In the UK, there are several ways to get started in business. Perhaps the easiest way is to trade as a sole trader. However, this is not always possible or suitable. If your business is a success at some point, you will want to register it as a company. In fact, once your turnover reaches a certain stage you are obliged to cease trading as a sole trader.
Your Options for Registering Your Business
There are several ways for you to register your business with Companies House, as the law requires. If you want to you can print off the forms and fill them out manually and send them to Companies House by the post. It is also possible to register a company online. The Companies House website explains exactly how to do this.
The third way is to use Formations Company. These firms are experts at registering companies and carry out literally hundreds of them every single week. Some people feel that these companies take money for old rope. However, it is interesting that Companies House includes using a formation company as one of the options for registering a company. In fact, they even provide a link to firms who provide this service. Therefore, you can bet that there is some value in using a formations company rather than carrying out your own registration.
Why Use a Formation Company to Register Your Business?
The main reason you should consider using a formations company rather than carrying out the registration yourself is peace of mind. Whilst the process of registering a company is not particularly difficult it is important to get the process right and to do so first time.
Formations companies have the experience necessary to ensure that this is what happens. In addition, these companies have a close working relationship with Companies House that allows them to ensure that your registration is processed as quickly as possible. They can also help you with setting up a business bank account and often have access to special deals such as £50 cash back for new account owners.
For help and advice on how to register a company onlinespeak to The Formations Company. They have helped hundreds of companies with the registration of their business.