Thursday, February 11, 2010

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.

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