What is Company Formation?

Company Formation is the legal process whereby a business is registered with Companies House, which is the Registrar of Companies in the UK. Company Formation can also be called company registration or incorporation. The business that is registered could be an existing sole-trader business that is to be restructured as a company or simply a new business that has never traded.

The Process of Company Formations

Registering a company is quite a straightforward process, especially if you use our online UK company formations service here at eformations. When you use our service you will be required to fill out an online application form with details of the company that you wish to register, this is then submitted through ourselves to Companies House for their approval. We make the process much simpler than using the registration services offered directly from Companies House at a smaller cost.

What do you need to form a Private Limited Company?

Before registering as a Private Limited Company you must have:

1.       A name for your company – this will be the registered legal name of your new company. The name you choose must not be the same as an existing company, so here at eformations we offer an online name check service so it is easy to see if your chosen name is available. It is a good idea to have a few names in mind, but remember to test them out before making the decision and make sure it is not too similar to another registered company.

2.       An Office Address – This will be the registered and therefore official address of your company. This address will appear on the public register of companies after you have completed to formations process. It is important to note that the address must be real and it cannot be a PO Box. The address must be in the same jurisdiction where your company is registered. You are allowed to use a home address however, as the register is public, people usually prefer to keep this information private and use a separate address.

3.       One Shareholder or One Guarantor – The legal owners of a company are known as ‘members’, you must have at least one shareholder or guarantor for your new company. These shareholders or guarantors can be individuals, or another company can hold those positions. There is no limit to the amount of shareholders per company.

4.       A Company Director – There is no limit to the number of individuals appointed as directors, but all directors must be over the age of 16. The role of the director is to manage the company’s activities and ensure that they are acting within the law. Another company can also be appointed as director however there must be at least one human individual director.

If you require any more information in regards to company formation services please do not hesitate to get in contact with our professional, helpful and friendly team by phoning 0208 232 5479.

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