Steps to Register a Business in UK

Entrepreneurs can register a business in UK to start their own companies. However, to start a company, they must be aware of the laws of the land, the Companies Acts and the specifications of the Companies House.

Steps to Register a Business in UK
Entrepreneurs can do the following to register a business in UK:

• Decide the structure of your business. There are various types of companies, such as private company limited by guarantees, private company limited by shares, private limited company and private unlimited company. Each type will require a different licensing formality.
• Based on your business objectives, decide which type to choose. The registration process, regulatory approvals and tax liability of your company depends on the type of company you choose.
• Choose a suitable name for your company reflecting your business objects.
• Prepare the memorandum of association, articles of association. Fill in Forms 10 and 12, and appoint the secretary and directors of the company.
• Submit all these documents to the Companies House in proper order. You can do your filing either manually or electronically. Electronic filing is preferred these days due to the ease and expediency

Register a Business in UK: Role of the Companies House
The Companies House is the official agency in the UK authorised to register a business. It maintains records of all types of companies existing in the UK. It issues revised specifications from time to time, regarding new company formation. Entrepreneurs must keep themselves updated about these for quick establishment of their businesses.

Although you can complete the registration formalities yourself, seeking professional help reduces the processing time and makes the process smooth. Since registering a company in UK also involves other issues, like deciding the right company structure, an error might lead to delay in company registration and business losses. For finding a reliable company formation agent, refer to the authorized agents list released by the Companies House.

A reputed agent to contact for registering a company in UK is Company Formations 24.7. Their professional assistance helps you to register a business in UK in no time. The agent also provides you a host of other services, including the appointment of directors, secretary and shareholders for registration purposes. Once the process is complete, you get an instant email confirmation. You can also opt for obtaining the electronic copies of the certificate of incorporation and the Memorandum of Association and Articles of Association.

Setup a Company in UK: Important Facts

Over the years, the United Kingdom has emerged as a business hub in the world due to its stable political conditions and consistent economic expansion. The transparent, open, and business-friendly environment of the UK is highly conducive to industrial growth. In September 2009 alone, a total of 32,270 companies were formed in England, Wales and Scotland. More than 2.6 million companies operate in the entire region. Hence, to ensure the best rewards for your hard work, setup a company in UK by fulfilling the simple and convenient legal formalities in the country.

Setup a Company in UK: The Requisite Steps
Here are some essential steps to setup a company in UK:

• Decide the organizational structure of your proposed business.
• Choose an appropriate and, if possible, unique name for your company.
• Check the availability of the proposed name at the company formation regulatory agencies.
• After finalizing the company name, find a location for your company’s registered office.
• Formulate the objectives of the company, and the Memorandum and Articles of Association.
• Appoint the secretary and directors of the company.
• File form numbers 10 and 12.
• Submit all documents with the registration fee, as applicable.

Setup a Company in UK: Conventional versus Electronic Method
There are two methods of applying to setup a company in UK. These are:

• Conventional method – This necessitates the filling of forms and documents on paper, which is then submitted to the Companies House.
• Electronic filing – This is the more popular of the two, since it involves electronic filling of forms and submission to the Companies House. In fact, the new company is set up in a single day.

Setup a Company in UK: Popularity of the Electronic Method
The electronic filing method pronounces a convenient and quick way of establishing a company in the country. In this case, you do not need to submit Form 10. Also, all documents and forms are submitted in a digital format. The Companies House, responsible for company registration and record maintenance, authorizes several agents to aid new companies in filing for registration. This saves considerable amount of effort and time for company owners.

Company formation agents authorized by the Companies House provide several services related to the establishment of a company. For instance, they provide assistance in filing documents, in deciding organizational structure and company name and type, and suggesting promotional strategies. A reputed agent in the UK that provides all these services and more at reasonable prices is Company Formations 247. Visit the site and know more to benefit more.