Business Registration Process - Authenticates company formation

 Business Registration Process - Authenticates company formation

If you have consumed hours of time deciding business idea and invested lot of funds in developing business plan, it doesn’t mean that you are ready to incorporate business. Your company existence will be only authenticated if you follow rigorous process of registration and meet all the criterias formally. The registration authority will scrutinize every nuance of your business and even assess your business prospect. Following are the steps in registration process companies must follow in UK.

Naming the company: Your business name states what your business is all about, it is how other people remember you, and your service or product. It Is the name you answer on phone, it’s what people see you on cards and advertisements. It’s how your business is portrayed and gets recommended to other people or other companies. Your company name is going to create brand name for you and industry will know you by that brand name only. You invest money, time and lot of efforts in building a name, which should not get copied deliberately or through ignorance. So make sure that your company name must pass the entire Intellectual property tests, which consist of copyrights, patents, trademarks and industrial design.

Registration documents and forms: It is very necessary to fulfil all the formalities related with documentation process to avoid further objections and legal hassles. The first document involves application form IN01 to register a company, which consists of information regarding statement of capital and initial shareholdings, company’s registered office and names and addresses of the company directors. Memorandum of understandings is more like historic document but must for registration, which includes names of the subscribers and shareholding pattern of the company. The most important document to be submitted is articles of information which involves information regarding how the company will operate and run, it also states about shareholders rights and obligations.

Register the business:One of the important things is to decide the legal format of the business. It should be partnership, sole trader or limited company. In order to set up limited company in UK you must have an agent acting for you, who will take care of all the formal proceedings on your behalf. Registration house will issue a Certificates of Registration, which will meet requirements of the section, 1200-1206 Companies act 2006. This makes sure that you formally registered as a company and ready to start a business.

Registration process converts a business into legal entity called company, which is responsible for its own decision and actions. Even if the registration process of business is tedious and time consuming, it is the way every company has to pass through. It permits companies to do business under legal boundaries and also make them free of hassles related with future legal transactions.

 

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