There are many things to consider when registering a company. Every country has a different procedure that the applicant must follow to register a company. This article will discuss how long it takes to register a company in the UK and the cost and benefits of doing so.
What is a Registered Company?
A registered company is a legal entity that has been incorporated following the Companies Act. It is a separate legal entity from its shareholders and has limited liability. A registered company can conduct business, enter into contracts, own property and employ staff.
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How Can I Register My Company in the UK?
If you’re looking to register your company in the UK, there are a few things you need to know. First, you’ll need to decide on the legal structure of your business. Several options are available, including sole proprietorships, partnerships, and limited liability companies. Once you’ve selected the proper system for your business, you’ll need to choose a name for your company and register it with Companies House. You’ll also need to obtain a registered address, appoint directors, and open a corporate bank account. The entire process can take a few days to a few weeks.
How Long Does it Take to Register a Company in the UK?
Incorporating a company in the United Kingdom can take as little as 24 hours if you use an online incorporation service. If you choose to do it yourself, the process may take longer, but it’s still not complicated. Here’s a step-by-step guide to incorporating a company in the UK.
- Choose your company name. This should be done carefully, as you will not be able to change your company name once it is registered. Check to make sure the name is not already in use and that it complies with the rules for naming a company in the UK.
- Prepare the necessary documents. You will need to prepare several documents, including articles of association, a memorandum of association, and forms 10 and 12 (which are available from Companies House).
- File the documents with Companies House. Once you have all the required documents, you can file them online or post with Companies House.
- Pay the filing fee. The current fee for incorporating a company in the UK is £100.
- Wait for your certificate of incorporation. Once your application has been approved, you will receive a certificate of incorporation from Companies House.
How Can You Speed up the Registration Process?
If you have all of the essential information, you should be able to complete our online application form within 15 minutes. Within three to five hours, you could have proof of your company’s creation. Register your business by noon on any working day to be registered on the same day. This is contingent on how busy the Companies House team is on any given day, so it cannot be guaranteed, but it is feasible. The amount of time required may vary based on several circumstances, such as the time of day or week when the application is submitted. If you submit your application in the afternoon, the Companies House is unlikely to respond before the end of the day. If you submit your application on a Friday, you will likely not receive a response until the following Monday, as Companies House is closed for the weekend. So make sure you submit your application accordingly.
Conclusion
Registering a company in the UK is not as complicated as you may have thought and can be done relatively quickly. Of course, the time frame will vary depending on the and the required documentation, but overall it is a relatively straightforward process. So, if specific company you are thinking about starting a business in the UK, don’t let the registration process hold you back – it’s not as complicated or time-consuming as you may have thought!
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