An Introduction To Company Formation
- Date: 2007-08-25 - Word Count: 313
Share This!
Any company that is being newly incorporated involves tremendous planning and has to go through various complicated processes and phases that are responsible for building a sound business foundation. This entire process that involves its incorporation is called Company Formation or Company Registration.
The laws in the UK and a number of other international laws view the company that is being incorporated as a separate entity, different from the person who has started it or who owns it. Many different types of companies are incorporated in the UK each day, like public limited company, private limited company, unlimited company, limited liability partnership, limited partnership, royal charter, community interest company and many more. All these companies have to go through the process of company formation.
In earlier days all the companies were formed only on paper, but these days most of the company formation process takes place electronically, via the Internet. While going through the paper process, the person who has incorporated the company has to submit various documents and a registration fee to the Registrar of Companies. The documents include a memorandum of association, articles of association, form 10 and form 12.
The electronic process differs with the paper process in just one way; no form 12(i.e., the statutory declaration) is required. To initiate electronic company formation, the user requires software that is compatible with the Companies House e-filing service and an account with the Companies House. If these are unavailable, then the company's owner can use the services of a Company Formation Agent.
Different company formation agents adopt a different procedure to incorporate a company. The Agent needs to be recognised by the Companies House and must have passed the integration testing phase. The Companies House has a list of all Company Formation Agents. Now, a number of service providers have also come up online that offer new corporations company formation services and business support.
The laws in the UK and a number of other international laws view the company that is being incorporated as a separate entity, different from the person who has started it or who owns it. Many different types of companies are incorporated in the UK each day, like public limited company, private limited company, unlimited company, limited liability partnership, limited partnership, royal charter, community interest company and many more. All these companies have to go through the process of company formation.
In earlier days all the companies were formed only on paper, but these days most of the company formation process takes place electronically, via the Internet. While going through the paper process, the person who has incorporated the company has to submit various documents and a registration fee to the Registrar of Companies. The documents include a memorandum of association, articles of association, form 10 and form 12.
The electronic process differs with the paper process in just one way; no form 12(i.e., the statutory declaration) is required. To initiate electronic company formation, the user requires software that is compatible with the Companies House e-filing service and an account with the Companies House. If these are unavailable, then the company's owner can use the services of a Company Formation Agent.
Different company formation agents adopt a different procedure to incorporate a company. The Agent needs to be recognised by the Companies House and must have passed the integration testing phase. The Companies House has a list of all Company Formation Agents. Now, a number of service providers have also come up online that offer new corporations company formation services and business support.
Related Tags: offshore company formation, online company formation, company formation, company formation uk, uk limited company formation, company formation agent
Derrick is an experienced writer and an expert on company incorporation laws and policies in the UK. Presently he is been writing on topics like company formation and online business solutions for companies House Online. For more information please visit Company Formation Uk Your Article Search Directory : Find in Articles
Recent articles in this category:
- The No. 1 Rule For Projecting Confidence - Speak With Authority
One of the most important characteristics a person can project in a business setting - or any situat - After the Autumn Checkout European Debt Crisis and U.S. Brewing Rebound
In the commotion caused by the Fed on interest rates come to an end, the "disastrous" for the euro a - Advantages Of Arcade Game Rentals
There are many different advantages to arcade game rentals. Most people need something to release th - A General Primer on Truck Cargo Nets
In modern highways it is quite rare to see truck cargo nets in action, this is because they are usua - The United States Will Burst More Severe Financial Crisis
Not long ago, suddenly announced that the central bank to raise interest rates, the interest rate hi - Niche Marketing Profits - 3 Easy Steps to Finding a Profitable Niche Market Income in 10 Minutes
Like most beginners I was having a very difficult time trying to find a niche market to earn extra m - The Importance of Hospitality Management Consulting Firms Toronto
Businesses and the managers that help guide any business are in a constant state of improvement and - New Keynesian Theory Label
2010 winner of the Nobel Prize in Economics three theories have been labeled as "New Keynesian" labe - Federal Reserve Pouring Money QE2 Unpredictable Fortune
U.S. economist Milton Friedman proposed a "throw the cash from a helicopter" view, while the practic - Fiscal Consolidation Should no Longer Delay
British Chancellor of the Exchequer George Osborne today announced fiscal consolidation policy, shoc
Most viewed articles in this category:
- Common Financial Problems to Avoid
One must first change their habits and not procrastinate. American Consultants Inc at offers key fi - How a Bad Hire Can Hurt Your Business
What's worse - hiring the wrong person or not hiring anyone at all? Companies can become almost des - Joel Comm Is Dr. Adsense
What is Adsense? If you are new to making money online and net marketing, you may not know what Ads - 5 Steps For A Dynamic Wealth System Online
Recipe: Opportunity + knowledge + Dynamic Wealth System + Your Action = Massive Success!!! Step 1 - How To Stop Foreclosure
Losing your house to a foreclosure can be very scary. There are times when circumstances are ou - How to Always Pitch A Strike
As business owners, we are always working on new ways to convince people to become customers, client - Membrane Diffuser Solutions for Wastewater Treatment Systems
In the aeration basin of a typical wastewater treatment plant there are both organic and inorganic m - Another Year Hating Your Job or Loving Life?
Copyright © 2007 Mary Foley I've come to the conclusion that to be successful - really successf - Dyestuff Industry In India And China
World demand for dyes and organic pigments to touch $10.6 billion in 2008According to a study on dye - Cma-cgm Case : the Series of Lawsuits Continues in Syria, Lebanon, Egypt, France, England and the United States
Damietta company case : The series of lawsuits continues in Syria, Lebanon, Egypt, France, England a
