house. Some of the mandatory documents are required to be submitted along with the registration.
In case of overseas company, in setting up the branch it needs to submit br1 form to the companies. Establishing a company in UK needs form 69. In both, the cases company needs to submit all the documents. It includes certified copies of the companies constitutional documents, Copy of the latest set of audited accounts published by the parents account. Overseas company may initially be registered by its corporate name after some time it's get subjected to the restrictions which are applicable to British company.
First step to register a company is to have a physical address in UK. Foreign companies require a temporary office before its actual office. In this case company can pay a small amount to the solicitor for temporary address. Business structure is another important decision as there are a number of structures.
The forms, which are filled, should be duly submitted to the companies house for assessment. After the completion, of the registration process people need to start with insurance policy and payment of atx etc. Maintenance of all records are necessary as it can impose a penalty.
Bryantt - About Author:
Fast-formation provides you the facility to Register A Company UK. It is the leading company in company formation in quick, easy and affordable manner. It will help you to establish your company and grow your business.
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