Facts about Business Incorporation

Every business house aspires to become a corporation so that it is recognized by the law as a legal entity. The process of business incorporation is moderately easy and the authorization is recognized all over the world. The United Kingdom witnesses the registration of several companies and corporations every year. The year 2009 saw the establishment of 233,770 companies in the UK, while the previous year had witnessed the growth of 354,761 companies.

The following are some documents to be submitted to the Companies House for incorporating your business:

• Memorandum of Association
• Articles of Association
• Forms 10 and 12

Business Incorporation: Requirements
The following are an overview of the attributes essential for business incorporation in the UK:

• The company must have a director responsible for day-to-day operations and decision-making for immediate and future benefits.
• In a limited shares company, at least one shareholder is required. Often, this shareholder doubles up as the company director.
• A means to pay the business registration fee is required. You must submit at least £24.99 to Registrar. A debit or credit card is necessary for the purpose.
• The answers to the security questions, the director’s and shareholder’s signature is crucial. Some questions may be personal, but correct information is imperative.

Business Incorporation: Requisites for Offshore Companies
For offshore business incorporation, it is not important for the business head to be present in person. One simply has to submit an online application form and courier or fax copies of the required documents. Apart from this, the offshore company will also have to:

• Open a bank account in the UK
• Submit a clear copy of the driving license, passport or national ID to the agent of the registration enterprise so that the company has a valid evidence of the directors and shareholders they incorporated.
• Submit a Beneficial Owners Declaration or BOD informing the registration agent about the owner’s residence, career, current job profile and intended profile in the new organization.

Company Formations 24.7 is a company formation agent who has incorporated several business houses, and has aided them in deciding the name and structure for their businesses. So, if you too want to have your business incorporated, visit the agent’s website www.companyformations247.co.uk. The agent also offers attractive discounts and benefits for entrepreneurs who avail their services right now! Certain attractive benefits include opening a Barclays bank account and mailing of certificates of incorporation to the client.