Entrepreneurship has become a way of life. Besides technical know how to run your business, the commercial and legal aspects are equally important. In the UK, private sector corporations are called companies. Company formation is a specialized field and you can utilize the services of professionals to form your company. Simple Company Formations is possible online and can be completed in three to four hours. UK Company Formations are governed by the Companies Act 2006 and the companies need to be registered at Companies House.  A limited company (suffix “Ltd”) is one which the shares may be owned privately or publicly. The company may be a private company limited by shares, a private company limited by guarantee or it may be public limited. The characteristic feature of a limited company is that it is a separate legal entity and subject to limited liability in case of losses.

The company should be registered at Companies House so that the company name is protected. One or more persons can form the company provided they are more than 16 years of age. You can purchase a package online for LTD Company Formations. The details of the company should be entered online. The user-friendly software allows you to check if the name for the company is available, helps appoint the Director, generate the share capital and allocate shares to the members. The memorandum of association and the article of association will clearly chart out the rules for managing the internal affairs of the company. It helps you with a registered office address in London EC1 to receive all statutory post. VAT registration, secretarial services, advertising campaign to promote your business, personalised stationary, company stamp etc are also provided as part of the package. The services may be available for one to two years and needs to be renewed.