Know What you Need to Form a Company
You can form a company in two ways: either you can do it personally or you can assign the responsibility to some service provider agency. Both the ways of establishing a company have their own benefits. Here all the steps necessary for the formation of a company in the UK are discussed.
First of all, have a look at the documents you have to furnish with the Companies House to establish a company in the UK. There are altogether four documents to be provided: Form 10, Form 12, Memorandum of Association, and Articles of Association. The first one is related to the situation of the Registered Office. This is basically an address used for the official correspondence of the company.
This office should be in the authorized places in England. If the company is in Wales or Scotland then the office should be within the jurisdiction of these places. The details of consenting Secretary and Director(s) are also included in the form. The next form necessary to form a company is Form 12. It is concerned with the declaration of Compliance with the Companies Act 1985 in respect of the registration.
As per company law in the UK, This form should be signed in the presence of a Solicitor, Commissioner for Oaths, Notary Public or Justice of the Peace. This can be done after the Memorandum and Articles of Association have been completed. The next step you need to take care of to form a company is Memorandum of Association. It states the company name, the objects of the company and its Liability.
Then you have Articles of Association to take care of in order to form a company in the UK. It is concerned with the internal management affairs and running of the company. All the subscribers to the shares are bound by law to sign this. Now, you can consider whether to take care of all these things personally or get it done by an agency.
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The Author is an experienced writer presently writing on topic like Company Formation UK for taking business services to establish a company.
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