Company Formation Made Easier
Company formation is widely known as incorporation. A company cannot function until it is incorporated at Companies House. One or more persons can form a company for any lawful purpose by fulfilling all the legal requirements. In the eyes of the law, a company is a separate entity from the individual who owns it.
To form a company, one has to first choose a name for the company that has not already been registered. Today, a company can be formed within a day’s time by the internet and with the assistance of agents who provide various sets, such as preparing the paper work, at moderate prices. This fee excludes the cost of preparing the memorandum of association and articles of association, which is usually done by a chartered accountant or a lawyer.
All companies incorporated in the UK are registered under the Company Act of 1985 (Section 10).
Company Formation: Documents Required
Memorandum of association: This document mainly specifies the relationship of the company with outsiders, such as clients, government bodies, etc.
Articles of association: This is the document that sets the rules for carrying out the company’s internal matters and processes.
Form 10: This gives the details of the name and address of the director, secretary and stated address of the registered office. It also contains other mandatory details and signatures.
Form12: This is a mandatory declaration, consisting of all the legal requirements regarding company formation.
The electronic course of action is the fastest way to form a company, as compared to the offline course of action. There are basically two ways of filing an application, electronic filing or paper filing.
If the application satisfies all the criteria, the company is registered. Using electronic filing, incorporation can be completed same day if all the documents are correctly filled and the hypothesizedv company name is obtainable. The company gets registered and a certificate is issued. In case of electronic registration, the certificate issued is also electronic. The company formation documents are sent to Companies House and are placed under certain checks. If all the documents are found appropriate, a certificate is issued and displayed on the public records for inspection.
Remember, while choosing an online agent from the multitudes obtainable online, ensure that you choose someone who is credible and has a track record of satisfied customers. With 25 years of experience in this arena, A1 Company sets Limited is one of the most trusted online registration agents with great experience. To know more about the sets offered, visit the website today.