This guide to company formation is intended to assist with the first step towards defining the structure of an enterprise so that it is incorporated quickly and easily by the relevant authorities. This process will result with a new company formation that is considered a separate entity from the entrepreneurs who set it up or those working in the business. The offices responsible for incorporating companies are subject to the local government regulations therefore, it is important to seek reliable advice and assistance to ensure the right steps are taken.
Digital Company Registration
The web submissions for company registrations are gaining ground internationally. Digital incorporation methods offer a comparatively time-efficient and trouble-free process. The necessary paperwork and the documentation should be submitted through a licensed company formation or registration agent. Company Formations Worldwide utilise efficient software solutions to submit digital company formations on behalf of our clients. Our turn around time for new company formations in countries that embraced digital methods is second to none. For example, Irish companies can be formed within just 2-3 business day and in the UK most companies can be formed in just a few hours. The processes in other countries are not as progressive yet, but in most many cases we incorporated new companies remotely, without the requirement to travel.
Company Types
Previous to company registration, an entrepreneur must resolve the nature and organization of his business. A company can be registered as:
- Public limited company (PLC)
- Personal limited company (Ltd, Limited)
- Limited legal responsibility partnership (LLP)
- Limited partnership (LP)
- European economic curiosity grouping (EEIG)
- Limitless company
After the company type is confirmed, a company name must be finalized. An entrepreneur should not use restricted words that require additional paperwork, such as:
- Bank
- Building Society
- British
- National
- International
- Group
- Holdings
- Chambers of Commerce
Company names should reframe from words that indicate or reference the Queen, Royal household, Parliament or Government.
Why use a Company Formation Agent?
Company formation can be accomplished shortly and effectively with the help of local brokers or agents. The following steps are generally required for all justifications:
- Confirm the provision and appropriateness of a company name
- Prepare paperwork, including the Memorandum of Association and the Articles of Association
- Help select the registered office
- Prepare and finalize a deed of partnership in the case of Limited Legal responsibility Partnerships
- Help in appointing administrators and secretaries
- Register for VAT or Corporation Tax
This article is only a general guide and does not constitute legal advice. Please Contact Us to speak with an agent and request Company Formation Guide that is specific to your country of choice.