If you plan to register a company in the UK you will have to first come up with some standard information such as your business name and your chosen business address, the details of your Managing Director and your Company Secretary, your shareholder details and information revolving around the aspect of payment, both to and from the company. For your consideration, there are six types of company you should consider creating; a private company limited by shares, a private company limited by guarantee, a private unlimited company and a public limited company (PLC). While it is relatively easy to register a business yourself, it is probably wise to hire a formation agent or accountant just to ensure that you are doing the right thing. In order to start this registration process, you should to the Companies House website. Once your business is registered through Companies House, it is said to have been incorporated.
In order to register a company in the UK, you must first have a company name, as mentioned previously. Of course, great care has to be taken when selecting your company name as this will affect your company image. Certain rules prohibit the use of some names, though some can be used if official permission is sought. In order to register a UK limited company, there are some other requirements to consider. You must have at least one director and all directors must be over sixteen years of age. You must have an address registered somewhere in the UK which will be used for all forms of communication and correspondence. The company has to have issued at least one share upon its creation.
Companies House contains all information for UK registered companies. There are certain documents you must supply when you register your company at Companies House and these documents normally have to be supplied on an annual basis. These documents include an IN01 application form (that includes the information asked for above, such as registered address), a memorandum of address (this is evidence of a person’s subscription to at least one share in the company), articles of association and additional information (these are a company’s internal rules and regulations as stipulated by its own members).
Again, it is often advisable, when you are starting your own limited company, to hire someone to carry out the registration process for you for a fee, as it will be carried off without a hitch and will ease the burden that lies on your shoulders, giving you more time to attend to other pressing matters regarding your up and coming company.