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Choosing the Perfect Company Name

When you start your own business, one of the most important things you need to consider is your company name. Every new business registered in the UK needs to have a completely unique name. This makes choosing one very difficult. While company formation agents can assist you in finding a unique company name, you should always come up with a list of potential names yourself. This will help the company formation agents to find a unique one that is suitable for your business.

When most people think about their company’s name, they usually go straight to something that describes what they do. While this will help customers to understand the nature of your company, descriptive names are rarely particularly memorable or interesting. When you think about some of the largest companies in the world, their names are usually snappy and unforgettable, even though they keep customers guessing about what the company does.

Every company name should be easy to pronounce, inoffensive, memorable and easy to spell. It should be something that your customers will remember, and be able to tell their friends and family about. This is essential, because word of mouth is one of the most important marketing techniques for a business. Eventually, you may want to expand your business abroad. If so, you should choose a name that will be suitable in other languages, and easy for people in other countries to pronounce. Company House also won’t register a company name that could be deemed offensive.

We can help you with all company formation issues and requirements.

In the UK, company registration is simple and can be very profitable. Whether you’re starting a new company, opening a new branch or expanding your business overseas, the process is relatively simple, particularly with the help of company registration agents. Here is the procedure that you need to follow if you are registering a company in the UK.

•    Give Your Company a Unique Name

Every company registered in the UK needs to have a unique name. The name should be different to any other companies registered in the UK, or companies with branches in the UK. An Internet search can help you find a unique name, or company registration agents can assist you in finding one.

•    Have a Permanent Company Address

A company cannot be registered in the UK unless they have a permanent address. Even if your company only has an online presence, it should still have a permanent administrative office.

•    Register With Companies House

Companies House holds a register of all the businesses in the UK, along with information about them. If you are setting up a business in the UK, you need to notify Companies House.

•    Pay the Registration Fees and File the Necessary Forms

When you register a company, you need to pay Companies House the registration fees, and file two forms: the Memorandum of Association and the Articles of Association. You can complete these documents yourself, or company registration agents can assist you with them. There will then be further forms for you to complete.

Tens of thousands of company registration take place every year in the UK. Although companies are formed every day, the company registration process can be difficult, confusing and time consuming. The quickest and easiest way to set up a company is to undertake company registrations online. Your company could be formed in a single day. If you are starting a new company, there are a number ways which online company registration can benefit you.

•    Speed

When you complete a company registrations online, everything can be done from the comfort of your own home. During a company registration, it’s necessary to complete many forms. By completing your company registration online, this process can be made much speedier, and there are certain forms that you won’t have to fill out at all. It’s also a much faster way to check if your chosen company name is available for registration.

•    Reduced Expense

Because online registrations are much easier to process, the cost of company registration can be greatly reduced, which can be much appreciated when a business is starting out. Also, because the process is much quicker, you company can start trading and making money sooner than if you had completed the company registration by post.

Although the company registration process is much simpler when conducted online, you may still benefit from the assistance of a company registration agent. They will guide you through every step of the company registration process, ensuring everything runs as smoothly as possible.

Starting your own business is a lot of work and can be very time consuming, particularly if you are not familiar with laws and legislation surrounding it. To avoid much of the stress and hassle surrounding starting a business, you could consider using company formation agents. They will help you deal with the formalities associated with company formation. This can include:

•    Helping you choose your company name

When you register a company, the name that you choose has to be completely unique. This can prove extremely difficult. A company formation agent will help you choose a company name, and let you know if your chosen name is available for registration.

•    Completing all the necessary paperwork

By using a company formation agent, you won’t have to spend hours filling out reams of paperwork when you start your own business. They will offer assistance in completing all necessary paperwork, helping you to avoid mistakes. They will also help you with other formalities that may be necessary.

•    Carrying out the company formation online

Company formation can be a long and time consuming process. Carrying out the formation online can speed up the process immeasurably. A company formation agent can help you with this, meaning that you can start your business without ever having to leave your house.

Company formation agents are extremely skilled and knowledgeable, and work hard to keep up to date with any changes in company legislation. Employing one will help your new business get off to an excellent start.

With the current state of the economy, more and more people are finding themselves unemployed and unable to find work. A frustration with the lack of jobs available has led to many people deciding to take the plunge and work for themselves. Most people who start their own businesses simply register as a sole trader with the HMRC. However, company formation has many advantages over this.

People who are registered as sole traders have to complete a self-assessment tax return every year, and pay tax on any profits they have made. For a successful business, the rates of tax can be quite high. If they had carried out a company formation, they could pay themselves a salary using dividends. This will lower their tax threshold, allowing the company to make more money.

Businesses that have carried out a company formation, either themselves or with the help of company formation agents, have limited liability protection. This means that, if the company accrues any debt, the business owners will only be liable for the amount they initially invested. Sole traders have to be liable for all of their business’ debts.

By carrying out a company formation, businesses are more protected and secure. When a company is formed, the business name is added to the register at Company’s House, meaning that no other company can use that name. The business will also be provided with a registration number, certificate of incorporation and a registration date. Being able to confidently know when a company was formed can provide legal protection to a business, as well as peace of mind to the consumer.