Company Formation

Company Formation:

Setting up a Limited Company is quite straightforward with a wide choice of COMPANY FORMATION agents to choose from. Although all companies are registered with the Registrar of Companies it usual to use the services of an approved COMPANIES HOUSE registration agent. However if you are thinking about setting up a limited company to run your business it is important that your company is registered with the appropriate structure for YOUR CIRCUMSTANCES. Things to consider include:

• The number and type of shares the company will have;
• How many shares to allocated on incorporation of you business;
• Amending the memorandum and articles of the company on matters such as voting rights and the rules for declaring a dividend;
• Choosing the right Company Formation agent to register your business;

Another option is to buy a READY MADE COMPANY sometimes called an OFF THE SHELF COMPANY. Although purchasing this type of company can be the fastest way to obtain a company number, the company will already have the share structure in place. Changing this structure will be a slow process and significantly more expensive than setting up a limited company to your exact requirements in the first instance.

Companies Formation references:

For a list of approved Companies House Registration Agents see:
http://www.companieshouse.gov.uk/toolsToHelp/formationAgents.shtml

For an overview of the role of the Registrar of Companies see:
http://en.wikipedia.org/wiki/Companies_House

For contact details of the Registrar of Companies see:
http://www.direct.gov.uk/en/Dl1/Directories/DG_10012314