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 formation agent.
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 involvedincorporating 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 hassle-free.
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. Acompany 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 acompany 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 accounting services.
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