Company Start up in the UK: An Easy Guide

A company start up in the UK is a good proposition if you wish to branch out offshore. The sound legal framework in the UK provides a favourable and flourishing environment for doing business. All companies in the UK are regulated by the Companies Act 2006, as of October 01, 2009. Further, the Companies House is the official UK agency that looks after all aspects of company formation. This agency stipulates many rules and regulations, which can be accessed both online and offline. So, if you are an entrepreneur looking to set up a company in the UK, it will help to know the rules and regulations.

Steps for Company Start Up in the UK
It is said that idea generates money and not the other way around. So the prime mover of any good business initiative should be the idea behind it. You should plan your business strategy very carefully before venturing into any business. Once you have planned your business, follow these steps for a company start up in the UK:

• Define the business objective and the nature of your business. The structure of the company would be dependent on your business objective.
• You can choose among the four types of companies in the UK. These are private company limited by shares, private company limited by guarantee, private limited company and private unlimited company. All these types have different tax liability. The private limited companies are the most preferred, due to their tax benefits.
• Choose an appropriate name for your company to be registered with the Companies House. You can choose only those names which do not sound like the ones already registered with the regulating agency.
• Register a company office in the region where you wish to do business. Depending on where you intend to do business, you can either register an office in England, Wales or Scotland.
• Fill out Forms 10 and 12 of the Companies House and the agreement documents. You can do it either manually or electronically. Due to their convenience and expediency, electronic filing is in vogue these days.

To enable a smooth registration process for your company start up in the UK, it is advisable that you take up professional help. Professional agents like Company Formations 247 provide you all necessary help required in company formation, which include filling up forms and filing with the Companies House. The agent also offers you services, such as registering an office or appointing directors and secretaries at attractive prices.