In simple words, company creation is the process of forming a business. After submitting the required paperwork and the required registration money to the Registrar of Companies, an individual may incorporate a company. These days, registering a company may be done online or on paper.
The Firmengründung individual forming the firm must provide a few important papers for both the paper procedure and the computerised process. Even if one document is missing, the company’s registration won’t be regarded as complete, and it won’t be incorporated. With the exception of one document that isn’t needed in the computer process, the papers needed to form a corporation on paper are the same as those needed in the computer process.
The following papers must be submitted in order to register a company:
1.A Memorandum of Association: This document states the name and purpose of the firm. Additionally, the registered office address must be provided. The firm’s goal must be made very clear, including whether it will operate as a for-profit corporation, a general commercial enterprise, or in any other capacity. Before giving this to the Registrar, each subscriber must sign it correctly in front of a witness who attests the signature.
2. Articles of Association: This document highlights the guidelines that will be used to administer the internal affairs of the organisation. Each subscriber must properly sign this document, too, in the presence of a witness who attests the signature and present it to the Registrar.
3.Form 10: This form includes the director(s), secretary’s name, address, profession, and date of birth, as well as the potential registered office address.The jobs that the relevant individuals held during the previous five years must also be described in detail. Again, all of the named officers and people who agree to the document must sign it and write the date.
4.Form 12: The statutory statement that all legal requirements relating to the establishment of a corporation have been complied with is made in this document. It must be endorsed by either the solicitor in charge of the company’s formation or one of the directors or company secretaries listed on Form 10. The document must be signed in front of a notary public, a solicitor, or a judge of the peace, as well as a commissioner of oaths. Anyone who provides a witness for the statutory declaration is often charged £5.
The electronic method differs simply in that Form 12 does not need to be submitted. The procedure is significantly sped up by leaving out one document. The subscriber requires software that is compatible with the Companies House e-Filing service in order to access the electronic procedure. The subscriber also needs a Companies House account and may need the help of a Company Formation Agent.
