Understanding Company Formation

Any company that is being newly incorporated involves great preparations and has to undergo numerous complicated phases and processes that are accountable for building a sound business foundation. This entire procedure that involves its development is known as Company Registration or Company Formation.

The different regions and areas have their own views regarding business law and it is by this virtue that the business owner should exercise prudence when planning a business and should take the local laws seriously so as to have a solid business that is not flawed. Many different types of businesses are developed 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 need to go over the process of company registration.

During some time, companies were registered through manual filling up of paper works and the different forms. It is only with the advent of high speed internet that it is now possible to accrue and process papers electronically through the internet. While going through the document process, the individual who has incorporated the business has to submit various paperwork along with a registration charge to the Registrar of Businesses. The paperwork include a memorandum of association, articles of association, form 10 and form 12.

One particular form that is conspicuously missing and different from manual filing is the so called Form 12, or statutory declaration of assets. To start electronic company formation, the consumer requires application that works with the Companies House e-filing service as well as an account with the Companies House. If these are unavailable, then the company's owner can use the services of a Company Registration Agent.

Obviously, the different company formation requires another type of procedure to undergo the process of incorporation. The Agent requires to be recognized by the Companies House and must have passed the integration testing phase. The Companies House has a list of all Company Registration Agents. Now, numerous service providers also have come up online that provide new corporations company formation services and company support.

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