Company,Incorporation,Tips,App business, insurance Company Incorporation Tips
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Approximately 300,000 companies are setup in the United Kingdom each year. April 2010 saw 32,146 companiesbeing incorporated. The UK has room for every entrepreneurialambition to take flight. The laws of the land supports companyincorporation and the political stability of the country facilitatesrapid growth. However, there are certain essentials to be kept inmind before starting a new business.Company Incorporation: ImportantConsiderationsThe following are some vital tips andrequisites for company incorporation:Type of company: Thereare four types of companies. Therefore, before registering yourcompany name, you have to decide on the type of company you want toregister. The types are:Private company limited by sharesPrivate company limited byguaranteePrivate unlimited companyPublic limited companyThere are Community Interest companiesor CICs, which can be registered either as private or publicbusinesses.Appoint officers and secretaries:Company incorporation first requires the appointment of director/sand a secretary (optional). Private companies have to appoint adirector but do not compulsorily require a secretary. An officer ofanother company can double as the director of a new company but forregistration purposes, the new company requires an individualdirector. Public company necessitates two directors and a secretary.Decide the companys name:It is vital that you the name you choose for your company is uniqueand relevant to the scope of work. Uniqueness is of great importance,since Companies House will not accept those names that are eitheridentical or remotely connected to some other company. This rule isapplicable to both sole traders and partnerships. Before filling upthe documents for registration:cross check the names of companiesalready registered at the official website of Companies House(www.companieshouse.gov.uk);check the UK Intellectual PropertyOffice Trade Marks Register to make sure that the company namedecided upon does not violate any existing trademark;check the Company and BusinessNames Regulations 2009 to ensure you have used the appropriatecharacters and punctuations;seek prior approval in case thename implies even an indirect association with Her MajestysGovernment, or a devolved administration, any local authority or anyspecific official bodyYou can do all of this on you own orsimply handover the responsibilities to areputed agency.CompanyFormations247.co.ukis one of the most preferred namesin the industry. They havecreated a name for themselves because of their expertise as well asthe packages that make company incorporation hassle-free andcost-effective.
Company,Incorporation,Tips,App