The majority of business owners are afraid that forming their own Limited Company will be expensive, both financially and in terms of the additional work required to meet their statutory requirements.
The actual financial cost required for forming a limited company in the UK depends on the type of company you want to form and how you choose to incorporate your business with Companies House.
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The quickest, and most efficient way to start your own limited company from a time-management perspective is to work with a company formation agency like RTRSupports Limited. It is one of the most reputable company formation agencies in the UK with a professional team. Its formations service includes the required Companies House filing fee, and it can handle all of your submission requirements. Its applications are processed quickly and smoothly as it is aware of all the information you must provide to Companies House.
Also read: How to open a company in UK?
You can form your limited company yourself through Companies House, but you should be aware that your application can be rejected if you make any mistake or do not provide enough information or the correct information. If Companies House rejects your application due to errors or omissions, the filing process can take even longer. The process of fixing any errors and resubmitting your information may then take a huge time.
Many business owners are also unaware that forming a company on their own might take more time than doing it with the help of an agency as it can process your registration without any problems and deliver it on the same day. But filing by yourself may take between 2 and 10 working days.
Also read: Steps for UK Company Formation for Non-Residents
As a result, you can save a lot of time, effort, and stress by using professional company formation services instead of trying to figure out how to fulfil all the requirements yourself. Also, using an approved agent can be less expensive than filing through Companies House directly.