?The process of incorporating a business is called business formation or company
registration in UK. Due to this process a company or a business firm gets legal
existence in the market. This legal existence of the business named as Corporation.
Incorporation is abbreviated as Inc. and company is abbreviated as Co.
Forming a limited liability company (Ltd.) is a complex and lengthy procedure. Due
to the involvement and professional company formation agents these days business
incorporation has become easy in UK and Worldwide. In order to understand the
importance of company formation agents one have to know about the benefits of
incorporating a company.
An incorporated or limited liability company (Ltd.) enjoys certain facilities form the
government that corporations do not enjoy.
Some of the facilities enjoyed by limited liability company are,
1. It never looses the power of shareholders.
2. No need to hold an annual shareholders meeting.
3. It can pass-through taxation and easily avoid double taxation.
4. Minimum paperwork involved after incorporation.
5. All members are protected from company debts and liabilities.
6. An organization can expand its requirements quickly whenever needed.
All the above facilities can properly be carried out with the help of a single company
Though incorporating a company is relatively a simple process, the rules and
regulations involved within make it complex for an ordinary individual. Due to this
reason professional company formation agents are very helpful. Starting from filling
up relevant forms, they do almost all the paper works and legal requirements needed
for incorporating an organization.
Company formation agents are professionally trained and authorized to provide
business registration information, advice and services. They will guide in the whole
process of various legal issues involved incorporating a business, complete all the
required documents and enable to file the documentation with the appropriate
regulatory agency on your behalf.
Company formation agents help the new companies by registering their business and
the appropriate addresses and make them trust worthy. Their Business start-up
services will help to fill and preparation of required documents and supervise the
registration process from beginning to end. This reduces the workload, save valuable
time and makes the entire process of business formation in UK smooth and
Professional company formation agents have years of experience behind them, which
help them for incorporating a business in less time with maximum accuracy. They can
incorporate an organization with a minimum number of members and businessmen
those who want to regulate and manage their companies remotely. A company
formation agent can arrange a company secretary, nominee directors and shareholders
according to the law of company formation by leaving the company in full control of
the Owner. Businessmen those wish to maintain their secrecy can also use the services
of company formation agents to incorporate their organizations.
Another important advantage of using company formation agent is an organization
can incorporate itself without directly dealing with accounts, lawyers and other
officials procedures involve with incorporation process.
Smaller companies are more benefited as they have very less manpower to complete
the company registration process. A single person can incorporate his business
initially as the company formation agents can take care of the entire process with
minimum effort form owner of the company.
As discussed earlier incorporation was very simple procedure but now a days the
strict legal procedures has made it time taking, complex and procedural. Not only
have the smaller companies even larger organizations prefer to hire a company
formation agent to avoid these complications.
Company formation agents will continue to guide you even after the incorporation of
your business. They can also help you with the legal requirements about the running
of your business and filing of legal reports to the government.
As per the requirements of the organizations, business owners search professional
company formation agents online. Visit Lincroft Associates Limited
(www.lincroft.co.uk.) for more information on company formation and other
This article was written by Mr. Rudradatta rath provided courtesy of Lincroft.co.uk
which is a leading Limited liability company formation agent based in UK provides
Offshore International Company Formation, company registration and virtual office
services to both UK and overseas clients.