How Is The Company Formation Process Done?

The establishment of a company is likely to face unforeseen challenges each step of the way. Don't form a company with people who do not know how to go about the whole process. Recognize your specific needs for starting a company, whether they are domestic or international, and whether the online Company Formation that you are planning is small or extensive. A company formation agent(s) provides specialized services for your business needs. You achieve your objective by realizing the full potential of your financial assets and making optimum use of them. The whole process of forming a limited company goes through a series of steps. After a brainstorming session to choose a name, the registration process is the next critical step. Of all the places in the world, the United Kingdom is the easiest place for company formation.

Once the name is decided comes the task of getting it approved by the concerned Registrar of Companies also called ROC. You can submit a choice of names and the ROC will respond within a few days on the availability of names. A person seeking to start a new company can submit up to 6 names at a time. Next comes the drafting of the Memorandum of Association and Articles of Association. The Objective clause deals with the objectives of the company. Once these are done, they are formally drafted and printed to be sent to the ROC for their perusal, and objections or suggestions if any are noted. A stamp is affixed to the documents and sent to the register. In addition, these documents contain information about the appointment of important people within the company.

The whole process of company formation in the UK takes less than a three-week period. The last step involves paying the registration fees and the company is finally registered under the Companies Act 1956 and gets its unique identity. Your company formation agent will also help you with acquiring the company seal and other relevant things like permanent account numbers. You can get the ltd company formations process done electronically too. The process is much faster, but you will have to make a physical presence once or twice before the whole process is finalized. Here are some of the documents that you can send in a.pdf format via email for online company formations.

The Electronic Memorandum of Association and Articles of Association, The Electronic Certificate of Incorporation, The Minutes of the First Meeting Conducted by the Director, preferably in MS Word document, and lastly, details regarding the share certificate and company register. There are several online Companies Formations agents in the UK that have years of experience and many successful formations to their credit. They have established a name and reputation, enough to dispel any suspicions. By carefully monitoring their information systems, they are in compliance with the Companies Act, 2006 and Companies Act, 2008. As per the Due Diligence requirements, the online documents should be supplemented by postal documents sent within a period of 14 days. The documents should contain all the valid proof needed to establish your identity and proof of address.