The Procedures Involved In Company Formation
Company formation is the process of incorporating a new company. Some people prefer to name it registration. The people planning the process ought to be alert so that they can come up with a successful job. It gives you a sense of financial security and sense of self-employment when you decide to form a company. You must have enough knowledge about company formation before you start the process. For you to have an easy task in company registration you need to put some factors in mind. Its recommended registering the company as a limited company.
Limited companies do not face the challenges of financial status. Once your company is a limited one, your shareholders and the directors working for you will be at peace with financial security. You must name your company for you to register it. The title of your company should be unique and should not be similar to any other company’s name. Find out from the registration office if the name you have chosen has been used before. Make sure you make your companies name attractive to potential customers and make them want to buy from you. Your firm is not a commercial one you need to register it under the no-profitable companies
If you offer charity services register it under the charity list. Registration fee is a crucial factor you need to put into consideration which is taken to the authorities to approve your company formation. One of the steps in registration is the filling of registration forms. The next step is prepare the forms of association by the help of your lawyer or your formation agent company.
You still need to fill all the documents that ask about your companies information. The information may include; Information about the shareholders’ rights, your company’s’ permanent physical address, the powers of your directors and the company secretary address. You cannot complete the registration if you do not have not filled the documents.
Your lawyer might not have all the abilities and knowledge to handle the registration process, then you should hire company formation agent. The agents are qualified to help you out with company registration. Look for an agent with experience in company formation. Their reputation must be commendable so that they do not mess up your registration.
Ask your friends with similar businesses or other business about the best agent to work with. Some agents will only require you to register your company through the internet. They can even guide you on the registration process through the internet. If you are stuck with choosing the right title they are there to help. Through the internet they will get a suitable name for your new company.