Are you an entrepreneur dreaming to blow the market with your killer business idea? For this, you need to register your business first. If the business is not registered, it doesn’t have any legal entity. The first and foremost step to a successful business is to register the company under the provisions of U.K Law. As business registration involves lots of complex processes, it is always recommended to hire a Company Registration expert in UK for a better service. In this blog, we bring seven basic steps to follow to register your business successfully in the UK.
Choosing the company structure
First of all, you need to choose the business structure. Most of the companies are known as ‘private companies limited by shares. Choosing the right business structure is essential to manage your tax. For example, as a company director, you may draw income from the company’s total income. Thus, you may limit the income tax.
Registering the company name
Before registering the company, you need to make sure if the company name is available. Suppose, you choose a company name that is already registered, you may face difficulties in the registration process. However, while choosing the name, make sure that it is well-researched and business-oriented.
Determining the company formation package
Next, investors need to choose the company formation package. According to Company Registration experts in UK, there are initially four types of company formations i.e. E-Formation, Essential, Entrepreneur. You may choose from any of this basic package. However, make sure to discuss this with your consultant.
Filling up the company information
Remember that all the information you provide will be made publicly available. Usually, the company house demands for:
● The address of the Registered office
● The name and details of Company directors
● The name and details of Shareholders
However, the company house and HMRC send all the mail to the registered address of the company in the UK. So having a valid address is paramount. You can even use the address of your residence if you don’t have a valid company address. To learn more, feel free to consult us.
Allocating the company shares
According to the Company Registration experts in the UK, you need to allocate the shares to each shareholder to run the registration process. However, if you face problems in allocating the shares, allocate each individual share worth £1.
The Memorandum and Articles of Association
The Memorandum and Articles of Association give legal rights and determines the formalities of how your company will run. All the documents need to be signed by each director and shareholder.
Submitting everything in the company house
On the same day of registration, you need to submit all the documents under the companies house by 3 PM.
The above-mentioned is an overview of the seven simple steps to register your company under the UK Government. However, if you want to hire an affordable company registration expert in UK, feel free to contact eLegal Consultants. We have the best team of Company Registration experts in the UK. We also offer all the legal services required to run a company. Contact us to learn more.
