Company formations: What's best for you?
With the internet increasing the options for forming companies, Jennifer Adams considers the pros and cons of the different methods.
At the end of March 2010 2.3m companies were registered with Companies House - 365,000 having been incorporated during the year to that date. Companies House is trying to reduce the complexity of company formation with a new £18 web incorporation service that requires just basic information.
In his article Companies Act 2006: Formation of a company David Duvall summarised the information, documents etc needed for a company to be incorporated post Companies Act 2006 via use of form IN01. This article covers the different methods of company formation detailing the pros and cons of each.
You can form a company in one of three ways:
- Online via the new Companies House/Businesslink link
- Use a formation agent or
- By paper form IN01
Each of these options is considered in more detail in the full article.
About the author
Jennifer Adams FCIS TEP ATT is a freelance writer and author specialising in tax and company secretarial issues; she can be contacted at Abacus Business Solutions. The information contained in this article is intended to provide for general educational use and information only. It is not intended to advise or recommend any particular course of action or opinion. The reader should not act or rely on any information contained therein without seeking independent legal advice.