In the United Kingdom, a company can be
formed by a single person, a group of people, specialized agents or
by solicitors. Most companies today are registered via the Internet.
However, the process of business
registration involves a lot of paperwork, where
applicants need to collate a number of documents. Following this,
entrepreneurs have to register their business with the Registrar of
Companies for a standard fee of £20 and £50 for same day
registration.
Interesting Facts about Business
Registrations
Here is some essential information for
entrepreneurs on business registration/s:
Form 12 is a constitutional
declaration stating that the information filed in support of an
application for incorporation is genuine. This declaration allows
trial under the Perjury Act for anyone making false statements.
Any addition or subtraction of
information in Form 10 will lead to the refilling of Form 12.
The process of filling up Form 12
can be circumvented in the electronic method.
Section 157 of the Companies Act
2006 was implemented on October 1, 2008. This created 16 years as
the minimum age limit for being appointed as the director of a
company.
The subscriber or the agent has to
sign the Memorandum of Association, the Articles of Association and
the forms. The agent’s signature attests to the fact that they, as
representatives, consent to the individuals appointed as directors.
The Companies Act states that
company officers have to mention their private home address. They
are not allowed to present their corporate address or PO Box number
unless the office address is validated by the Royal Mail.
The Memorandum and the Articles of
Association can be bought from a legal stationer or formation agent.
Role of Agents in Business
Registrations
Hiring agents for the purpose of
business registration is crucial because:
Business formation or registration
is a time-consuming and expensive process. It is especially so for
the novices. Registration agents can relieve you of all the stress
and hassles.
An experienced agent can guide you
in business formation – on starting and running a company,
choosing the right structure, registering with a unique name.
Agents can also help their clients in
deciding the business structure. Whether you plan to set up a big
business or a small one, www.companyformations247.co.uk
is the best place for you to approach. You can be assured of
receiving the best advice at the most reasonable rates.
Register
a Business Name
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