The business owners are ensured that the professional company formation agents are aware of the legal requirements of company formation, and would avoid making the silly mistakes. Therefore, the business owners find quite useful to hire the professionals for registering their Company Formation in Turkey.
mediaimage
Registering a business becomes essential for providing a platform for operating the business ideas in a legal manner. There are thousands of people who have unique business ideas, but they are not able to provide practical shape to those ideas, not because they are reluctant to implement those ideas. Actually, they would not be able to make use of their business ideas, without completing the process of opening their own business. Therefore, the UK government has always shown the generosity of extending it’s support for people, who are aspiring to become the business owners. What can be more supportive on the part of the government, then making the soft and simple rules for registering a company? Once, the registration process is done in an error-free manner, the business owner is allowed to operate his business in a legal manner.
There are several steps that are to followed carefully for getting the business registration certificate from the Companies House. First of all, one has to make the decision about the structure of his new company. It means, one has to be clear if he wants to be the owner of sole proprietorship, partnership or a limited company. Moreover, there are various kinds of limited companies, which can be categorised into private limited company or the public limited company, and the business owner must be aware of making the best choice, for the structure of his future company. It is possible to switch off from the private limited company to the public limited company.
Basic Requirements for registering a business:
There are two fundamental requirements for starting a new company. Firstly, one has to make sure that he chooses a name for his future company. The name should be attractive, and must be able to reflect the type of product or services, the company is going to provide. Moreover, the name should be unique in itself, and should not match with the name of any other company, which was ever registered with the Companies House. Secondly, the business owner has to decide about the place, from where he is going to operate the business. Once, the business owner is prepared with the office premises, he is able to start up with the documentation part of the company registration.
Documentation procedure for company registration:
There are some documents which are to completed and submitted at the Companies House.
A Memorandum of association states the information about the intention of opening a company, also makes the business owner the part of the upcoming company, by default. The memorandum of association also specifies the following information:
1)The name of the company 2) Liabilities of the members of the company 3) Location of the company, is to be specified, if the company’s office is going to be in England, Wales or Scotland. 4) The object of carrying out the business, as a legal commercial entity must be specified. 5) The subscribers of upcoming company must sign the Memorandum of association in the presence of witnesses. 6) The name of members related to the business, and the name of shareholders are also to be mentioned in the Memorandum of association.
Now, coming up to the second most essential document, which is named as Articles of association. This document is quite lengthy, because it provides information on the power Of directors, rights of all the members, meeting procedure, procedure for the payment of dividends, etc. It also specifies the rules for appointing the directors, and administrating the operations of the company.
Apart from this, form 10 and 12 are also to submitted, for completing the process of company registration.
There are a few more things, which are to taken into consideration for running the business in United Kingdom. Each private company should file yearly corporate tax returns with HMRC. In addition to this, they should also state the annual return and annual accounts to the Companies House, for the current financial year.