If
you have decided to set up a
company of your own, the first thing you should know is how to
register it properly.
If you have decided to set up a company of your own, the first thing you should
know is how to register it properly. It is this registration procedure that,
when done properly, will make sure that your company is treated as a legal
entity. Read on to find some tips on registering your company properly.
Choose
the name: Once you have decided on the name of the company, confirm
through the registration offices whether the name is available. If someone
else has always registered the name, you will not be able to use it. Note
that the type of your company will also play a role in the selection of
name. For instance, you can’t have two companies in the same region named
Acme Pvt. Ltd. But if you have an Acme Pvt. Ltd. and an Acme Corporation
Ltd. in the same area, it is perfectly acceptable.
File
the docs: The next step would be to fill out all the necessary documents. Prepare
the Memorandum of Association and the Articles of Association documents.
These two docs must be prepared correctly and filed with the registration
office in your city.
Fill
out the forms: The next step would be to fill out certain forms that will
state the nature of your company (Limited, Limited Partnership, Sole
Proprietorship, Non-profit, etc.), the rights of the shareholders, the
powers that the Director(s) will have, the physical address of your
company, the address of the Company Secretary, and so on. In case you are
establishing an LLC (Limited Liability Company), these forms will also
contain the date of dissolution of the company. The names and official
numbers of the forms vary from country to country. Consult your local
registration office for more details.
Pay
the fees and file the receipt: After you pay the necessary fees to the
registration office, you will get some document stating that payment of
the fees has been done. You may have to file a copy of this document to
the registration office as well. Ask the office personnel for more information
regarding this.
Registering a company is a tough job, but once done
correctly can be your greatest weapon against a lot of legal hassles. If you
can do it properly yourself, it is just fine. But, if you are unsure about your
knowledge depth regarding the same, hire a good lawyer or formation agent and
let them take care of the procedure for you. Visit us at http://www.a1companies.com
As part of one of the UK’s
largest company registrationagents, with 25 years experience, Company Formations 24.7 offer a fast,
straightforward and professional service and have tailored three great company
formation packages.
