subject: Company Registration-important Term To Get Familiar With For New Entrepreneurs [print this page] Company Registration is also knows as Company formation .Company Registration is the very first step towards establishing an enterprise & making it a legal entity. Company registration plays a very important role especially in the United Kingdom because in UK a company is treated as separate entity from the individuals who establish it or who operate the business under the company. A company is said to be registered if it is in compliance with the rules of Corporations Act passed in 1985.Nevertheless, Company Registration has become a part of Corporation Act passed in 2006 under section 8 since October 1st 2009.
Let us look at the process of company registration electronically. The electronic process of company registration is in demand nowadays because it consumes comparatively less time & is a trouble free process. All the required documents & the requisite application forms have to be submitted along with the fixed registration fee to the Companies House via trustable company registration or formation brokers. There is effective software provided by companies house for online company registration so that company registration is completed within hours.
One more important that needs to be considered before company registration is the structure of business. When doing company registration the owner needs to decide on the type of the business he is going to run under the registered company because a company can be registered under any of the below categories based on the nature of business you need to do:
1)Unlimited Company
2)LP abbreviates to Limited Partnership
3)Limited Company/Private Limited Company (Ltd, Limited)
4)EEIG abbreviates to European Economic Interest Grouping
5)Public Limited Company (PLC)
6)LLP abbreviates to Limited Liability Partnership
Once you have decided on the structure of business, you need to choose a company name. An individual should be very careful when choosing the name for his company. He or She should avoid choosing a company name that contains words like Chambers of Commerce, Bank, Holdings, Building Society, Group, British, International, National & so forth. Apart from these words you should as well not think of using names which refer to royal families or to the Government or the Parliament.
