Company formation, also called company registration, is the process of recognizing a company as a corporation, which means that it takes alone legal status that is separate from that of the people who own the business.
The process of company formation occurs quite rapidly in the uk. The fastest incorporation to occur on record survived only five minutes. While this is an extreme example, in most cases they are formed in an electronic format in the same day an application has been made. When filing for company formation through the paper method, the process can take about 註冊公司服務 a month.
A company can be formed by an individual, a solicitor, specialized agents, or accountants. In some cases, company formation may be outsourced to agents that are specialized in the subject. Most of these agents will do so for less than a hundred pounds.
There are ten types of companies that are eligible for company formation. These are Industrial and Provident Organizations, Companies Restricted to Guarantee, Limited liability partners, Limited partners, Public Limited Companies, Private companies restricted to shares, Unlimited companies, Societas Europaea, Regal Charters, and Community interest companies. The foundations that govern every type of company will vary, and the choices between each of these options will be based on upon the intention of the business as well as the business strategy.
Filing In an electronic format:
To apply for company formation in an electronic format, it is necessary to use software that is best with the companies House eFiling service. It is also necessary to have an account set up with Companies House. Agents who specialize in company formation have direct access to Companies House, letting them in an electronic format look up the name of the company and submit it. Each of these agents has a different process for submitting a business for company formation, but all legitimate agents have been approved by Companies House via a process of integration testing.
Filing Through the Paper Method:
To apply for company formation through the paper process, a business must submit three documents to the Registrar of Companies, along with a registration fee, according to the Companies Act of 2006. The first document that must be submitted is the Articles of Association. This document, which is sometimes referred to simply as “the articles, inch explains what the interior rules of the company will be. The document must then be signed by the prospect in front of a experience. As of 2006, it is now possible to submit without the Articles of Association. If this option is chosen, the business will issued the default articles.
The second document that is submitted in the process is Form IN01. This provides the Registrar of Companies with information about the intended location of the business, that is Upper Ireland in europe, The united kingdom and Wales, Scotland, or Wales. It will ask for information about the Secretaries and Owners as well as the subscribers. It will likewise ask for information about the amount of capital invested in the business through shares, if any. The form also requires a Statement of Complying stating that all requirements of the Companies Act have been met.
The third document that must be submitted in order for company formation to occur is the Memorandum of Association. This document is simply a list of the names and signatures of all subscribers who wish to form the company. If the company will be restricted to shares, the subscribers must also claim that they agree to buy at least one share each. The companies House website gives a template for this form.