When you think of the time you expect to spend to register a company, online seems like a good option. Though many people are sceptical and wonder how legitimate this service really is.
The online businesses that offer you the option to register a company online work hand in hand with Companies House to offer you a quick, easy and seamless option to get your company registered within a few easy clicks of your mouse.
When you have made the decision to start your own business you are faced with loads of planning, trying to remember everything, search for suitable premises, find reliable insurance brokers and start sourcing stock. The last thing you need is to spend hours completing forms and standing in queues to get your company registered.
Online Registration Advantages
There are a number of advantages when you decide to register a company online, for example they offer fast and accurate results, you save money, the entire process is very secure and the online company does everything for you. As an added advantage in some cases a company registration can be as quick as three hours.
You’ll obviously need to start by choosing a company name, Companies House have laid down a few name rules which must be taken into consideration. You cannot name your company similar or the same as another company, nor can it be offensive in any way and lastly you cannot include “limited” or “unlimited” in the name except at the end.
Once you’ve chosen a name, it’s time to consider what type of company you are going to have. You can have a private limited company by shares, this means the owners are shareholders, this also means a limited risks as you can only be held liable according to your initial investment.
There is also the public liability company limited which is very similar to the private limited company, except these shares can be sold to the public. Limited companies offer you the security that your assets are not at risk, they are more affordable, can remain dormant until you are ready to open up shop and you can change the ownership with ease.