The address on your business card has a strong influence on your brand image. Having a prestigious business address will not only make your company look more professional and reputable, but will also add authority, credibility, and trust which has been proven to attract more clients.
As you may already know, London is established as a global leader in commerce and finance. By registering a business through a company formation service in the heart of the UK’s capital, you are guaranteed to make an excellent first impression and gain instant access to improved business opportunities, both of which are extremely valuable to young startups or international companies looking to enter UK markets.
If you are thinking about raising your company’s profile with a business address in Central London, experts from Your Company Formations share 5 key steps to setting up a company in the UK.
Determine a company structure
While there are many different types of company structures in the UK, most people setting up a London-based company London choose to register a private company limited by shares. Some of the advantages associated with this company formation structure include minimized personal liability in the event of insolvency or bankruptcy, the ability to raise capital by selling shares, and lower taxes as compared to sole proprietorships and partnerships.
Choose a company name
You must choose a company name that is relevant to your business, memorable (easy to pronounce and spell), and unique (not in use and not too similar to an existing business name). It is also a good idea to keep your company name short, avoid initials, and not be restricted by mention of geographical location, and specific products or services. If your company name is already registered but you would like to change it, the team at Your Company Formations can help you register a new name on your behalf.
Select a package
Your Company Formations offers a wide range of company formation packages to suit a variety of requirements and budgets. To register a private company limited by shares in London, for example, you can choose between 5 different packages – Digital, Digital & Print, Privacy, Fully Inclusive and International. The Digital Company Formation Pack is ideal for anyone looking to register a basic limited company without any additional extras, while the International Package allows international entrepreneurs outside the UK to register a company in London and comes with all the services a business would need including printed and digital copies of your company incorporation documents, a printed and bound copy of your Memorandum & Articles of Association, an annual return filing service, VAT registration, an international mail courier service and much more.
Register the Memorandum of Association/Articles of Association
The Memorandum of Association is a legal document that lists the names of the company’s founders and confirms their agreement to form a company. In a memorandum for a private company limited by shares, company founders also agree to hold a minimum of one share each. On the other hand, the Articles of Association outlines how the company should be run.
Submission of documents
The final step is to submit your application to the Companies House after which you will receive a Certificate of Incorporation that confirms your company is registered.
If you would like to get expert help with company formation in London, the friendly team Your Company Formations is available today to provide you with the highest level of support. Feel free to get in touch with them for more information.