Company formation and Company Registration for Getting Your Business Started the Correct Wayby Amber Dorsch Shelf Company Company formation, often times referred to as company registration, is the process of incorporation of a business or company. Incorporation means the forming of a brand new corporation, which is a legal entity recognized under the law. In most international law, a company or corporation is recognized as being separate to the business owners or he or she who may operate the company.
Companies are able to be created by almost anyone, including specialized, solicitors, or even accountants. Usually, people who are solicitors or accountants subcontract incorporations to other specialized companies’ agents. A lot of companies are registered electronically, in as little as one day. The task of registration is not nearly as daunting as it seems. Simple online research can help you to understand the process to where it flows much more smoothly.
The typical paper process of forming a company requires you to send in a number of different documents. You must send the completed forms along with the registration fee to specific Registrar of Companies. Without doing so, you are not legally eligible to set up your new company. This is the first step in the process and should be completed as soon as possible so that the opening of your business is not delayed.
The first form you will fill out is known as the Articles of Association, or more formally articles’. This sets out rules for running the company and the internal affairs that come along with it. Before sending the articles to the approved, the form will need to be signed by every party in front of a witness, who must attest the signatures.
The next form you will fill out is the Form IN01. This form contains all of the information of the intended situation held by the Office, and the details of the Secretary and Directors. It will also contain information about the subscribers, and, in the event that the company has shares and are limited to them, the details of the share capital.
The Memorandum of Association contains all of the names along with the signatures of each subscriber that wish to begin the company. However, you may also do this all electronically, using electronic processes which can be done using software. By using a registered account, you can simply look up a companies name and submit the company online. However, remember that different agents may have different registering processes to go along with their websites and software.
Created on Dec 31st 1969 18:00. Viewed 0 times.