Register Company – How to Register a New Business

Starting up a new company or purchasing an existing one is an exciting endeavour. However, it also requires a great deal of planning in advance of going through with this process. One thing to think about is getting your company legally registered. It’s important to follow all relevant UK legal procedures to register company names and information. This is because under company law, any companies or business are considered to be separate entities to business owners for taxation purposes. Even if your company consists of just yourself, it must be registered for this reason.

Although you can register company information on your own, most business owners choose to register the company with the help of professionals. There are numerous types of professionals that can help you with this process, including specialty agents, solicitors, and accountants. Choosing an agency is a wise decision, because they have the expertise to approach the registration issues from several different angels. This includes a financial and legal angle, tied up in a package deal. Whether or not you get help with your registration, you will have the choice of filing your documents electronically or through the post. Most will choose to file these online.

There are numerous benefits associated with filing online to register company information, including the fact that you can get approved on the very same day in most circumstances. By contrast, it can take up to four weeks to get approved when sending in paper documents. There are certain fees associated with registration, including the actual registration fee that you must send in with your documents. In addition to this, you can expect to pay a fee to your agency. If you choose to fill out the documents alone, you will need to pay for these to be notarized, which can work out to be the same as an agency fee.

It’s helpful to look at the actual documents that you must complete to register company or businesses. The first is the Articles of Association, which states the rules or procedures related to running your business’s internal affairs. Other forms include the IN01 and the Memorandum of Association, which include all of the details, names, and signatures of the members of your company. These forms are all simple to fill out, but to ensure that they are filled out correctly, it pays to use a professional agency or solicitor for any legal documentation.

 

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