The legal conditions for forming a Limited Company in the UK are:
- A registered office address must be a UK address and can not be an address for PO Box.
- You must be able to receive postal mail at your registered address.
- It must have at least one director and one shareholder (who may be the same person but must be over 16 years old in both cases).
After you have formed your company online, Companies House will need to approve all your business details.
You'll get an email stating that your company has registered in the UK. This email contains your unique company number and documents related to your business. Also, it includes:
- A Business Certificate,
- A Certificate of Sharing,
- Memorandum of Association, and
- Business Reports.
As soon as your company obtains incorporation approval, you can start your business. A public company can start its business only after acquiring the 'business startup certificate.'
Once the company obtains the incorporation certificate, a public company publishes a prospectus for allowing the public to subscribe to its share capital.
Once the right number of share transactions has been done, a certificate is sent to the registrar along with a letter from the bank indicating the money that has been earned.
Then the registrar checks the records. When he is pleased, he will grant a certificate known as a 'Business Start Certificate.' It is conclusive proof for a business startup.