There are several different types of business. Which one you choose will depend upon the specific requirements of your business. Some businesses may find that becoming a company gives them more benefits, while for others it could be the only way the business can run.
There are different ways of registering your company. For each you will need certain information about your company to hand before you start. Before proceeding to register your company you should first check that your intended name has not already been taken. This can be done online, or your Formation Agent can do it for you.
When you decide you want to start a company, there are three ways you can go about it.
Using the Companies House Web Incorporation Service
All new companies are registered with Companies House, whether you do it yourself or using a Formation Agent. The Web Incorporation Service allows you to provide Companies House with the information they need to register your company online. You will need to supply various details about your new company, such as the company’s name and its address, information about the officers, and shareholders.
Sending paper forms direct to Companies House
You can complete the required information and post it to Companies House. Along with your application to register a company, you will need a Memorandum of Association containing information of the subscribers who are starting the company and the shares that they are taking, and Articles of Association, which are documents concerning the running of your company. You can use the standard Model Articles if you wish, in which case you do not need to file these.
If you choose to use paper forms to register your company, make sure all the details are filled in correctly and that no information is missing. Missing or incorrect information could cause your application to be rejected by Companies House.
Using a Formation Agent
A Formation Agent is a professional person or company who deals with the registration of your company on your behalf. A Formation Agent understands the legal and financial sides of company registration, so you can be sure that your company is being set up correctly, without any omitted information.
Many Formation Agents will also provide you with advice and guidance upon your rights and responsibilities as the director or shareholder of a company. This way, as well as getting your company registered, you can gain a greater understanding of what you need to do in future in order to run your company effectively and within the current regulations and laws.
Forming your company
Registering with Companies House is a big step for your business. Using our Company Formation service you can ensure that all the required information is filed correctly, and have any questions answered about the running of your new company. We will also provide you with advice on your responsibilities as a company director. Contact Watkinson Black today to buy your new company.