Company Registration Explained

When you decide that a company structure is what suits your business best, the first thing you have to do is register your company. Different countries have different policies when it comes to company registration. In the UK, there are a number of business friendly, transparent systems in place to encourage the formation of new businesses. Due to this, the UK sees approximately 440,000 new company registrations every year. Till date, surveys suggest that there are more than 2.6 billion registered companies in the UK. nnYou do not need special permission to set up an office in the UK. But there are certain regulations that must be followed regarding the use of business names, licenses and authorization. This is more so in case of certain sectors like defense, oil exploration and finance. In the UK, the Company’s House is the government organization that coordinates the registration and administration of businesses. nnBefore you register a company, you have to decide on the name. Check the availability of the name. Then, you have to decide who the directors are. You will also have to provide specific information about the registered offices of your company. Company registration in the UK is impossible without a registered office address. This address is the official address to which official notes, letters and reminders will be sent by the HMRC and other offices. This address cannot be just a Post Box number. In stead it should be an address which allows the deliveries of all legal papers. To speed up the process of formation of your company, it is necessary to deal with all official correspondence promptly.nnBut what would you do if you were working from home, and did not have an alternative office address? Or if you want to protect your company address from exposure to public viewing which generally attracts hordes of junk mail and spam? Or, suppose you are an overseas resident who wants to set up an office at the UK? In case a physical address is not available to you in the UK, you may use the services of a reputed Company Formation Service. These services provide your company with a registered office address and mail forwarding service. nnUsing such a service protects your privacy and identity. When such an address is used along with your trading address, it also enables you to give off the impression of being a multi-location business. nnOnce you have a physical address at the UK, you will need to download a number of forms from the Company’s House website. You will have to fill in the forms, memorandums and articles and get it signed by the secretary and the directors of your company. Once everything is submitted, the process takes about a week or ten days. nnAs you can see, although the process is not complex, it does take some getting used to. Also, it is easy to take the wrong step and end up with unnecessary delays. If you want to form and register your company in the quickest time, it is better to use the services of a company that has vast experience in registering companies. Several online services allow you to order their services through the Internet. This allows for fast electronic company incorporation. With services such as these, company registration couldn’t be easier! n