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Company formation is a process of incorporating a business in the UK as a Limited Company. This process is also known as 'Company Incorporation' and 'Company Registration'.
Limited Companies can be formed by individuals, specialised agents, solicitors or accountants. It may take up to 4 weeks to form a company through the paper filing process. But if you have an urgent requirement for company registration, then you must contact RTRSupports Limited, they will help you to register your company in the UK within 48 hours.
There are four main steps involved in company formation. If you are curious to know about company formation for your studies or personal reasons, here are the four significant steps:
Step # 1 Company Promotion
This is the most critical step when it comes to company formation. A business comes into existence as a result of the efforts of an individual or group of individuals or an institution. The process of company promotion starts with the development of an idea and ends when that idea is converted into action.
Step # 2 Company Registration
There is a lot of documentation, paperwork, interactions with people, memoranda, statements, and other processes involved. Company registration brings a company into existence. A company is properly formed only when it is registered under the Companies Act.
Following are the important documents required to be filed with the Registrar of Companies.
- Memorandum of Association
- Articles of Association
- List of Directors
- Written consent of the Directors
- Notice of the Address of the Registered Office
- Statutory Declaration
Step # 3 Certificate of Incorporation
After all the necessary paperwork, the Registrar will issue a certificate known as the Certificate of Incorporation, it helps to confirm that the company is legal.
Step # 4 Certificate of Commencement of Business
After receiving the Certificate of Incorporation, you can now start operating your company.
For a private company, you can start operating your company once you receive the Certificate of Incorporation.
But for a public company, you can start operating your company only after getting the certificate of commencement of business.
For more information please watch the video below:
